Currently there are 216 lakehomes listed in Douglas County. That number is up 10% from 10 days ago. Again, last year we only sold 100 lakehomes in Douglas County. That represented about a third of total listed inventory. It’s looking similar to last year. Second half will tell the story. Source: Greater Alexandria Area Association…
Inflation ImpactAgain, one of the best places to be is in real estate if/when inflation occurs. The “herd” has moved from a borrowers position to a cash position in this economy. If/when inflation occurs a cash position is not the place to be. The erosion of purchasing power puts the cash person in a reduced…
This is a report from the National Association of Realtors. The sales in Alexandria, MN did not show a rise for the first quarter. Actually, the report was about a 30% drop. See blog report from early April for 1st quarter residential sales. You should read this report, I see good activity… (click on the…
Although commercial sales in Alexandria, MN have lagged from better past years, it appears that there is some light shining at the end of the tunnel. Bug-A-Boo Bay is opening under new ownership this week. Old Broadway is opening next week. Times Square is almost under new ownership. Mark Juettner bought the Automaxx building. I…
Boston Condo Market.4.27.11
Foreclosing on 2010If you read the other two parts, you may want to finish with this story. Bottom line? Read the last page. Again, I would say that the microcosm of the world, known as Alexandria, MN is fairly similar to the rest of the places in the United States. Yes, we have foreclosures…I know…
ExistingHomeSales.4.26.11This is the summary of Existing Home Sales through March 2011. Although Alexandria, MN is a microcosm of the world, this data is still relevant to the now very small world in which we live. Thanks for reading. Source: National Association of Realtors Economic Research Division
Shadow Inventory.Part Two Now this guy thinks that we will hit up to seven million in “shadow inventory” on the market. A lot of this doom and gloom will be relegated to certain markets. I don’t see that necessarily being the case here in Alexandria. Nonetheless, it does have a significant negative effect on the…
Blog.ShadowInventory.Pt1 If you read about “shadow inventory”, it appears that there could be somewhere from one to two million homes coming on the market sometime soon. I wish that Obama had released them so that we can get this inventory freaking gone. If you have been reading my blog, you would have seen that there…
I pulled this from Bloomberg News on April 19, 2011: …Historically, homes have been a safer investment than equities. During 2008, the worst year of the housing crisis, the median U.S. home price declined 15 percent, compared with a more than 38 percent plunge in the Standard & Poor’s 500 Index. Amercians stay in their…
