TheStagesoftheRealEstateCycle A friend of mine found this…I have actually seen 3 of these cycles in my career here in Alexandria. Oh what a timeline. Even though real estate cycles, a lake lot bought in 1982 at the depth of that recession might have been $10,000. At the peak of the market here in Alexandria, it ... [Continue Reading]
Home Prices.2011 I would concur. It appears that the last bit of “bloodletting” may be close at hand…nationally and possibly in my market here in Alexandria. Source: Wells Fargo Securities
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HouseholdIncomeTrends A friend of mine had emailed this to me. He had gotten it off the internet, thought I would like to have it on my blog for future reference as well. Source: Sentier Research
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Alexandria,MN.MedianSalePrice.1996to2011 As some cities go, you can see that Alexandria, MN has shown amazing resiliency through the “Great Recession”. I acquired this from the City Assessor here in Alexandria. Source: Alexandria, MN. City Assessor
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DmandIsKey.NAR This pretty much sums up where we have been and are at today. Now, the question…where is it going from here? Source: National Association of Realtors
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Photo of First National Bank in 1876 BusinessIsBooming.Alexandria.MN.Part ONE BusinessIsBooming.Alexandria.MN.Part TWO BusinessIsBooming.Alexandria.MN.Part THREE BusinessIsBooming.Alexandria.MN.Part FOUR Great story here from the Echo Press: Several business ventures were registered between 1866 and 1871, including a drug store owned by L.G. Sims, a hardware store owned by J.H. Hollabaugh (the forerunner of today’s cowing Robards store), a clothing ... [Continue Reading]
AlexTechCollegeNewDorm This is great for the students and the citizens of this community. A safe and secure housing building that is conveniently located right next to the college entrance. I wish had a picture to show you. Source: Alexandria, MN Echo Press
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ForeclosuresDown12%FromLastYear Wow, this is good news. Source: Lender Processing Services
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S&PCase-Shiller.9.27.2011</a This is a monthly report, Minneapolis is still the worst for the moment. It's no wonder that people are not rolling on the lakeshore market like they used to from the metro. Their equities have eroded and not returning as quickly as folks would expect. Bottom line is that the market data will at ... [Continue Reading]
Foreclosure Backlog Deepens A friend of mine sent me this…still working through the system, the foreclosures they are. Unemployment and foreclosure go hand in hand. We need to work on jobs…and not temporary ones paid for with taxes… Source: Yahoo Finance
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