Consumer Confidence Dips Only Slightly in March

Be the first to comment on this post

Consumers hang tough in March, considering that gasoline prices soared 27 cents per gallon from mid-February to mid-March.

Consumer Confidence fell 1.4 points to 70.2 in March, as improving perceptions about the job market continue to outweigh concerns about soaring gasoling prices. Buying plans improved across the board in March.

My records show that:

2009 averaged 44.96 points
2010 averaged 53.97 points
2011 averaged 58.08 points

Consumer Confidence was the highest around 1999 when it was hanging around 140 points.

My records also show that since mid-80’s till the end of 2007 (except for the recession of 1991), the Consumer Confidence Index has stayed above 80 points. The Reaganomics enacted during his term created the longest economic expansion this country had ever seen, and consumers loved it.

The discussion I am hearing now, is that if we do not get our arms around this massive debt we now have, that this country will be Greece in 2 years…we either cut spending now, or cut more spending later…there is no forgiveness.

Right now, the Consumer’s Confidence is good. In February 2009 the Consumer Confidence was the lowest ever recorded at 25.3 points. Americans feel pretty good right now, but unless we stop taxing and spending I don’t see any recovery lasting for very long.

The massive erosion I have seen the past 3+ years in the middle-class of this country has just about broke these Americans. I don’t know how much longer the middle-class can hang on and working for the government will not resurect this class of people; only further indenture them.

Categories: Uncategorized

Current Lakehome Inventory…Marketdate 3.26.12: Alexandria, MN

Be the first to comment on this post

The lakehome inventory continues to roll in. For Douglas County listings, in the MLS, there were 136 listings on March 1st…today, 26 days later; there are 163.

The peak time for inventory will be mid-July to mid-August. Last year on August 8th, there were 275 lakehomes listed in the MLS for Douglas County.

Source: Greater Alexandria MN Area Association of Realtors Multiple Listing Service

Categories: Uncategorized

New Construction Nationwide Statistics: Market Date 3.24.12, Alexandria, MN

1 Comment | Leave A Comment

Housing Starts Pull Back
New Home Sales Activity Softens

Every market is a little different. If you read my blog about building activity in the Progress Report, you will see that Alexandria, MN picked up about 20% in new home construction. Nationwide, the prediction is to be just under double-digit increase.

What is interesting to note is the Inventory of New Homes for Sale. I have been tracking this since 2006 when it was around 560,000. Currently, it is at a RECORD LOW of 150,000 units. Keep your eye on the pendulum.

Source: Wells Fargo Securities

Categories: Uncategorized

My World around Oil

Be the first to comment on this post

Oil Prices & U.S. Economy

In my business, people are always asking me about the market. I do the best that I can everyday to perform, but sometimes a little help would be good. Imagine if this country could get an energy policy? We send $750 billion from our GDP to the Middle East, what if that money stayed in this country?
The business of real estate would literally change overnight, and make my vision more clear. As with the advent of $4.00 or higher gas there is not telling what effect that will have on real estate or quite frankly everything for that matter.
This is a good summation from Wells Fargo, check it out.

Source: Wells Fargo Securities

Categories: Uncategorized

Current Housing Inventory for the Alexandria, MN area

Be the first to comment on this post

In checking the statistics this morning, there are 271 RESIDENTIAL(non-lakeshore) listings in Douglas County in the MLS. There were 225 on January 23rd, and the highest I have ever recorded for Douglas County was on August 9, 2011 when that number stood at 342 listings in the Douglas County area.

In checking the statistics this morning, there are 161 LAKEHOME listings in Douglas County in the MLS. There were 121 on January 16th, and the highest I have ever recorded for Douglas County was on August 8, 2011 when that number stood at 275 listings in the Douglas County area.

Source: Greater Alexandria Area Association of Realtors Multiple Listing Service

Categories: Uncategorized

Unemployment Rates for the Alexandria, MN area

Be the first to comment on this post

I got this info from Jason Murray at the Alexandria, MN Area Economic Development Commission.

He gets it from the Department of Employment and Economic Development

Here are the numbers for Douglas County:

2011 Jan 19916-18391employed 1525unemployed 7.7unemployment rate
2011 Feb 19882-18360 1522 7.7
2011 Mar 19862-18389 1473 7.4
2011 Apr 20082-18789 1293 6.4
2011 May 20357-19189 1168 5.7
2011 Jun 20587-19312 1275 6.2
2011 Jul 21387-20136 1251 5.8
2011 Aug 21026-19855 1171 5.6
2011 Sep 20475-19451 1024 5.0
2011 Oct 20341-19401 940 4.6
2011 Nov 20159-19200 959 4.8
2011 Dec 20859-19778 1081 5.2
2012 Jan 20645-19380 1265 6.1

Source: AAEDC, Department of Employment and Economic Development

Categories: Uncategorized

Quick Facts for Douglas County, MN

Be the first to comment on this post

Quick Facts.Douglas County.March2012

Douglas County Quick Facts…shows over 3000 people growth during the last decade.

Also, there are 19,905 housing units in Douglas County.

Douglas County is ahead of the State average on homeownership rate…

Lots of good info here

Source: US Census Bureau

Categories: Uncategorized

Quick Facts for Alexandria, MN

Be the first to comment on this post

Quick Facts.US Census Bureau.March2012

Currently (2010) 11,070 people living in Alexandria City. There are 5,344,861 in Minnesota. When I started selling real estate here in 1982, there were 4.5 million living in Minnesota.

Alexandria, MN comprises 15.96 square miles; and there are 693.5 people per square mile here. There are 7,088.3 people per square mile in Minneapolis; 1,272 people per sq.mile in Duluth and 1,644 people per sq.mile in St. Cloud. I also checked Fergus Falls, they had 931 people per sq.mile. I like living in Alexandria, MN.

Source: US Census Bureau

Categories: Uncategorized

PROGRESS REPORT for Alexandria, MN: 2012, Part ONE

Be the first to comment on this post

Alexandria, Mn area records busy year of building. That was the headlines yesterday in the Echo Press.

“If you look around the Alexandria, MN area, you’ll see a lot of new buildings. New businesses, new homes and remodeled buildings dot the city and the two-mile radius that surrounds it.

The Alexandria, MN Building Department’s 2011 report offers a peek into local construction activity. For the fifth straight year, the department issued permits for projects that had a combined total value of more than $50 million.

The total for 2011 is just over $53 million – a 4 percent increase from 2010’s valuation of $50.7 million. A total of 1214 permits were issued in 2011, compared to 2010’s 1,089.

ACTIVITY FROM RECENT YEARS INCLUDE $50.1 MILLION IN 2009, $55.1 MILLION IN 2008 AND $56.9 MILLION IN 2007. (THIS TOTALS OVER $262,000,000 IN IMPROVEMENTS TO THE ALEXANDRIA, MN AREA IN THE LAST FIVE YEARS!)

The numbers included construction work within the city and its building code administration areas of Hudson, Lagrand and Lake Mary Townships.

In the 2011 report, Bruce JAsperson, the city’s building official, noted that although the construction totals have bounced around from a low of $42.5 million in 2001 to a peak of $97.9 million in 2005 in 10 years, around $50 million in construction seems to the “sustainable norm” for the area.

One of the highlights of the 2011 construction season were 18 new commercial projects. They accounted for more than $13.2 million in valuation. This compares to 16 new commercial projects in 2010 that were valued at $21.9 million.

The department also issued 102 permits to remodel, repair or renovate commercial buildings at a valuation of just under $19.6 million.

Construction of single-family homes picked up last year, increasing from 27 in 2010 to 35. The estimated value was pegged at $6.18 million, up from 2010’s $4.3 million.

Jaspersen noted that 71 percent of the new homes were built inside the city limits. The average value of the homes built was $176,000, up from 2010’s average of $159,000 but down from 2009’s average of $197,000.

During 2011, 501 single-family homes were remodeled, repaired or renovated, adding $4.8 million in valuation. This compares to 471 projects the previous year that were valued at $3.4 million.

Althought the construction valuation has bounced up and down during the past decade, the number of permits the building department has issued remains relatively stable, Jaspersen said.

The department issued 1,214 permits last year, which is down slightly from the 2004 peak of 1,530 but up from the 2008 low point of 1,057.

The building department serves a population of about 20,175 and an area that covers about 102 square miles – about THREE TIMES THE AREA OF SAINT CLOUD.

Source: Alexandria, MN Echo Press

Categories: Uncategorized

Randy Fischer’s Early Settlers to the Alexandria, MN area!

Be the first to comment on this post

I ran this ad in the Holmes City paper for their 150th Anniversary because my mom was from there. Actually, it goes deeper than that…

Holmes City AD

RANDY FISCHER, present day

HAROLD & ARDYS (SOBERG) FISCHER: My mother grew up in Holmes City

BENNETT & SARAH (MYHR) SOBERG: My Grandparents were Holmes City farmers

HAROLD & TILLIE (FEMRITE) MYHR: My Great Grandparents were Holmes City Farmers

PEDER & HANNAH (STRANDVOLD) MYHR: My Great Great Grandparents were Holmes City Farmers

HANS & RAGHNILD STRANDVOLD: My Great Great Great Grandparents were 1868 H.City Settlers

HALVOR & MARIA STRANDVOLD: My Great Great Great Great Grandparents were also 1868 Holmes
City Settlers

Categories: Uncategorized


Randy Fischer Real Estate, Inc   |   109 12th Avenue East   |   Alexandria, MN 56308   |   info@randyfischerrealestate.com. Privacy Policy. Terms of Use.

Copyright © 2019 Randy Fischer Real Estate Blog. All Rights Reserved. Randy Fischer Real Estate, Inc.