Posted by: Dan Pflugshaupt
on Apr 23, 2010
What to Watch for:
This information was provided by The Greater Lakes Association of REALTORS
Posted by: Dan Pflugshaupt
on Mar 13, 2010
Posted by: Dan Pflugshaupt
on Jan 18, 2010
December 2009 Real Estate Review and Year end 2009 Review
Posted by: Dan Pflugshaupt
on Dec 14, 2009
Posted by: Dan Pflugshaupt
on Nov 12, 2009
Here is the October Real Estate Market Review. Please let me know if you have any questions. If you know if anyone else who may benefit from receiving this real estate review on a monthly basis please feel free to send them my email address and have them contact me.
What to Watch For:
There were strong home sales in the Greater Lakes region once again in October. For the month there were 242 closed sales, up 14.7 percent from a year ago as low mortgage rates and the federal tax credit for home buyers spurred activity. With the home buyer tax credit extended and expanded, we can expect that first-time home buyer activity will remain strong, but don't bank on the same blockbuster numbers we say this year. If you were a potential first-time home buyer who was qualified to purchase in 2009, odds are pretty dang good that you already bought.
The fact that the income limits have been raised for eligibility does help since it widens the credit's availability. The $6,500 credit for second-time buyers will spur some sellers in the low-to-mid price ranges to put their homes on the market who had previously been on the fence. New listings will likely increase this winter and into early 2010 as a result.
Posted by: Richard D. Kruger
on Nov 9, 2009
Posted by: Dan Pflugshaupt
on Oct 14, 2009
September 2009 Real Estate Review
Posted by: Richard D. Kruger
on Oct 12, 2009
Our Longville/Hackensack real estate market is strongly influenced by the success of the metropolitan areas that tend to provide people opting to move to our local communities. Those metro areas may included Minneapolis/St. Paul, Des Moines, Chicago, and Fargo/Moorhead, and others.
Posted by: Dan Pflugshaupt
on Sep 11, 2009
August Real Estate Review
What to Watch For:
After two consecutive months of growing closed sales, August saw a slight cool-down in buyer activity in the Greater Lakes region. There were 203 homes sold in August, down 18.1 percent from one year ago. Year to date there have been 3.5 percent fewer homes sold in the region this year than last year.
Thankfully, new supply coming on the market has slowed. In August there were 446 new listings, down 15.7 percent from last August. With 27.5 months of supply available, the market does not need an influx of new properties to come on the market.
Home prices continue to decline, but this is partially a function of increased market share of non-waterfront homes, likely sparked by the federal tax credit for first-time home buyers.
Posted by: Dan Pflugshaupt
on Jun 16, 2009
Here is the most recent information on the $8000 first time homebuyer tax credit from the National Association of REALTORS. Please click on the link to view the entire article. 1st time homebuyer tax credit
If qualified, you can use this tax credit for a lake home, lake cabin, country home, or city home.
