Mitchell Hardsaw, Counselor Realty Rochester MN

Some great information today from our office meeting. Really shows how much interest rates have fallen, and how much that 1% can increase your buying power!

Thanks for the information Serena Oudekirk & Sanela Dzamalija!

Updated single level living with a big community park across the street!

The SEMR yearly market report was posted this week and It shows the strong market in SE MN is still growing rapidly. Despite it being an election year experts are predicting similar results for 2020 due to the low and steady interest rates.

Something I found really interesting is the growth some of the outlier communities experienced this year. It shows that with the rapid growth or Rochester over the past 5+ years that families are making the choice to find options farther out.

My questions to homeowners is:
How do these numbers and stats make you feel?
Is it motivation to upgrade to that bigger house for the family and capitalize on the quickly gained equity?
Does it make you want to wait for a shift in the market and possibly lower prices?

I have heard both sides but I always like more input when it comes to this subject!

If you would like to review the full report and monthly reports provided by SEMR follow this link: https://www.semnrealtors.com/media-resources/semr-market-focus-report.php

Glad to hear Oxbow got some grants to make improvements!

Oxbow Park receives grants to make needed improvements - KTTC Big changes are on the way for Oxbow Park, including new buildings and an effort to help control flooding at the property.