St. Cloud, MN - Real Estate Blog

For those of you out there who love to procrastinate until the last minute before doing anything, the time to buy a home and qualify for the $8,000 tax credit is now. 

Granted, that statement is speculative that the government will not extend its current policy to first time home buyers in 2010.

What do I think they'll do?  I'm putting it at about 60% that the government powers that be will decide to extend it.  Reasoning: If what they are saying is true and we have another huge wave of foreclosed properties waiting to hit the market, we might need the additional incentive one more year.  Also, if the interest rates do start creeping upwards, as some experts are predicting, we might need the additional incentive to keep the market rolling.

Personally, I hope they scrap the idea and let the free market correct the problem (sorry to my fellow agents out there who don't see it the same way).  From my perspective, why would I make my kids and grandkids pay higher taxes because we decided to give a little incentive to first time home buyers in 2010.  We've already ran up a pretty big bill with all of our other government programs in 2009.  In the grand scheme of things it seems to be a bad idea.

Penny for your thoughts on the matter.

Jason Tangen - Real Estate Broker Associate with Edina Realty St Cloud MN

http://StCloudEdina.com - Home of the e-Market Analysis (free home value estimator)

http://JasonTangen.EdinaRealty.com - Search homes for sale in St Joseph, MN

Best on the Internet for Real Estate St Cloud, MN

Posted by Jason Tangen at 10:56 AM | Permalink | Comments (0)

options

Do you ever have one of those days at work when you feel like you are just getting everything done?  I am having one of those days today.  I am FINALLY done with the numbers for the second quarter real estate sales in and around St Cloud, MN.  Please note that there are some changes to this report because of the new MLS vendor change that occurred back in June.  It is because of this MLS database change that the areas covered are now searched by zip codes instead of areas.  Consequently, the area of West St Cloud is now eliminated and included in the 56301, or North St Cloud area.  I've also added the St Joseph sales to this report as it has been requested by several of you out there.  Lastly, the Tangen Index (TI) itself has been tweaked to give a more accurate interpretation of the real estate market trend.  I have added the price/sq ft category into the mix to better determine the extent of the buyers or sellers market.  Once again, the TI is a number reflecting the tendency of the market to be more of a buyers or sellers market.  The farther the number is away from 0, the stronger the tendency.  Negative numbers reflect a buyers market and positive numbers reflect a sellers market.  If you have questions about this, give me a call.

The Tangen Report 2nd Quarter 2009 - Download file

Click on the file above to see the overall real estate sales statistics for St Cloud, Waite Park, Sartell, and Sauk Rapids Minnesota.  Please note that this file is intended for personal knowledge.  If you are planning on using any of the information contained herein, please acknowledge its author (Jason Tangen - e-PRO, GRI - Broker Associate with Edina Realty in St Cloud) properly.

If you would like to view previous Tangen reports, visit http://stcloudedina.com/blog/the_tangen_report/.

Jason Tangen - GRI, e-PRO - Real Estate Broker Associate with Edina Realty in St Cloud MN

http://StCloudEdina.com - Home of the e-Market Analysis (Free Home Value Estimator)

http://JasonTangen.EdinaRealty.com - Search real estate in StCloud Minnesota.

Best on the Internet for Real Estate St Cloud MN

Posted by Jason Tangen at 09:16 AM | Permalink | Comments (0)

options

Below are the numbers of total residential homes that were sold in each area during last month.

North St Cloud - 20

South St Cloud - 25

East St Cloud - 10

Sauk Rapids - 17

Sartell - 26

Waite Park - 9

St Joseph - 6

If you would like more data for real estate sales in central Minnesota, give me a call at (320) 492-2667 or post your requests here.  I can pull together just about any real estate related data that you would like from specific office sales to average sales prices and more.

Jason Tangen, GRI - Real Estate Broker Associate with Edina Realty in St Cloud MN

http://StCloudEdina.com - Home of the e-Market Analysis (free home value estimator).

http://JasonTangen.EdinaRealty.com - Search real estate in St Cloud MN.

Best on the Internet for Real Estate St Cloud MN

Posted by Jason Tangen at 10:13 AM | Permalink | Comments (0)

options