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Southeast Minnesota real estate market continues to strengthen in 2013


Fri, Jan 31st, 2014
Posted in All Home & Garden

ROCHESTER, Minn. – The real estate market in southeast Minnesota saw strong gains in nearly every indicator in 2013, with the result being a residential housing market that continues to improve. The results were announced by the Southeast Minnesota Association of REALTORS® (SEMAR), an association representing more than 800 REALTORS®.

“In 2013, southeast Minnesota saw an increase in stability throughout our 11 counties,” said Casey Hatch, President of the SEMAR. “What we are seeing now is what we should be seeing - stability. Bank-owned properties and short sales once commanded a good share of the market. Residential real estate is going to be stronger with fewer foreclosures and short sales. All the indicators we use to judge the health of a marketplace are going in the right direction. This is good news for home sellers and those looking to move into our area. We continue to see strong, consistent growth.”

Among the indicators that help shape the real estate market in southeast Minnesota:

•Homes Sold: More than 5,000 homes were sold in 2013, an increase of 6.4 percent. In 2012, backlog inventory sold as the economy grew stronger and buyers entered the market with more confidence.

•Months Supply of Inventory: Levels dropped 11.8 percent this year to 4.5 months supply. Months of inventory has been dropping consistently over the last three years, which is a significant supply side correction. Sellers are facing less competition and multiple offer situations are more commonplace. Unfortunately, some buyers are struggling to find quality inventory.

•Days on the Market: Down nearly 14 percent to 102 days, on average, shows that homes, when priced appropriately, are selling quickly.

•Median Sales Price: The point at which half of the sales sold for less and half for more (not accounting for seller concessions) in a given month was $140,000 in 2013, an increase of 4.5 percent over 2012. With less inventory and more demand, the median sales price has recovered some losses since the end of the Great Recession.

•Affordability Index: The index this year is 241, which means the median household income is 241 percent of what is necessary to qualify for the median-priced home under prevailing interest rates. The higher number is an indicator of greater affordability in an area. This indicates that the housing market in southeast Minnesota continues .....
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Recycling 101 - 1.20.14

By LaVerne C. Paulson

Fri, Jan 17th, 2014
Posted in All Home & Garden

Fillmore County’s next Household Hazardous Waste Day is a few months away, but I would like to pass this information on to you at this time and answer some of the questions you may have about hazardous waste. As most of you are aware, Fillmore Co ..... 
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January 2014 declared “National Radon Action Month”

Fri, Jan 10th, 2014
Posted in All Home & Garden

January 2014 is has been declared “National Radon Action Month” according to the Environmental Protection Agency. Health agencies throughout the United States have joined forces to promote awareness of the leading cause of lung cancer for non-sm ..... 
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Recycling 101

By LaVerne C. Paulson

Thu, Dec 26th, 2013
Posted in All Home & Garden

Many of the residents of Fillmore County have been recycling for more than three decades. During this time, there have been many changes in the recycling practices and procedures. Some of us can remember when newspapers and aluminum cans were the ma ..... 
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Recycling 101

By LaVerne C. Paulson

Fri, Dec 13th, 2013
Posted in All Home & Garden

The Minnesota Pollution Control Agency (MPCA) has recently completed a study on the garbage Minnesotans are throwing away rather than recycling. The last study of this kind was done in 2000. A November 17 article written by Josephine Marcotty of th ..... 
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Habitat for Humanity open house

Fri, Dec 6th, 2013
Posted in All Home & Garden

WINONA, Minn. – Habitat for Humanity Winona-Fillmore Counties is hosting a Holiday Open House on Wednesday, December 18 from noon to 7 p.m. All are invited to attend this celebration commemorating the work of Habitat for Humanity in the past (almo ..... 
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Recycling 101

By LaVerne C. Paulson

Fri, Nov 29th, 2013
Posted in All Home & Garden

One of the basic rules of recycling is to keep your materials as clean and as dry as possible. Wet newspaper and cardboard can get really messy and excessive food and drink left in cans and bottles stored in that container at your house tend to sme ..... 
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LED holiday lights: An energy and money-saving tradition

Thu, Nov 21st, 2013
Posted in All Home & Garden

Replacing traditional incandescent decorative lights with high-efficient LED (light-emitting diode) bulbs is one great way to conserve energy during the holidays. When shopping for holiday lights, look for the ENERGY STAR® label to ensure that th ..... 
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Root River Floral celebrates Caring Rose Week

By Kirsten Zoellner

Fri, Nov 15th, 2013
Posted in Rushford Home & Garden

“Holidays, happiness, family… hunger?” Next week, we’ll all sidle up to the table, give thanks for our blessings, and dive in. In the midst of so much, it’s possible to forget that there are those not so fortunate. This week, National Hu ..... 
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