Rochester MN Real Estate Market Update - May 20th, 2009 - 05/22/09 12:09 AM
Rochester MN Real Estate Market Update from REALTORs David and Lois Marris
Wednesday, May 20th, 2009
There are currently 786 single family homes for sale in Rochester, 16 less than last week.  241 of these homes are vacant, 10 less than last week.  An astounding 51 homes accepted contracts this past week making it the busiest home selling week in 2009.    We continue to decrease our inventory of both existing and new construction homes.
Contact us if you are considering buying or selling a home in the Rochester area.  We'll put our experience to work for you.
Statistics are from the … (0 comments)

Rochester MN Real Estate Market Update - May 13th, 2009 - 05/12/09 10:59 PM
Wednesday, May 13th, 2009:
There are currently 802 single family homes available for sale in Rochester, 10 fewer than last week.
251 of these homes are vacant, 12 fewer than last week. 
46 homes accepted contracts this past week.
Rochester is defying the nations real estate recession.  We have had numerous weeks of declining availability, meaning homes are selling faster than they are coming on the market.  The vacant home statistic is a combination of new construction homes and existing homes.  This number is decreasing on a steady basis.  New home construction permits are also on the rise with 20 permits being issued in the … (0 comments)

Home Buyers -- 4 Questions to Ask Yourself - 05/07/09 04:36 PM
Home Buying Advice from Rochester MN REALTORs David and Lois Marris
Whether you are buying your first home or you've bought a home before, ask yourselves these questions as you consider your options.
1. Does buying a home fit in with my overall financial goals?
Home Ownership is just one of many financial goals.  Ask yourself these questions as you prioritize all of your goals:
How long will I live in this home?  We suggest 3 years minimum, preferably 5 years. Will I still have enough money for unexpected expenses and emergencies? Would buying a home financially stretch me beyond my … (0 comments)

Home Mortgages -- What Will Lenders Consider When I Apply? - 05/07/09 03:16 PM
Rochester Mn Real Estate Agents David and Lois Marris on Mortgage Applications
 
 There are three main areas lenders review when you apply for a home loan:
Income and Expenses Credit Score Down Payment and Closing Costs Income and Expenses
Lenders will help you itemize your income and all of your expenses.  They then calculate a debt to earnings ratio or "Housing Ratio". The Housing Ratio consists of the monthly housing payment to total gross monthly income ratio. This ratio is used by lenders to determine the maximum monthly payment a lender is likely to allow you to carry based on your income alone.  … (0 comments)

Walgreens Is Coming To Rochester - 05/07/09 02:18 PM
Up-to-date real estate market news from Rochester MN REALTORs David and Lois Marris.
Rochester MN will soon have not just one Walgreens Store, but two.  Rochester City Council approved a zoning change which allows Walgreens to proceed with their plans to build on the corner of 11th Ave NW and Civic Center Drive.  The first Rochester Walgreens store is being constructed on South Broadway near the Olmsted County Fairgrounds and Crossroads Shopping Center.
A second Walgreens is good news for Rochester.  We have tried to attract Walgreens for years to no avail.  Thankfully, Walgreens has seen the advantages of a Rochester location.  … (0 comments)

Rochester Building Permits On the Rise - 05/06/09 04:33 PM
Rochester MN Real Estate Agents David and Lois Marris of Edina Realty provide up-to-date information on the Rochester MN Real Estate Market.
The spring construction season is upon us and Rochester couldn't be happier.   This year we have more to celebrate than just warm weather and sprouting flowers.  New home construction permits are on the rise.  That is good news for home owners hoping to sell their home, for home builders and the economy in general.  It shows that we have begun to work through our over supply of housing and people are opting to build again. Construction crews are out … (0 comments)

Rochester MN Real Estate Market Update - May 6, 2009 - 05/06/09 03:13 PM
Wednesday, May 6, 2009:
There are currently 812 single family homes available for sale in Rochester, 6 fewer than last week.
263 of these homes are vacant, 9 fewer than last week. 
An astounding 42 homes accepted contracts this past week.
We continue to decrease our availability of both existing and new construction homes.  Twenty-nine new home construction permits were issued in April compared to just 20 total for the months of January-March.
If you are considering selling your home, now is a good time to be on the market.  Contact us for a detailed marketing plan for your home.
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David and Lois Marris … (0 comments)

Folwell Area Home for Sale - Rochester MN - 05/06/09 02:55 PM
Rochester, MN Real Estate Agents David and Lois Marris of Edina Realty present another new listing.
1009 21st St. SW, Rochester, MN
3 Bedroom, Office, 4 bath, $289,900
This elegant and traditional home will redefine your idea of "comfortable living" as each and every room invites you to stay and relax.  Sitting high atop a hill in the Baihly Heights subdivision you'll enjoy truly beautiful views of the city skyline right from your living room.  A brief escape into nature is just a simple walk over to the family room and kitchen areas. These rooms have beautiful views of the wooded yard, … (0 comments)

 
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David and Lois Marris

Rochester, MN

More about me…

Keller Williams Premier Realty

Address: 2765 Commerce Drive NW, Rochester, MN, 55901

Office Phone: (507) 398-3251

Cell Phone: (507) 254-2291

Email Me

Up to date information on real estate in Rochester, Minnesota. Includes: Rochester real estate resources, property searches, information on how to automate your home search, Rochester market updates, affordable housing, advise on luxury home buying and selling, community info and more.


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