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Your Hudson Real Estate Pulse: 1 Minute Market Update

Mortgage rates drop to their lowest levels on record. Buyers and Sellers are looking motivated this November.

Happy Monday! I'm guessing many of you are experiencing a "case of the Monday's" today, trying to come out of your 4 day Thanksgiving food coma, shopping spree highs etc. Although it is Cyber Monday, so maybe you're happy to catch some great deals online. So before you hop over to amazon.com, let me give you a one minute market update for Hudson.

Looks like deals this week aren't just in the retail world. Just this morning this article from The Wall Street Journal stated that mortgage rates have "dropped to their lowest levels on record. The rate for a 30-year fixed mortgage fell to 3.31% last week from 3.34% a week earlier and nearly 4% a year ago". This is certainly motivating news not only for buyers, but for sellers as well. Median sales price is up in Hudson, and there have been 20 new listings on the market so far this November as opposed to 1 last November! It appears sellers are confident to list their homes, hoping buyers are out there taking advantage of record low mortgage rates. So far this November there are 17 sold listings. I'll update you next week on how the Hudson market finished off November. Until then, feel free to contact me if you have any questions about the local Hudson market.

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I have been involved in real estate for nearly 20 years working as an assistant, hostess, closer, accounting and now licensed REALTOR for over 13 years. I  serve the St. Croix Valley including: Lakeland, Afton, Stillwater, Woodbury, Hudson, Roberts, Hammond, Baldwin, Spring Valley, New Richmond, Somerset, River Falls, and Prescott. Contact me at realestatewimn.com.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

yomammy November 26, 2012 at 08:16 PM
obviously we need to redistribute this wealth!!! call obama!!!!

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