Are you looking for Richfield homes listed in mls? If so, the time has never been better than right now to check out some of the great homes that are for sale here in Richfield MN! Prices are LOW and interest rates are LOW!
For more information check out my website by visiting http://www.minneapolisstpaulrealestate.info/
Furs, wheat, pine lumber, and high-grade iron ore were once the basis of Minnesota's economy. As these resources diminished, however, the state turned to wood pulp, dairy products, corn and soybeans, taconite, and manufacturing, often in such food-related industries as meat-packing, canning, and the processing of dairy products.
Minnesota's economy has transformed in the last 200 years to emphasize finished products and services. Perhaps the most significant characteristic of the economy is its diversity; the relative outputs of its business sectors closely match the United States as a whole. The economy of Minnesota had a gross domestic product of $234 billion in 2005. Thirty-six of the United States' top 1,000 publicly traded companies (by revenue in 2006) are headquartered in Minnesota, including Target, UnitedHealthcare Group, 3M, Medtronic, General Mills, U.S.Bankcorp, and Best Buy. The second-largest privately owned U.S. company, Cargill, is headquartered in Wayzata. The per capita income in 2005 was $37,290, the tenth-highest in the nation. The three-year median household income from 2002-2004 was $55,914, ranking fifth in the U.S. and first among the 36 states not on the Atlantic coast.
Forestry remains strong, including logging, pulpwood processing and paper production, and forest products manufacturing.
The manufacturing sector now includes technology and biomedical firms in addition to the older food processors and heavy industry. The nation's first indoor shopping mall was Edina's Southdale Center . This mall has udergone a significant remodel and addition to create a very modern and comfortable shopping atmosphere. The nation's largest indoor shopping center is Bloomington's Mall of America.
The IDS Tower designed by Philip Johnson and the state's second tallest building..
The IDS Tower houses offices of many of top firms in Minneapolis.
The state produces ethanol fuel and is the first to mandate its use, a 10% mix (E10) since 1997, and a 20% mix (E20) in 2013. There are more than 310 service stations supplying E85 fuel. A 2% biofuel blend has been required in diesel fuel since 2005.
In 2002, employment declined more rapidly than in the country as a whole because of the large share of Minnesota workers in sectors most affected by the national slowdown: manufacturing, information technology and airline industries.
Office vacancy rates in metropolitan areas increased from 12.2% in 2001 to 19.6% in 2002, above the national average of 16.5%. On the other hand, having escaped the drought conditions that afflicted many other states, corn and soybean harvests were large in 2002, and Minnesota growers were in a position to benefit from drought-induced higher prices for both crops. The dairy sector, however, faced historically low prices, increasing the number of dairy producers leaving the industry.
Minnesota's employers added 6,900 jobs in November 2007 according to figures released by the Minnesota Department of Employment and Economic Development (DEED). The state unemployment rate fell to 4.4 percent, placing it three-tenths of a point below the national unemployment rate of 4.7 percent.
Throughout 2007, employers have added 2,566 jobs in Minnesota, which reflects an upward revision of October’s jobs by 400. The Minnesota job growth rate is 0.1 percent compared to the national rate of one percent.
As one of 12 regional Reserve Banks that serve as the nation’s central bank, the Federal Reserve Bank of Minneapolis is responsible for making and carrying out monetary policy, supervising and regulating banks and bank holding companies, and providing financial services to depository institutions and the U.S. Treasury.
The complete Minnesota Manufacturing Business Conditions Survey is available at: http://www.positivelyminnesota.com/facts/manufacturing.htm
Minnesota's work force is well educated. Minnesota earned 13th place nationwide in the 2006-2007 Smartest States Rankings by Morgan Quitno Press. Rankings are based on 21 indicators that include student achievement and attendance, strong student-teacher relationship and high school drop-out rates.
Minnesota has the eighth highest percentage of people with college degrees or higher (33.5 percent) among all states, according to the U.S. Bureau of the Census (2006).
Today's FEATURED EVENT is Parade of Homes: Spring Preview.
Though many economists are warning that American economy headed for recession this year, the National Association of Realtors projects "economic growth, increasing existing-home sales, and improving housing demand for 2008" in its latest Housing Forecast, released Thursday, February 7,2008. NAR chief economist Lawrence Yun believes the housing market has been through the worst, and estimates that existing-home sales will start 2008 at an annual rate of 4.9 million, before increasing to an annual rate of 5.8 million in the second half of the year.
Regarding the new home sales, they will continue to decline in 2008 before they will start rising in 2009. This will allow for selling off the access inventory. Global Insight Chief U.S. Economist Nigel Gault says "new-home starts will hit bottom at a seasonally-adjusted annual rate of 850,000 starts in the middle of 2008".
However, if you are in the market for a new home, the pricing and selection couldn't be better. Check the homes available by prices and location by going to http://www.paradeofhomes.org/index.aspx
The Parade of Homes: Spring Preview goes on through March 16, 2008
If you are considering relocating to Minnesota, especially to the Twin Cities, make the move! This is a very comfortable place to live, to raise a family and to make friends.
Come back to the next issue of the Best of The Twin Cities when we discuss taxation and education in our state.
When looking for a property to buy, go to our website at www.LivingInTwinCities.com
Working with Marzena Melby Real Estate Group, Counselor Realty, you'll have a MOVING real estate EXPERIENCE!
Numbers for January 2008
single family homes
Richfield real estate market is waking up from the slumber. Many home owners whose homes are on the market are experiencing more showing activity this week. Here is a summary of the MLS data for January 2008:
Homes currently on the market ( on 2/5/08): 166
Homes listed during January - 50; average list price - $225,447 +1.10% from December 2007
Pending transactions during January - 12: average list price - $209,717 - 1.10% from December 2007
Home sales closed in January - 20; average sale price - $196,834 - 1.27% from December 2007
For a complimentary list of homes for sale or a complimentary market analysis go to my website at www.LivingInTwinCities.com
Market Temperature: Three homes listed in January sold in the same month! Two of them were under $200,000 and the market time was 13 days and 20 days. One home was priced in mid- $270s, and the market time was 19 days.
Sellers, if you are planning on selling your home within the next two to three months, call me for a complimentary market analysis. Hire the agent who has the tools to bring you the right buyer!
Buyers, are you ready? We offer a free consultation to help you determine the timing and the price range. We are knowledgeable about financing options, including first time home buyer programs.
I'm not sure if this activity is here to stay but here's what happened yesterday (Sunday) : phones were ringing "off the hook" yesterday at our office with appointment requests and a couple of agents had several visitors at their open houses. My website has showed increased traffic in the last week, triple that of the week before!
I'm not sure what that means but I like it! Let's keep it going!
First weekend of the New Year. Many sellers are waking up hopeful that warmer than usual weather will bring buyers to their open houses. What's in store for our market this month:
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How do I serve your real estate needs? By having the knowledge and tools necessary to help each and every client in their situation. Get a MOVING Real Estate EXPERIENCE
Use this section to write about your specific areas of expertise. Do you specialize in first time buyers - listing high end homes - etc. Are there specific market area's that you specialize in? The more you write about your area's of expertise the more knowledgeable you'll sound to a potential buyer or seller.
Do you have any good testimonials that clients have provided you in the past? Be sure to add them here.
"Marzena, Thank you so much for all your help buying our dream home. You made this stressful process seemless and almost easy. The negotiation went well only because of your ability to stay calm. We are thrilled with the home and with all the terms. Thanks again!"
Tom and Mariola C.
Plymouth, MN
"Marzena and her team put a great effort into helping us find a great home within a tight time frame and also location and price range requirements. They were absolutely great at communication and solving problems that came up during the process. We will absolutely use them again when it's time to move again."
Keri and John N.
Minneapolis, MN
"Marzena,
Thank you very much for all the work you put into selling my mother's house. My siblings and I are thrilled with the end result. We worked very hard on remodeling our mom's home, and we tried to sell it FSBO, and it didn't work. Your and Joyce's hard work and good marketing brought in enough buyers that the property sold, and it sold for a good price.
Thanks again!"
George T.
Bloomington, MN
"We were so lucky that we had Marzena's team working with us. The loan officer we had been pre-approved by all of the sudden "disappeared": her office phone was disconnected, there was no answer on th cell phone, we never received the pre-approval letter, etc. All-of-the-sudden we found ourselves in the middle of negotiating on a house and not really knowing if we had a mortgage secured. Marzena referred us to an experienced and reputable loan officer, who took charge and saved our situation and the transaction. Thanks Marzena. We love our home!
Jackie and Jeff R.
Richfield, MN
"We called Marzena for a market analysis when we were trying to sell my parents' home on our own. At that time, we had talked to two other agents. Marzena's marketing and property pricing looked far more superior than that of the others. We received great decorating and staging help from Marzena's team, which really helped sell the home. When we finally decided to list, Marzena and her team did a fantastic job, especially during negotiation. We are glad we called Marzena."
Stacy H.
Minneapolis, MN
Marzena,
Thank you so much for all you time, effort and lots of patience that you put into helping me buy my home. The seven months that it took seemed like eternity. Every time we wrote an offer, my heart was pounding not knowing if this was the right home. But, when we found this home, all pieces of the puzzle came together so easily. Once again, thank you so very much. I love my home!
Diane C.
Plymouth, MN
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