Guests - If You want access to member only forums on HSO. You will gain access only when you sign-in or Sign-Up on HotSpotOutdoors.

It's easy - LOOK UPPER right menu.

Sign in to follow this  
Followers 0
chasineyes

Housing Turnaround?????

10 posts in this topic

Wondering if anyone else has noticed an increase in building activity. In shakopee it seems like their throwing up houses like it was 2004. All 4 lots behind me are staked out and most of the development by the high school is staked and being dug. I guess at $180,000 the price is finally getting right?

Share this post


Link to post
Share on other sites

I would say that most likely what your looking at is just a small spike where somebody has been able to purchase a few lots for very cheap, and then with labor prices so low, is able to sell a lot of square footage at a very reasonable rate. I would definetly not say that there is a turn around but a few builders who are capatalizing on today's cheap lot prices and labor prices are able to move a few houses. Unfortunatley, at the prices they are selling houses at there is very little money in it for them, and even less in it for their subcontractors, many of whom will not make enough money this summer to survive another terribly slow winter.

Share this post


Link to post
Share on other sites

Chasineyes,

You're right there is a little bit of movement going on but the builders finally had to realize that the artificially inflated prices they were asking for those homes 3 and 4 years ago isn't going to work anymore. They are starting to set their homes at a reasonable price point that will eventually lead to some houses being built and bought. Now if the banks would release some of their "borrowed" money and start things moving we could eventually get out of this mess.You really don't realize how much the housing industry drives this country until you experience what we have had to deal with the last year and a half.

Share this post


Link to post
Share on other sites

Two people I know of have just sold their homes in 8-10 days. These are decent but not fancy homes, and not real expensive. One is moving to bigger house, the other was a rental and he is buying another rental.

It just surprised me it only took that amount of time. Hopefully pricing is back in check and things will get better. Once the bank owned properties get off the market, I thik it will come back even better. Not like 2004 of course wink but hopefully get normal again, for all our sakes...

Share this post


Link to post
Share on other sites

I have noticed that allot more FOR SALE signs have SOLD on them lately.

Share this post


Link to post
Share on other sites

Series in the StarTribune started yesterday about the recession and how things are going to change and maybe stay that way. Intersting read.

The decent starter homes are going well according to a realtor friend. The foreclosure data continues to make things look grim but I think those numbers should be isolated out of the info to give people a real picture of what is going on. Have to break this fear hold somehoe.

Share this post


Link to post
Share on other sites

The houses in my development have sold within 3 weeks of being for sale. Those were priced in the 200-300 thousand range. I have one being built behind me and digging for another started.

I live in a small town in Iowa and was lucky to get the small house in the biggest neighborhood.

When my home was built houses had to be worth 85,000 to be in the area...9 years ago. Now a house has to be worth 200,000.

Yay me!

Share this post


Link to post
Share on other sites

Noticed homes in the neighborhood next to ours had a bunch of sold signs in the last 3 weeks. My neighbor sold her house in 6 days in the mid 200's. She priced it a little low to move it but I dont think she was hurting for $ by any means. Hope the new neighbor is able to keep up the yard and gardens that she put about 40hrs a week into.

Share this post


Link to post
Share on other sites

I have had 3 houses sell in my neighborhood in the last month, 2 of them have been empty for over a year.

Share this post


Link to post
Share on other sites

I think that the market is definitely seeing more action. However, I wouldn't expect prices to begin stabilizing or moving upward unless unemployment numbers stop rising. Even then, when those unemployed people find new jobs, they're more than likely going to get paid less, which means they can afford less and so housing prices will match that trend.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0



  • Posts

    • The Schrillary reich didnt compromise Bernie? And when hasnt the biased media compromised an election in recent memory? Nick is a hack and consistently posts 2nd grade propaganda, hes sold out to the party. They've been exposed and are resorting to extremes.  They went all in with obama and got called, he had far more to do with the outcome of the elections than anything  leaked by anyone.  Now its the fake blame game, humorous to say the least.   Snowflake butthurt apparently leads to desperation.
    • Really??? Catfish is my favorite fish.
    • I suspect you haven't visited this year or seen the reports.     And, for the record, I didn't say I was catching "tons" on Mille Lacs, but it was the best lake I've visited in the last two years.  And it wasn't even close.    
    • I think Schells is Minnesota's oldest brewer, so they must be doing something right.   I know some guys from New Ulm, and they all drink Schells.   That's how I got turned onto it in the first place.  Never got burned out on it, though..
    • Sink or swim? I am sure that some of you have heard that if you put seeds in water the ones that sink are better then the ones that float. I have heard this from the old guys but I have never tried it myself. Well I found myself with some radish seeds and I decided to pour them into a cup of water and sure enough about half sunk to the bottom while the rest floated. I got out a bowl and filled it with coconut husk planting mix and put the floaters on one side and the sinkers on the other. I am now waiting to see what side comes up first or if both sides will come up at the same time.   Any comments? Has anyone else heard of this and does anyone check their seeds before planting?
    • Maybe he's just hungry............    
    • Catfish!! I haven't had that in about ten years! Dang, that looks good! 
    • All day long you sit here and demand answers from everyone else but you never answer anyone else's questions. I wonder why that is?    
    • I would guess even Fletcher would say Stall has passed all expectations. I will give credit to Fletcher for building this team from absolute zero, we had almost no skill or prospects when he took over,  sure it took longer than we wanted but right now it is worth it. No doubt luck can play a roll, most GM's don't have a Suter, Parise, Stall & BB fall into their lap but quality drafting and development are also paying big dividends right now. We also have a lot of high end prospects that can fill in for the vets in the coming years. A cup is still a long ways away but this year is probably the best NHL team the state has ever seen.
  • Our Sponsors