Michael Hjalmervik, Rochester MN - Realtor

03/06/2026

This is a real issue but if you'd like to try and do something about this I am happy to help you make progress! Costs continue to rise so the sooner you can get started the better. Message me to start the discussion on this now.

The median age of American homeowners has climbed to 57.5 years in 2024, up from 54 years in 2010, even as the overall homeownership rate has remained stagnant at just above 65%. NAR principal economist Nadia Evangelou attributes this shift to younger households entering ownership more slowly or later in life, while existing owners stay longer.

03/06/2026

Good news!

https://6abc.com/post/us-mortgage-rates-drop-below-6-1st-time-4-years/18654222/?ex_cid=TA_WPVI_FB&link_source=ta_first_comment&taid=69a09f444c3284000148cdf6&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwY2xjawQXzuFleHRuA2FlbQIxMABicmlkETFWTjdpWllBTFFjN0RIVm8wc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHlEc4dXvTFjffVgkLqqsJku5a_UZR9yrVPYu4faOYTTOo5TC9OITDDcig3tS_aem_AKvk1WPVnR1omMVrvIkL6A

After the pandemic, a rapid rise in home prices coincided with stubbornly high mortgage rates, shutting out potential buyers.

02/28/2026

For those that are able pick up and move a little, there are still some affordable options out there

02/21/2026

Real Estate Insight of the Day

When speaking with buyers, I often hear the sentiment: “We’re going to wait until prices come down a bit.”

However, when you look closely at the market fundamentals, a meaningful drop in home prices is highly unlikely.

The residential construction industry continues to face a shrinking labor pool. Fewer young people are entering the trades compared to previous generations, which drives labor costs steadily upward—and labor is one of the largest components of homebuilding expenses. This trend isn’t expected to reverse with time.

While material and land costs may fluctuate slightly, those variations are rarely significant enough to create a substantial reduction in overall home prices.

In fact, the cost of a quality two‑story family home has nearly tripled over the past 20 years, and all indicators suggest that prices will continue to rise.

In short: waiting rarely benefits buyers in today’s market.
Carpe Diem, my friends.

02/21/2026

Great day to shop for a new home!!! Or even to just look around. Stop in and see me from noon to 1:30 today and tomorrow at
1816 Robinson Lane NE, Byron, MN

06/27/2025

A price drop is not your only option when the market's slow or the listing's stale. Darryl Davis offers strategies to reboot and relaunch that property.

03/11/2025

Another one SOLD! 7 days. The market is very active already and just getting started!.

This 948 square feet Townhouse home has 2 bedrooms and 2 bathrooms. It is located at 4214 13th Ave NW, Rochester, MN.

02/21/2025

Here is # 2, this is a great starter or investment opportunity for someone! Recently refreshed, new paint, carpet and flooring! Move in ready!

02/15/2025

Listed "Active" yesterday..... SOLD SOLD SOLD today! Who is next? The local market is as fast as ever at the moment.

ML # 6658688 –

02/11/2025

Check out the new listing! Spring is here for the housing market! Great Elton Hills location, This one will go quickly!

ML # 6658688 –

09/15/2024

There is at least one more coming ;-) ......