Burnet Realty announces 1994 sales numbers.MINNEAPOLIS and ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--Feb. 14, 1995--Burnet Realty today reported 1994 sales volume of $3.615 billion and a total of 31,188 sales transactions for the year. The company's average transaction selling price was $115,900. Burnet burnet, hardy perennial herb of the family Rosaceae (rose) found in temperate regions, usually with white or greenish flowers. The European species are sometimes cultivated for the leaves, which are used in salads, for flavoring, and formerly as a poultice to stop Financial Group Vice Chairman and President Dar Reedy reed·y adj. reed·i·er, reed·i·est 1. Full of reeds. 2. Made of reeds. 3. Resembling a reed, especially in being thin or fragile: says the numbers show the real estate market continues to be strong in the Twin Cities and other cities which Burnet Realty serves. "Our 1994 results show continued consumer confidence in the economy and in our market areas," said Reedy. "One problem we encountered with the real estate industry in 1994 was a drop in the availability of resale inventory." In reviewing other notable influences on the 1994 real estate market, Reedy remarked that consistently low interest rates over the last few years brought large numbers of first-time home buyers into the market. Even though interest rates rose in 1994, they were still comparatively low, allowing many first-time buyers first-time buyer n → persona que compra su primera vivienda first-time buyer n → personne achetant une maison ou un appartement pour la première fois first-time buyer to purchase a home. Burnet Financial Group Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ralph Burnet speculates that the rise in interest rates during 1994 may have slowed the move-up market, causing the reduction in homes available for resale. "Move-up sellers and buyers tend to have a `wait and see' attitude when there is volatility in interest rates," said Burnet. "A steadying of rates in 1995 should result in more consumer confidence for existing home buyers who want to trade-up to larger homes, and ultimately, in a larger resale market." Burnet Realty is the number one homeseller in Minnesota and the third largest independent real estate broker in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Burnet has 40 sales offices in Minnesota - including the Minneapolis-St. Paul area, Rochester, St. Cloud, Buffalo - and western Wisconsin. Burnet Financial Group, including Burnet Realty, First Security Title, Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km). Mortgage, Burnet Insurance and Burnet Relocation Management has more than 2,700 sales associates and employees operating out of 54 facilities. CONTACT: Burnet Realty Linda Goldstein, 612/844-6336 |
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