Torey’s hosts Eggs n’ Economics event focused on housing – Southernminn.com
Local lenders and realtors gathered at Torey’s Thursday morning for an Eggs n’ Economics event. The brunch and presentation was an update to help educate and discuss the current housing situation and outlook for Owatonna.
Three panelists were present, including Troy Klecker, Greg Kruschke and Eric Brownlow. Ryan Gillespie, mortgage broker with Bremer Bank, facilitated the meeting and opened by explaining that she and the panel felt it was important to find a way to bring everyone together to share some valuable information and allow for questions to be posed.
Brownlow, who is the chief executive officer and government affairs director of Southeast Minnesota Realtors, said, in the Owatonna area, market trends began to plummet after the shutdown in 2020 due to the COVID-19 pandemic.
“We’re seeing homes on the market selling in an average of 23 days,” Brownlow said. “There’s been a pretty steady decline in this since 2013, and the median selling prices are also jumping.”
The trends in…
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