In Farmington, school year split into thirds may be the charm

A proposed switch to a trimester schedule next year may give students more choices, use teachers more effectively and raise test scores, advocates say.

A typical day at Farmington High School will be pretty different for students next fall, and not just because they’ll be getting off the bus in front of a brand-new building.

Students at the new high school, slated to open next year, may follow a trimester calendar with fewer class periods in each day if the school board signs off on a schedule change Monday night. The plan, advocates say, would give students more options and use teacher time more effectively, and some think it could boost Farmington’s lackluster performance on statewide math and reading tests by getting help to struggling students more quickly.

The school now follows a semester schedule with seven 47-minute class periods a day. The trimester plan would have students take five classes, each lasting about 65 or 70 minutes, with an optional zero-hour class before buses show up for the regular school day.

In most cases, classes that students now take for a semester would run for a trimester, and yearlong classes would be compressed into two trimesters.

The proposed schedule — and not everybody agrees it’s the best one — came out of a discussion started nearly two years ago by a group of about 20 high school teachers and administrators who have researched the options and taken field trips to other schools. “We found that you can argue any scheduling scenario every which way,” said Shawn Anderson, a teacher who served on the committee. “We also found out there isn’t a perfect schedule out there. Otherwise, everyone would be using it.” 

But fans of the trimester plan point to several benefits:

• Teachers and students would juggle one fewer class in a typical day and — though students would spend slightly less time in most classes over the course of the year — teachers would have more time every day to delve into lessons.

• Students would have more electives because they would fill 15 class slots a year instead of 14, plus any zero-hour courses they might take.

• Teachers would no longer have to spend one period a day on a non-instructional duty such as hall or lunchroom monitoring.

Struggling students also would be less likely to languish for months in classes they’re doomed to fail before getting remedial help, said Lowell Miller, the high school’s assistant principal. If they realize they’re in trouble halfway through a semester, he said, “They have to sit for an entire quarter knowing that there’s no way to salvage a credit.” With a trimester system, he said, “They’ll get a fresh start after 12 weeks rather than 18 weeks.”

The school is months away from finalizing a schedule for next fall, but administrators have some rough plans. Music classes, along with Advanced Placement and College in the Schools courses, would run for all three trimesters, Miller said. And the zero hour could be used for classes such as gym and health, specialized music courses and, for students with a scheduling conflict, extra sections of core subjects such as English.

“We don’t expect that a large number of students will be using very many of those,” Miller said, adding that students who don’t want to wake up early would be able to graduate without ever taking a zero-hour class.

Monday night, the school board also will consider pushing back the high school start time from 7:35 to 8:20 a.m., a move backed by research showing that teens perform better if they can sleep later — and one that would prevent zero-hour classes from starting in the wee hours.

Lakeville, MN - Best Place to Live!

Top 100 rank: 26
Population: 53,000
Compare Lakeville to Top 10 Best Places
Lakeville is a southern suburb of the Twin Cities that has more than 100 years of history. The town treasures an historic downtown that gives it a unique feel compared to other burbs.True to its name, Lakeville boasts three sizeable lakes, two of which provide opportunities for boating and fishing.

It also boasts some of the highest ranked schools in the country (no. 3 on our list) and is home to an industrial park with more than 150 businesses providing about 4,000 jobs

Financial City stats Best places avg.
Median family income
(per year)
$96,156 $93,313
Family purchasing power
(annual, cost-of-living adjusted)
$85,701 $84,802
Sales tax 6.50% 6.60%
State income tax rate
(highest bracket)
7.85%I 5.22%
State income tax rate
(lowest bracket)
5.35%I 2.42%
Auto insurance premiums
(Average price quotes, for the state)
$1,590 $1,854
Job growth %
(2000-2007)
16.98% 18.60%
Housing City stats Best places avg.
Median home price $256,000 $293,712
Average property taxes
(2007)
$2,969 $4,072
Education City stats Best places avg.
Colleges, universities and
professional schools (within 30 miles)
30 40
Junior colleges and
technical institutes (within 30 miles)
25 20
Test scores reading
(% above/below state average)
28.9% 17.3%
Test scores math
(% above/below average)
27.1% 16.6%
% students attending public/private
schools (located within town limits)
96.3/3.7 89.5/10.5
Quality of life City stats Best places avg.
Air quality index*
(% of days AQI ranked as good)
80.8% 76.0%
Personal crime incidents (per 1,000) 13 2
Property crime incidents (per 1,000) N.A.3 25
Median commute time
(in minutes)
22.7 23.0
% population with commute
45 mins. or longer
10.2% 15.8%
% population walk or bike to work 1.3% 3.0%
Leisure and culture City stats Best places avg.
Movie theaters
(within 15 miles)
31 51
Restaurants
(within 15 miles)
1,562 4,141
Bars
(within 15 miles)
132 338
Public golf courses
(within 30 miles)
261 242
Libraries
(within 15 miles)
47 90
Museums
(within 30 miles)
4 11
Ski Resorts
(within 100 miles)
12 13
Arts funding (Dollars per person of state funds spent on arts) 2.1 1.5
Weather City stats Best places avg.
Annual rainfall
(inches)
31.68 36.31
% clear days in the area 26 30
Health* City stats Best places avg.
Has health plan
(% of residents)
92.4% 88.2%
Body mass index (avg. for residents) 27 27
Diabetes rates
(% of residents diagnosed)
9.7% 9.6%
Hypertension rates
(% of residents diagnosed)
22.8% 27.3%
Meet the neighbors City stats Best places avg.
Median age 31.9 36.0
Completed at least some college
(% of residents)
78.7% 73.6%
Married 69.4% 57.5%
Divorced 7.7% 8.3%
Racial diversity index
(100 is national average; higher numbers indicate greater diversity)
31.8 104.0
Amount spent on vacations
(domestic and foreign, household avg. per year)
$8,116 $8,012

 

Article taken From Money Magazine 2008

Thank you for coming to Scottwollmering.com,  this blog is updated several times a week.  For more information on this Twin Cities Real Estate market please see my web site, www.weteam-mn.com or email me at swollmering(at)minnesotahomes(dot)com

Twin Cities Real Estate Market Update for the Week of November 17th

Last week saw the introduction of the “Jesse Ventura Triple D Market.”  The core numbers we track were all Down, Down, Down.  This week?  Just like Jesse didn’t come back as Governor, the DDD market did not return either.  We are back to my favorite DUD Phenomenon in the latest statistics.  As a reminder, we are comparing sales statistics from this past week to those of the same week, one year ago.  Drum roll please…

Down: by 7%, the number of new listings coming on to the market ((1,476 vs. 1,591)

Up: by by almost 17% the number of homes that had accepted purchase agreements–went pending. (629 vs. 538)

Down: by about 9% the total number of active listings on the market.  We stayed below 30,000 active listings for the second week in a row.

For weeks we have been waiting to see the number of buyers actively looking for homes to drop.  This belief was driven by all of the changes that have occurred in the mortgage programs, especially the increased down payment requirement.  Well, not only have we not see the bottom fall out on buyers, but this past week’s pending homes number are the highest we have seen in over a month, indicating that we are not slowing down at all.

We sit in mid-November and the continue to see the number of the homes on the market shriking–moving us even closer to a time when home values will have balanced out.  If we don’t slow down too much during the holidays, we’ll be in great shape for the Spring market.  This is especially important since 40% of all homes sold in a year happen between and April and June.

Thank you for coming to Scottwollmering.com,  this blog is updated several times a week.  For more information on this Twin Cities Real Estate market please see my web site, www.weteam-mn.com or email me at swollmering(at)minnesotahomes(dot)com

Loan Modifications

On the MN Real Estate Show last weekend we talked about Loan Modifications.  Read Rob Bonahoom’s, Investment Mortgage Guy’s blog on this topic.  It could be a great option for you.

A loan modification is a change in your loan terms. A change in mortgage terms could be interest only to fixed rate or it could be a change in the interest rate to reduce the mortgage payment.  Check out Rob’s Loan Modification article

 

Thank you for coming to Scottwollmering.com,  this blog is updated several times a week.  For more information on this Twin Cities Real Estate market please see my web site, www.weteam-mn.com or email me at swollmering(at)minnesotahomes(dot)com

Twin Cities Real Estate Market Update for week of November 10th

Week after week you’ve read my latest way of describing what a DUD market is and why it is a good thing.  So, you’re wondering, just how am I going to explain this week?  I’m not.  Because this past week didn’t have DUD numbers.  Instead was more of a Jesse Ventura plus one market.  You’re thinking, huh?

One of the famously foolish quotes of Minnesota’s ex-Governor Ventura was that if he was re-incarnated he would want to come back as a 40 DD bra.  Well, this week’s stats took that idea one step further–DDD, triple D!

  • Down: The number of new listings on the market by 21% (1,405 vs. 1,779)
  • Down: by 1.4% the number of homes going pending–accepted purchase agreements (578 vs. 586)
  • Down: by 9% the total number number of active listings on the market (29,490 vs. 32,459)

There’s your triple D.  I’m sure there is a much more politically correct nickname for this market, but I couldn’t think of one, so I thought I’d go for the more outrageous one since these statistics came during the same week as the election.  You can send any complaints to ryan@mnrealestateteam.com and he’ll address your concerns :)

So, what does a DDD market mean?  How does this compare to the DUD market that I usually write about being such a good thing?

The only difference between DDD and DUD is the number of homes that had accepted purchase agreements.  The previous week we were Up 17% last week compared to being down 1.4% this week.  As a percentage this is quite a swing.  But, looking deeper into the number we see that the numbers of pending homes one week ago was 602 and this week 578, a decrease of 24 homes.  The real difference was that last year there was a jump from 514 pending sales the previous week to 586 this week one year ago.

Basically, this change is nothing to be worried about.  By itself, it’s a statistical blip, we just need to see that it is not a long term trend which I’ll obviously be covering in the coming weeks if it’s any more than that.

The number I am really excited about is the total number of active listings.  We have broken below the 30,000 mark for the first time in years.  So, while the decline in the pace of pending sales marks a slowing of the overall pace to achieving stability in home prices, the drop in number of active listings is far more important.  Comparing this week’s number to last week’s we find a total drop of 853 listings.  Over the past couple months it has taken 5-6 weeks to achieve an overall decline of over 800 homes.  In other words, this is the single best week on week numbers we have seen since the end of August.  Given the time of year a drop like this is fantastic.  We continue along a trend that will bring a balanced market by the end of next summer, hopefully this will continue through the holidays.

Thank you for coming to Scottwollmering.com,  this blog is updated several times a week.  For more information on this Twin Cities Real Estate market please see my web site, www.weteam-mn.com or email me at swollmering(at)minnesotahomes(dot)com

New MN Real Estate Show Vendor Blog!

The MN Real Estate Show now has a vendor blog.  Some of our participating show vendors post information with industry updates.  See the recent post from Greg Nelson of Olson-Thielen CPAs. Check out the blog at mnrealestateshow.com/Blog

Tune into the MN Real Estate Show every Saturday from 3pm - 5pm on KTLK 100.3

If you are interested in becoming a radio show vendor please contact Nicole at 952-431-0457.

Thanks!

Thank you for coming to Scottwollmering.com,  this blog is updated several times a week.  For more information on this Twin Cities Real Estate market please see my web site, www.weteam-mn.com or email me at swollmering(at)minnesotahomes(dot)com

Will a Bank Pay Closing Costs on a Short Sale?

Do you want to purchase a property that is a Short Sale in MN (the property is being sold for less than what is owed to the bank)? Many people think that the bank, because they are losing money on the sale of the property, will not pay any of the buyer closing costs. This is not true. With my experience in real estate in MN, the offer typically needs to be a reasonable offer, but most banks will pay up to 3% toward the buyers closing costs. If your real estate agent is telling you that the bank will not accept an offer with closing costs, they are wrong!

If you want help finding good deals on homes for sale in MN call the WE Team.  They are not all foreclosures or short sales, they are just very good discounted homes in the Twin Cities.  Now is the time to purchase upper end homes in MN!

Thank you for coming to Scottwollmering.com,  this blog is updated several times a week.  For more information on this Twin Cities Real Estate market please see my web site, www.weteam-mn.com or email me at swollmering(at)minnesotahomes(dot)com

Great Example Why Bigger Government is Not the Answer

I just read a post by Alec Grebis’ on his blog www.TheMortgageScoop.com that still has me laughing.  He shared 2 numbers to me that are just amazing.

We have spent the past year on the radio show talking about all these different Government bailout programs.  Most recently it’s been bailouts for banks.  But, it seems like people forgot that before this there were several bailout programs for home owners with bad mortgages: Hope for Homeowners and FHA Secure.

FHA Secure was launched last fall to great fanfare as the first big step President Bush’s administration took to help.  It was supposed to help over 700,000 home owners get out of their bad loans, specifically people who had been late on their mortgage after their ARM interest rate changes.  So after about one year, how many have been helped?

14,700!  They projected 700,000 and have only helped less than 1% of that.

The big program coming out of July’s Housing bill was supposed to get lenders to write off chunks of people’s mortgage balances.  They projected this program would help 400,000 home owners.  Now, Hope for Homeowners just launched on October 1st of this year so we’ll need to see how it works out.  But after the first two weeks you would be shocked at the total number of applications in the country.

How many?  42.  Only 42 people have applied for a loan program that is supposed to save 400,000.

If the best programs the Government can come up with end up being this useless, I’m not too hopeful their bank bailout program is going to solve any problems either.

Thank you for coming to Scottwollmering.com,  this blog is updated several times a week.  For more information on this Twin Cities Real Estate market please see my web site, www.weteam-mn.com or email me at swollmering(at)minnesotahomes(dot)com

Twin Cities Real Estate Market Update for week of November 3rd

Every week I look at a few of the key market statistics and give an idea of where things are headed.  The key trend to look for is what I’ve named the DUD Phenomenon.  Here are the numbers for the past week compared to the same week in 2007:

  • Down: by 2.0% the number of new listings on the market (1,558 vs. 1,590)
  • Up: by17% the number of homes that went pending–had accepted offers (602 vs. 514)
  • Down: the total number of homes listed for sale is down by 9.2% (30,343 vs 33,400)

So, we continue along the exact path necessary to stabilize home prices in the Twin Cities real estate market.  For several weeks I’ve expressed concern that recent changes in down payment requirements would change the direction of these numbers.  This would appear in the Pending Sales numbers first, because less buyers would now qualify for a mortgage and would not be able to buy.  Luckily, this has yet to happen.

Some positive numbers that also show we are still moving in the right direction:

The Supply Demand Ratio currently sits at 10.72 months.  This measures the number of homes (listings) on the market compared to the number of buyers.  This is a much better ratio than in 2007, when the ratio was 12.45.  This was an increase of 35% from 2006 to 2007.  From 2007 to 2008 this has decreased 13.9%.

The Months Supply of Inventory sits at 9.5 right now, which is slightly (4%) less than the supply for November 2007 which was 9.9.  But, that 2007 number was a 28.6% increase from 2006’s 7.7 Supply number.  What does this number measure?  This means it would take over nine months for the current supply of homes to be bought up based on the current pace homes are being purchased.

The final extra stat to look at is the Housing Affordability Index, which measures home prices compared to the area’s income to give an idea of how many homes are available.  Right now this sits at 159, which is a 21.9% increase from 2007 (which is good).  2007’s Index was 131 and in 2006 it was 133, so the current number is a very different one than we’ve had the past couple of years.  This benefits the Twin Cities real estate market and home sales because more people can afford to a buy now than can the past 2 years.  The challenge is, does the fact that more homes are affordable beat out the challenge created by less people qualifying for a mortgage?  Only time will tell.

Thank you for coming to Scottwollmering.com,  this blog is updated several times a week.  For more information on this Twin Cities Real Estate market please see my web site, www.weteam-mn.com or email me at swollmering(at)minnesotahomes(dot)com

Twin Cities Real Estate Market Update for week of October 27th

We continue our weekly march to market stability across the Twin Cities.  Here are the key numbers for the past week compared to one year ago at this time:

  • Down: by 18% the number of new listings coming on the market: 1,468 compared to last year’s 1,792
  • Up: by 9.6% the number of pending sales (homes with accepted purchase agreements) 618 vs. 564
  • Down: by 9.2% the total number of active listings on the market: 30,343 vs. 2007’s 33,400.

This DUD pattern is what we need to bring price stability to the Twin Cities real estate market.  Having the number of new listings being down and the number of pending sales being up is the fastest way to bring down the total number of listings on the market.  The less homes on the market, the more stability we will have as we transition from a great buyer’s market (preceeded by an insane sellers’ market) to a balanced market which is about 22-25,000 active listings. 

So, we only have 5-7,000 more to go before we get there.  It has taken 15 months to drop the last 5,000, so if that pace continued it would be Janauary 2010.  But we are actually on a faster pace right now, which is what we learn by looking at the first two numbers in the DUD phenomenon.

One of the places this shows up is by looking at the “Months Supply of Inventory.”  This refers to the number of months it will take to completely sell off the current supply of homes.  A balanced market is about a 5 month supply according to the Minneapolis Area Association of Realtors.  We are currently sitting at 9.5 months of supply, which is a 3.9% decrease from the October 2007 of 9.9 months.

Those numbers are across all price ranges.  If you focus on the hottest price range, under $120,000, we are now down to a supply number of 7.2 a 30.6% decrease from October 2007’s 10.4 inventory.  Of course many of those properties are foreclosures and short sales.  Which brings us to the last key number of the week.

The future pace of sales and listing supply will be driven by 2 things: changes in the mortgage industry and the number of new listings brought to market as foreclosures and short sales.  The percentage of the market that fit into one of those two categories continues to grow.  46.2% of all sales in the past week were “lender-mediated” which is a fancy way of saying foreclosures and short sales.

Thank you for coming to Scottwollmering.com,  this blog is updated several times a week.  For more information on this Twin Cities Real Estate market please see my web site, www.weteam-mn.com or email me at swollmering(at)minnesotahomes(dot)com

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