Market

The biggest factor shaping the housing market in 2013

Housing prices bottomed out early last year, and thanks to what happened the rest of the year we will likely look back on 2012 as the beginning of the housing recovery....
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November foreclosure starts at 71-month low

According to RealtyTrac, national November foreclosure default notices, scheduled auctions and bank repossessions were at the lowest level since December 2006. This is more evidence that we are past the...
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Months supply of inventory continues to drop

Months supply of inventory has been dropped slowly but steadily since March, now down to 3.4 months metrowide according November data released this week by the Minneapolis Area Association of...
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Number of improving housing markets leaps up 61% in December

The number of improving US housing markets took a dramatic leap up to a total of 201 metros in December, according to the National Association of Home Builders'First American Improving Markets Index (IMI)....
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New York and Minneapolis… top 2 cities where it makes more sense to buy than rent

Minneapolis has long been second only to New York City in the arts… now we can add housing to the list. New York has consistently had high rents, but it...
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Shadow Inventory continues to decline

Perhaps one of the reasons Minnesota is surpassing much of the nation in home price gains is because we also surpass much of the nation in mortgage performance. Fewer than...
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Home price gains in the Twin Cities surpass much of the nation

Changes in the Twin Cities median sale price continue to swoop upward, as is dramatically illustrated in the chart below showing the change in median sales price from the prior year...
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Twin Cities Housing Value Index 2004-2012

September market stats are in, and show the Twin Cities housing market is continuing on its recovery path. There is an infographic floating around that shows that national housing values have bounced...
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Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.