What is perhaps most telling of what has been happening in the Twin Cities foreclosure and short sale market so far this year is this chart published last week by...Read More
It appears the low mortgage rates, affordable prices and government programs are combining to create healthy home sales. I keep thinking we will look back on this year as the 'Golden...Read More
According to March statistics released by the Minneapolis Area Association of Realtors last week, March closed sales were up 14.3% over last year. Pending sales were up even more…a whopping 21.3% over last...Read More
In reviewing the February data released this month by the Minneapolis Area Association of Realtors, it seems like February was an eery re-run of January. Although up a tiny bit, total...Read More
NOTE: see Months Supply of Inventory by property type in monthly Market Updates for current comparative information When I start to work with first-time home buyers I am frequently asked whether...Read More
There has been a lot of data released lately, as 2008 summary statistics are compiled. See Average 2006-2008 Minneapolis-St. Paul Sale Price and Percent Foreclosures by MLS Area for some interesting...Read More
Average housing prices in the Minneapolis-St. Paul metropolitan area dropped an average of 13.8% in 2008…but the market is local and there can be big differences from community to community even within...Read More
For some time I have had this image of a giant log jam building…homes for sale piling up…sellers waiting to sell…buyers waiting for indicators that it was time to buy....Read More
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