Predictions for Twin Cities Real Estate
Top 3 Reasons to Sell your Home in 2013…
The Real Estate Market is off to a roaring start! From my perspective and experience, I believe it’s going to be a banner year! I can’t speak for the entire country, but I’m confident in my opinion for our local South of the River Home Sales! Below are my top 3 Reasons 2013 will be a great year if you’re considering “Selling my Home in Apple Valley, Eagan, Lakeville, Rosemount and Farmington Minnesota!” 1) Inventory Levels are [...]
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Twin Cities Real Estate Home Sales October 15, 2012
In between days. The spring and summer selling seasons are well behind us, and the holiday slowdown is well ahead of us (except in some department stores). As the days grow shorter, housing numbers may not be as thrilling as they were in recent months, but the trends remain the same. Compared to last year, sales are regularly up and inventory figures are down, including months of supply. Sales and prices will surely drop, but [...]
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Twin Cities Real Estate Home Sales October 1, 2012
With October just around the corner, 2012 has certainly flown by. The things to be watching for this fall are the same things you’ve likely been watching all year. Changes in sales levels, active listings, market times, seller concessions and, of course, home prices have taken center stage. To showcase just one, home prices may moderate on a month-to-month basis but should continue to demonstrate resiliency in a year-over-year sense. While the economy has been [...]
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Twin Cities Real Estate Recovery in the Media
It’s in the Star Tribune, so now it’s official, the Real Estate Recover is underway! The local news media is reflecting what us front-liners have been seeing for the past 4+ months. I’ve noticed over my 15 years of Selling Real Estate in Minnesota that the news headlines are always about 4-6 months behind the trends we are seeing. I’m not finding fault with the media coverage, quite the opposite! Their coverage is a fantastic sign of the [...]
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Minneapolis and St Paul Home Sales September 4, 2012
We are converging upon an interesting wait-and-see season in residential real estate. All year long, we have witnessed some rather positive year-over-year decreases in inventory numbers and increases in sales, percent of original list price received at sale and median sales price. After many years of struggling to tread water – and, indeed, often failing to do so – there is hope. With quieter autumnal and winter months looming, we will be giving extra scrutiny [...]
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Summer Real Estate Roadtrip – Are we there Yet?
Where has the Twin Cities real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity. Narrated by Jennifer Cutter (2012 Treasurer, Minneapolis Area Association of REALTORS®), video produced by Chelsie Lopez. |Just click the embedded clip below:
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Minneapolis and St Paul Home Prices August 11, 2012
Do you hear that? It’s the sound of carts shifting through the back-to-school aisles, filling quickly with notebooks and pencils and glue. It’s the sound of teenagers shuffling through dorms and down storied lanes on their first college orientation. It’s the sound of young professionals readying themselves for their first big job, freshly shorn and tailored. It’s the sound of a family preparing for the leap from the overcrowded apartment to the “starter” home that [...]
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Is the Market ready to Sprint? Strap on your Running Shoes!
Where has the Twin Cities real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity. Narrated by Greg Sax (Director of Communications & Product Development, 10K Research & Marketing | a division of Minneapolis Area Association of REALTORS®), video produced by Chelsie Lopez. | CLICK HERE to view in a separate window or just click the embedded clip:
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Are home prices in Minneapolis going up?
The number of sales has increased in the Minneapolis and St. Paul metro areas over the past 12 months, according to the data published in The Thing by the Minneapolis Area Association of Realtors. The Thing is a powerful graph with various data points which you can control, I find it fascinating to watch the various trends. Yes, I said fascinating, that is how much of a Real Estate geek I am… I see great news in [...]
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Weekly Market Activity Report June 18, 2012
The report card for this week showed higher grades than last year at this time for both buyers and sellers. Activity levels are higher on both sides, which is indicative of recovering confidence in the local market. Prices in certain areas have already turned a corner, and it is not unreasonable to expect a continuation of this trend. As summer begins to swelter, also keep a watchful eye on active listings, absorption rates, days on [...]
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