Twin Cities Market Update – November 11, 2016

We enter the fourth quarter of the year knowing that the share of first-time home buyers rose for the first time in approximately three years. This fact is driven primarily by healthy job growth, but we need to see more homes entering the market in order to combat the low inventory struggle witnessed during the […]

A Brand New Home!

I first met with Dhawal and Dhwani earlier in the spring to discuss their goals and understanding what would make the perfect home for them. They knew they wanted to be in the coveted Wayzata school district, they just weren’t sure if they wanted new construction or an existing home. We looked at several homes […]

Twin Cities Market Update – November 4, 2016

Even though there are still more than two months remaining on the year, there is little to suggest that the prevailing trends of 2016 will suddenly change. If all holds firm, inventory will trend lower, prices will trend higher and sales will show that demand remains strong, despite having fewer homes to choose from. In […]

Twin Cities Market Update – October 28, 2016

Housing starts may have fallen for the second month in a row, but the cause appears to be an abnormally large decline in the multifamily category. An increase in single-family starts and building permits is a better indicator of a market reacting positively to the prevailing inventory struggle. In the Twin Cities region, for the […]

3.5 Years of Patience Pays off in the Perfect Home!

I first met Eduardo and Arely over the phone when they reached out to me because they were moving to the Twin Cities for Eduardo’s job. They were moving from Wisconsin, but as luck had it during that time, the market in the area they were selling was sorely suffering and they ended up having […]

Twin Cities Market Update – October 21, 2016

Cooling weather and recent interest rate hikes have fewer first-time buyers shopping for homes thus far this fall, just as many existing homeowners are cozying up to the idea of remaining in their current homes a little bit longer. With fewer home buyers and homes for sale, we may see sales and sales prices start […]

Twin Cities Market Update – October 14, 2016

As the struggle to maintain adequate inventory levels continues in much of the country, a number of influences have been named as factors in the housing shortage. One probable cause is the large decline in negative equity on homes that were bought before the recession. As prices continue to go up, those homes are either […]

Twin Cities Market Update – October 7, 2016

An increase in builder confidence could indicate an increase in construction starts in the near future, which would be great news in a time of continued supply constriction. As rents and sales prices throughout the country continue to rise, adding purchasable housing to the market mix over more rentals would help alleviate the inadequate inventory […]

New City, New Job, New Home!

Kerby and I met Jason and Holly when they started their process to move to the Twin Cities from Fargo area. Holly had just been offered a fabulous job as the Children’s Director at our church, and it was very exciting to be able to have the honor of helping them. They have an adorable […]

The Right Place and Time for First Time Homebuyers

When I met with Jay and Nithya I learned they were first-time home buyers quickly and went through all of their questions to make the home buying process easy and less complicated for them. They were looking for a home for their family that was in a good school district along with being in a […]