Home Sales Continue to Grow

Home sales in the Twin Cities continue to show strong year-over-year growth. For the week ending July 9, there were 788 pending sales, an increase of 40.2 percent from a year ago. The amount of signed purchase agreements seen in recent weeks is similar to the activity for the same weeks in the summer of […]

5 Real Estate Headlines You’ll See in the Next Six Months

Making predictions can be the ‘kiss-of-death’ for a blog. Even if we get four out of five correct (80%), there are those in the industry who will kill us on the one we got wrong. We believe strongly that when making a real estate decision for you and your family you must look forward and […]

Northeast Minneapolis Holds the Guinness World Record in….?

Here’s an interesting fact about Northeast Minneapolis that we just learned today: it holds the only block in the the world that is home to FOUR churches. One block. Why? Keep reading… To be precise, the block is the one bounded by 13th and 15th Avenues Northeast and Madison and Monroe Streets Northeast. “This block, avers the […]

Top 5 Real Estate Headlines in the 1st Half of 2011

We have reached the midway point of the year. Today, we want to look back over the first six months and give you what we believe were the five items that have had the biggest impact on the real estate industry so far this year. The Government Wants Out of the Mortgage Business From the […]

Housing Sales Are Up!

More buyers entered into purchase agreements last week than during any non-tax credit year since the peak bubble year of 2006. That is to say the 1,076 signed contracts outpaced all of 2007 and all of 2008! The week ending June 25th enjoyed a 52.2 percent increase over the same sluggish, post-credit week in 2010 […]

What’s been selling in the West Metro Twin Cities?

General Market For the week ending June 18, pending sales in the Twin Cities reached a new high for 2011. The 961 signed purchase agreements were 49.0 percent higher than the same week last year. New listings were down 10.4 percent from last year to 1,534 new homes, and inventory levels are falling at an […]

May Housing Stats Show Signs of Stability

Positive signs of the long awaited housing recovery may be on the horizon according to the May Minnesota Housing Report released by the MNAR. Many experts and those involved in the industry were optimistic about the numbers, especially the Pending Sales figure, which was up 26.2% when compared to transactions in May 2010. “Pending Sales – contracts […]

A Window of Opportunity for House Sellers

There has been much confusion as to where housing prices are headed. Today, we want to give our opinion on this subject for the short term. We believe sellers have a window of opportunity for the next 90-120 days in which to sell their homes for maximum price. We believe there will be increased downward […]

Housing Market – Twin Cities Metro June 2011

General Market New listings last week were down 9.1 percent to 1,572 new properties for the same week in 2010. Increased sales activity in conjunction with stable or falling listing activity should be met with continued market correction, including faster absorption rates, quicker market times and fewer seller concessions. Good news is that pending sales […]

Market Update – Minneapolis and West Metro

General Market Pending sales for May 2011 in the 13-county Twin Cities metropolitan area were up 13.2 percent over last year’s post-tax credit market. Sellers introduced 7,021 new properties to the market, a 10.8 percent increase from the year prior. Inventory shrunk 11.8 percent to 25,636 units—the lowest May inventory count since 2005. The overall […]