Twin Cities’ Market Update 4.26.11

We are nearing the end of the comparison with last year’s tax credit incentives, which pushed a vast increase in the number of active homes on the market, as well as pending sales, as buyers moved quickly in order to take advantage of the credits. Two weeks after the end of the tax credits, pending sales […]

What Do Homeowners Say About Homeownership?

There is no shortage of experts that want to let us know how Americans feel about owning a home after the collapse of the residential market in the last five years. They MUST be devastated. They MUST feel trapped like prisoners in their own homes. They MUST be sorry they ever bought the house. These […]

Market Update

Market activity can vary greatly from one segment to the next. Although overall purchase activity was down 17.6 percent, the foreclosure segment saw a 31.3 percent jump in pending sales and a 29.9 percent jump in closed sales. Foreclosure prices decreased 11.0 percent to $105,000; short sale prices decreased 6.9 percent to $134,950; and traditional […]

4 Financial Reasons to Buy Now

As Dean Hartman said last week, the purchase of a home is a personal decision. However, we want to give everyone four great financial reasons why you should not wait before taking the plunge into homeownership. Interest Rates Are Increasing Interest rates have increased almost 3/4 of a point in the last six months. Most […]

OK. You Win. Stop Listening to Real Estate Agents!

Each day we attempt to give truthful insight on the current housing market. If we report what is perceived as negative news, some in the real estate community come down on us hard. However, when we explain that we think now is a great time to buy, we get an avalanche of feedback from the […]

Completed Foreclosures Down by Nearly 50% Among Largest Servicers

The nation’s largest mortgage servicers foreclosed on 95,067 homes during the fourth quarter of 2010, a 49 percent drop from the number of completed foreclosures during the previous quarter, according to a new report from two regulatory agencies. The Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS), which […]

St. Louis Park Market Update

St. Louis Park Condo & Townhouse Market Update There are 120 active condos and townhomes on the market today. There were 9 new listings, 3 pending, and 2 sold. So although things are moving slow in this area, they are still definitely moving and buyers are out there in St. Louis Park. It makes sense to see what happens over […]

We have a new niece!

Kerby’s sister, Kassie, and her husband Justin had their first baby, Nori Iris Song. She is an absolute beauty! Click on the video to watch her as she enjoys her first 6 hours of life.

How many distressed homes are there in Minnesota?

  Distressed homes – sold at discount – accounted for a 39 percent market share in February, up from 37 percent in January and 35 percent in February 2010. Forty-two percent of Minnesota’s homes on the market are distressed properties.  Bottom Line: Distressed properties have a major impact on house values in a marketplace. Where […]

Market Update 3.29.11

 The market is much of the same as we’ve experienced over the past months, of trying to compare a year-to-year difference when last year the tax credit incentives skewed the market and speeded up the timing for when buyers purchased homes. Finally things are setting down and since there are no buyer incentives from […]