DIY Guru Gets Broker Help

A founder of a website dedicated to direct sales of homes by their owners has sold his two-bedroom apartment in Chelsea for $2.15 million—with the help of a real-estate broker and a standard 6% commission. Colby Sambrotto, a founder and former chief operating officer of ForSalebyOwner.com, a large website for owner sales, spent six months […]

June Pending Home Sales Rise

For the week ending July 23, Twin Cities home-buying activity increased 54.3 percent while home-listing activity declined 13.2 percent compared to the same week in 2010. Buyers entered into 1,040 purchase agreements while sellers brought 1,380 new properties onto the market. According to the NAR, “Existing-home sales this year are expected to total 5.0 million, […]

Balance Lies Ahead in MSP Housing Market

Twin Cities home sellers brought 1,478 properties to the market, or 8.7 percent fewer than the same week last year. Buyers signed 1,064 purchase agreements, or 59.8 percent more than last year. That’s the largest year-over-year increase in pending sales since the third week in November 2008, greater than any single week during the 2009 […]

Why They Are Saying to Buy A Home Now

Despite what appears to be a non-stop wave of tough news regarding real estate, four major media players have come out this month with the same advice: It Is Time to Buy a Home! Here are the four articles and a breakdown as to why the advice makes sense. The Wall Street Journal: Why It’s […]

What is the housing market like?

Overall Market:  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 […]

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 […]