Twin Cities Market – March 20, 2012

Buyer activity: up. Seller activity: down. That could soon change if sellers begin to increase their activity levels entering the spring market. They’ve understandably been a tad shy lately, but the changing landscape is starting to register with well-informed homeowners looking to move. Buyers have shown that they refuse to let one of the most […]

Is the Housing Market Actually Recovering?

By the KCM Crew on March 13, 2012 Everyone wants to know if the housing market is truly showing signs of a recovery. There are conflicting headlines every day. One day, we hear sales are up. The next day it is reported that prices are down. Is the real estate market coming back? The answer […]

Twin Cities Market Update – March 13, 2012

By the KCM Crew on March 12, 2012 The last six years or so have been tough on home prices, and even the most optimistic prognosticators say it will take another six years for median sales prices to approach the halcyon days of assured annual value increases for home sellers. Generations of stable home price […]

Bob’s Bottom Line Mortgage Update – March 12, 2012

The Labor Department reported earlier this morning 227,000 net new jobs were created last month – enabling the national jobless rate to remain at a three-year low of 8.3%. Not only was February nonfarm payroll figures stronger than most economists had anticipated, the government upwardly revised their nonfarm payrolls figures for both December and January […]

Real Estate Commissions: You Get What You Pay For

By the KCM Crew on March 7, 2012 Does it make sense to pay a full commission to your real estate agent in today’s market? Sellers, buyers and even agents are debating what should be charged to assist a consumer in completing a real estate transaction. Forget what the actual amount of the commission is. […]

Twin Cities Market Update – March 6, 2012

Those who follow the numbers already know that 2012 is shaping up to be a year of encouraging change in the market. Since all real estate is local, recovery won’t occur evenly across all areas or segments. People are watching closely for signs of bottom and signs of recovery without fully knowing exactly what to […]

Bob’s Bottom Line Mortgage Update – March 5, 2012

It is a very thinly traded day in the mortgage market. The good news is that buyers are currently outnumbering sellers – a condition that is almost always supportive of slightly higher prices and steady to lower mortgage interest rates.There is nothing of consequence on today’s economic calendar so mortgage investors are looking to global […]

House Prices: Window of Opportunity Beginning to Close

By the KCM Crew on February 27 There have been conflicting opinions as to where housing prices are headed. 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 most parts of the country in which to sell […]

Housing Crisis to End in 2012 as Banks Loosen Credit Standards

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one […]

Twin Cities Market Update – February 28, 2012

The week left yet another trail of evidence leading back to a housing market on the mend. This time, the encouraging signs were even less clandestine. Nationally, both new and existing home sales enjoyed improvements. Even some December numbers were upwardly revised. New home sales have real and noticeable impacts on GDP, thus generating jobs […]