Fish Lake Fun!
Back in August, I had the joy of helping a young couple buy their first home. I learned a lot about them and their preferences during our initial consultation, which led us to many great options. We pursued a couple different homes for a while, and had one snatched away by another buyer before there […]
4 Tools to Help You Clear Your Yard of Fall Debris
Just for fun, take an inventory of all the leaf removal tools cluttering your garage. If you’re like me, you’ve got a half-dozen rakes of different sizes and materials, a couple of blowers in various states of repair, and a couple of infomercial gadgets that promise to make annual leaf gathering faster and easier. In […]
Average Delinquency+Foreclosure at 599 Days
The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That’s a record for the company’s regular monthly study on mortgage performance trends. At the end of July, LPS counted 2.2 million loans in foreclosure and nearly 1.9 million that were over 90 days past due but […]
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, […]
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’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 […]
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 […]