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 […]