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 […]

A wonderful experience!

Kerby and I had the opportunity to help our friends, Dan and Jen, purchase their first home. We had a great personal consultation at our office, going over their questionnaire and discussing their needs, priorities and desires for the home. After setting them up on a pesonalized home search, we did the rounds and checked […]

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 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 […]

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 […]