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Rising home prices helped lift 1.7 million homes above water in 2012 according to a report released by real estate data and technology firm CoreLogic. As of December 31st, one in every five homes were still underwater. CoreLogic believes that another 5% increase in home values would lift an additional 1.8 million homes into positive equity. Home owners who were thinking about selling held off because ...
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Does this Minnesota winter seem longer than normal? Well that's because it has been! The average temperature for this time of year in Minneapolis is in the mid fifties! This drawn out cold weather is not slowing down home buyers though! Spring is one of the busiest times of the year for home buying activity, the low inventory levels are driving some competition in the marketplace! If you are buying ...
There will be a Home and Garden show on Saturday, April 6th! This event will feature over 100 vendors from the area, representing many different companies and proffessions. Also, there will be animals from the MN Zoo, plenty of activities for the kids, free ice cream, and free seminars! Come to this Home and Garden show for free, no addmission charge! For more information about this event click here.
Have you ever been to the Parade Of Homes? If you have, you are probably just as excited as I am right now! If you have never participated in the parade of homes, you are missing out, and you need to mark a day on your calendar and go to the parade!
The Parade Of Homes is an event that spans from March 2nd to the 24th. During this time, home builders throughout the Twin Cities will have their ...
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The world is constantly being changed by technology, the iPad is becoming a must for real estate agents. Could robots be the next must? A recent article from inman news showcased five ways that robots could change the real estate business.
The first showcased robot is a telepresence robot made by Double Robotics. This robot basically allows you to be in two places at one time! It requires two ...
The number of new listings was down in 143 of 146 metro areas this January. The listings inventory fell to a six-year low according to a monthly report from Realtor.com. Supply is low, and with the economy coming back strong, home buyers who have been patiently waiting to buy, are now ready. Supply of homes is dropping, and the demand for homes is rising. That means one thing, higher prices!
Inventory ...
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Changes in the real estate market are happening, and the recovery of the market is becoming more publicly known. Since last January, the inventory of available homes in the twin cities has gone down 32.2%! The recovering economy and low interest rates means more people are looking to buy houses, therefore, demand is rising. If you aren't sure why this is significant, it means that prices are rising! ...
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The Minneapolis Association of Realtors website offers a very unique tool to help people learn about the real estate market of the twin cities. This tool is great for everyone from home buyers and home sellers, to real estate investors, to individuals who just want to learn more about the market. This tool is appropriately called, "The Thing".
"The Thing" lets you search for information on any ...
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This year has brought sustained turnaround in a variety of areas, with St. Louis Park being one of them. According to the local market update provided by The Minneapolis Area Association of Realtors, St. Louis Park is seeing some positive improvements compared to this time last year. The average sales price in the area has increased by 16.6%, the number of sales closed has increased by almost 40%, ...
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Buyers often ask when is a good time to buy, and one thing I always tell them to look at is housing affordability. This housing affordability index measures housing affordability for the Twin Cities region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability. ...