Latest Blog Posts
Minnesota Foreclosures Continue Decline…
HousingLink just released their latest foreclosure report showing the strong declines in sheriff sales continues. Once a sheriff sale has occurred, most properties will be listed by the bank that took it back 7-9 months later. Consequently, … [Read More]
Housing Market’s Virtuous Cycle…
The housing market has come roaring back in many markets throughout the U.S. and some have been questioning whether the surge of activity we're seeing has staying power. In many markets, from 2008 through much of 2012 we saw that nearly half of home sales … [Read More]
Twin Cities Preforeclosure Activity Remains…
The Minnesota Home Ownership Center released their quarterly preforeclosure notice data and the new is overall very good. Preforeclosure notices did tick up in the Twin Cities in Q1 2013 however the level remains less than half of what it was in the … [Read More]
Twin Cities Pending Home Sales 2nd Highest…
Twin Cities pending home sales for the week ending April 20th, 2013 surged to their 2nd highest level in more than 7 years. In one week, 1,337 homes went under contract, which was the highest level since August 2005 except for a single week in 2010 when … [Read More]
What will you do in a multiple offer…
With the strong activity and low supply we're seeing in the Twin Cities, it is important for sellers to discuss how multiple offers will be handled BEFORE they come in. When discussing this with your agent, here are a few important questions to … [Read More]
Old School Real Estate: Communication…
As the tightest Twin Cities housing market in the last decade continues, houses are selling left and right in multiple offers and leaving many buyers disappointed. Regularly I am hearing stories of situations that went bad mostly due to poor agent to agent … [Read More]