Comments on: Q&A: When Will the Twin Cities Real Estate Market Hit Bottom?

By: Rich G.

Rich G. — Wed, 09 Apr 2008 17:44:17 +0000

I’d be surprised if they do. Good intentions and political grandstanding tend to stick around.

By: Aaron Dickinson - Edina Realty

Aaron Dickinson - Edina Realty — Wed, 09 Apr 2008 16:10:05 +0000

I agree. The Legistlature’s plan for “helping” could really hurt the entire Twin Cities market. I’m hoping to write about that as well but have been hoping they’ll drop it.

By: Rich G.

Rich G. — Wed, 09 Apr 2008 15:01:22 +0000

It’s amazing how important this question has become. You know the housing market is bad when the city actually devalues your house for property tax purposes. It’s making the credit squeeze even more problematic, and definitely reducing mobility for many folks looking to make a move, in the market or otherwise.

That said, I think some of the plans to address the real estate problems in the legislature are incredibly shortsighted.

By: Twin City Real Estate Chat ~ Jeanie Hoholik

Twin City Real Estate Chat ~ Jeanie Hoholik — Wed, 09 Apr 2008 03:34:25 +0000

I have waited a couple of days to see if any Realtors commented on this specific post.

My thoughts are that your opinions are correct.

However, I am not one to best guess the market. I analyze it carefully. I keep my clients posted constantly as to what is being bought and sold in their neighborhood. Stats speak for themselves. My clients are privy to everything that happens in the market. I make darned sure of it. We go over it together, home by home. We physically preview, talk about it, then we make a move. No crystal balls, no air plucking, no sweet talk, no bones about it. If we have to chase the market, then we go for it. My clients rely on me. I owe it to them to show them what’s really going on in the market. ~ Jeanie