Archive for 'Community Issues' Category
Helping to Explain the Bailout Issue to Jittery Clients/Consumers
1 October 2008If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!by: Chris Galler, COO - Minnesota Association of REALTORS
Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem. In this [...]
Twin Cities Foreclosures & Short Sales - A Report Analysis
14 August 2008For several weeks now, Jeff Allen (and several others) from MAAR and I have been working diligently to provide an update to our one-of-a-kind research report we released a few months ago. We’ve just released Foreclosures and Short Sales in the Twin Cities Housing Market Q2 2008 Update. The report contains updates to a lot of [...]
Crazy Homeowner - Keep Kids in Private School & Mom at Home, Lose the House
11 August 2008CNBC has a new show called “On the Money with Carmen Wong Ulrich” and I recently saw a segment that drove me nuts. Click here to see the video.
Here’s a summary:
They send one kid to private school ($14,000/yr currently), the 2nd will be in kindergarten next year
Mom stays at home
Mom can start working 2 days [...]
Loose Lending Broke Housing, Tight Lending Keeps it Broken
20 June 2008The several years of “loose lending” by mortgage lenders helped bring a surge of bad loan programs with borrowers that were either overextended from Day One or should have been unqualified to begin with. This surge has now become a tsunami of foreclosures and short sales, which Jeff Allen and I have lumped together as [...]
May 31st Storms
31 May 2008I’ve posted some photos to Flickr of the latest hail storm that came through on Saturday, May 31, 2008:
http://www.flickr.com/photos/27215653@N05/sets/72157605363818571/
Short Sales & Foreclosures in Plymouth and Maple Grove
19 May 2008I took a few hours Sunday to review short sale and foreclosure sales in Plymouth and Maple Grove during the last 10 months and found some interesting information. Before I explain what I found, I want to explain what I looked at:
Homes that were clearly a short sale OR a foreclosed, bank owned home. This [...]
Price Per Square Foot - Lender-Mediated vs Traditional Sellers
6 May 2008As a follow-up to the report I co-authored with Jeff Allen from MAAR, below is a comparison of price per finished square foot between lender-mediated sales and traditional sales.
As can be seen by the chart above, there is a substantial price discount on a cost per square foot basis when you look at lender mediated [...]
Aaron Dickinson and MAAR Publish Report on Foreclosures and Short Sales on Twin Cities MLS
6 May 2008You can find the report here.
Background
In late October I wrote a blog post regarding foreclosures and short sales listed on the MLS in the Twin Cities. Once I started researching this topic, I found that the information I was uncovering was previously unknown in our market and that the trends it offered were very insightful. [...]
So Much to Say, No Time to Say It
16 April 2008I’ve got mountains of thoughts to share with you all but have simply not had the time to write about it. Blogging takes concentration & clarity of thought… two things I have had very little of lately with this busy market.
I’m working with some great buyers & sellers and having a great time but it [...]
REALTORS Looking to be Part of the Solution
17 March 2008Everyone seems to be talking about foreclosures, short sales, and the housing market in general. REALTORS are looking to not only be part of the conversation, but also contribute to the solution.
While some have accused REALTORS of contributing to this mess, which I have to say we did have a role in, we certainly did not [...]