Two months ago I first called the housing bottom in the Twin Cities and I'm back today to repeat that claim and bring new information that has come out in the last two months: Pre-foreclosure notices have dropped even further, meaning even fewer foreclosures on the market in 9-12 months Sheriff Sales in 2011 declined to the lowest level since 2007 The number of homes for sale are now at 7+ year lows The decline of median sales price from February 2011 to February 2012 was the smallest year over year decline … [Read more...]

What are normally the coldest weeks in the real estate market are this year much warmer than normal, just like our weather.  We've seen huge year-over-year increases in Pending Sales for months now but the weeks ending 12/17 and 12/24 saw 48% more accepted purchase agreements than a year ago.  Those are numbers you just can't ignore.  If/when the temperature drops will we see less buyer activity?  Time will soon tell... if buyer activity does fall then some of this can be chalked up to just the weather.  If … [Read more...]