Twin Cities Real Estate Blog

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Jim Cramer on Tuesday’s show stated that we’re at a housing market bottom nationally (article).  Below is the video of this segment.

While time will tell if Jim Cramer is right, on a local level I’m not ready to call [...]

The Minnesota Association of REALTORS (MNAR) has put together a video overviewing the ethics complaint process.  Take a peek.  If you’d like to file a complaint against an agent, please click here for the form and more information.

In the last two weeks we’ve seen interest rates on 30 year fixed mortgages move from 4.5% to 5.5% (or higher) that’s a big OUCH.  This full interest rate point swing has meant that almost overnight, buyers lost well over 10% of their buying power.  Another way to look at it is housing just got 10% [...]

Betsysoderlund wants the emotional roller coaster that is the Minneapolis real estate market to be less like the cork screw and more like the flume. – @betsysoderlund
This Twitter post last night sums up what many people in the real estate market are feeling right now.  Things seem to be going up, down, left, right and [...]

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.
Under the guidance, FHA-approved lenders can develop bridge [...]

I try to behave myself, I try to keep my emotions tempered so that my opinions can be read and understood without coming off so harsh that people click away before they finish reading.  Well today I just don’t care.  This is a list (though not comprehensive) of the reasons that I’m sick and tired [...]

Ok so I’ve already discussed the surge of multiple offers this year… in fact I just talked about it two weeks ago.  In just the last two weeks I’ve seen even more examples of multiple offers and they are now becoming the rule on properties priced well.  In just the last 2 days I’ve had [...]