Twin Cities Real Estate Blog

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Star Tribune had an article today discussing how the Metropolitan Council is pushing all cities to encourage water conservation.  The paper profiles Minnetonka and their efforts to curb usage by dramatically increasing water rates for excessive usage.  While [...]

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 a housing market bottom.  I do believe however that foreclosures have price-bottomed in our market.  Unfortunately I [...]

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 [...]

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 [...]

For weeks now I’ve been getting the feeling that we’ve turned the corner on prices in foreclosures.  Today I’m ready to go out on a limb and take the position that prices on bank owned inventory has bottomed and in fact is likely to bounce up some over the next few months. These are the [...]