Below you will find my predictions from a January 7, 2010 blog post and my comments on each of those predictions as of August 24, 2010:Foreclosures will continue to come on the market and many will be scooped up quickly with multiple offers. Correct! This has been the case so ...
Housing News, Opinion, Statistics and Homes for Sale
Category Archives: Market Stats
Twin Cities Sudden Buyer’s Market
In just a few short months we've seen the number of houses available for sale per buyer (8.64) climb to levels we have not seen since late 2008 and up a whopping 63% from August last year!
The Post Tax Credit Property Purchasing Plummet
Have we found the "New Normal" in Twin Cities real estate activity? I have to image we have. For more than 3 months we've seen showing activity down 35% - 40% from the year prior:Twin Cities Pending ...
2010 Twin Cities Pre-Foreclosure Notices up 20% vs 2009
The Minnesota Home Ownership Center has been tracking pre-foreclosure notices received by foreclosure counseling agencies throughout Minnesota and just posted some updated charts that show 2010 pre-foreclosure notices are consistently higher than the same time frame in 2009. Through June 2010, notices are up a considerable 20%:
1300 Sellers in Twin Cities Waiting for Lender Short Sale Approvals
Based on my personal analysis of our local MLS database, approximately 1300 Twin Cities sellers and at least as many buyers may be waiting for their offer on a short sale property to be reviewed and accepted/rejected/countered by the seller's lender(s). The number of buyers waiting for answers may be substantially higher than the number ...
Aaron Dickinson
Edina Realty
1-800-941-0959
Licensed in MN
