Archive for 'Market Stats' Category
Minneapolis Area Association of REALTORS Monthly Video Update
16 June 2008If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Take a look at some great commentary by MAAR. The numbers are clearly showing a peak of inventory and a bottom for buyer demand, so we see “strength” in numbers that are no longer continuing to soften. This market [...]
May 2008 Twin Cities Market Stats
12 June 2008MAAR has released their new market stats for the month of May and I’m trying a new idea: I’ve added commentary to the report expressing what I believe are the important “take aways” from the data. I would love to get feedback both on the concept and your thoughts of my opinion.
Minneapolis/St. Paul Real Estate [...]
Minneapolis/St. Paul MLS Addresses Foreclosures & Short Sales… Kinda
10 June 2008The RMLS of Minnesota, which is the governing body of the MLS in the Twin Cities and is owned by the 4 local REALTOR associations, has made some policy changes in regards to the reporting of foreclosures on the MLS, effective on Thursday:
The “In Foreclosure/Lender Owned?” field:
Initially will be an agent-only field (not available on [...]
Great Article on Future ARM Resets for Loans
5 June 2008Great article talking about how ARM mortgage resets happening right now are not so bad but that there’s still a lot of ARMs out there in future years that might have a problem. I’ve heard quite a bit of this before but this is a pretty good summary of it all.
http://globaleconomicanalysis.blogspot.com/2008/04/closer-look-at-arms-reset-problem.html
Here comes statistics in a video
2 June 2008Jeff Allen @ the Minneapolis Area Association of REALTORS, my good pal after the months of working on the Lender Mediated Sales Report together, has started what looks to become a once-a-month summary video of the highlights from the MAAR reports. Granted the info discussed is all the positive stuff, but hey, that’s what a good marketing campaign is [...]
Twin Cities Housing Inventory Down vs. Last Year
19 May 2008Since early this year, the Twin Cities housing market has been making strong gains towards a level of what I call “peak inventory.” What I’m describing as peak inventory is the point where we see the number of houses for sale today at a level lower than last year. Well, we officially hit [...]
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 [...]
Q&A - How Long Should it Take to Sell My Home?
9 May 2008According to the RMLS’s analysis of the 13 county Twin Cities metro area, the average home is selling in 165 days. But also according to the RMLS, that home is only selling for 91.7% of original list price.
Now I’m not 100% sure on this, but my feeling is that most sellers would prefer to sell [...]
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. [...]