Twin Cities Real Estate Blog

Last week was a notable week for those data buffs among us – HousingLink released their 2009 Foreclosure Report and the Mortgage Bankers Association released their quarterly delinquency survey.
As Chris Snowbeck from the Pioneer Press notes in a recent article, the HousingLink data is good news but can’t be considered a sign that the foreclosure [...]

Bumped into a blog post from the folks at Smart Politics regarding the RealtyTrac foreclosure data released for November 2009.  I was stunned by their quote that the foreclosure rate is up 56% in Minnesota in the last year.  I heavily track foreclosure activity and haven’t seen nor felt that amount of increase.  At first I [...]

MAAR’s Foreclosure and Short Sale Report (FSS for short) has been updated for November 2009.  Since October we are now publishing this report MONTHLY and have broken out foreclosures, short sales and traditional sales separately.
There is a TON of information in here to see but some of the big items of note:

Foreclosure/REO new listings are [...]

Another day, another tax credit extension proposal.
So the latest idea still includes an $8000 tax credit to 1st time buyers and a $6500 tax credit to repeat buyers that have owned their previous home 5+ years.  While it doesn’t say it in the CNBC article, I have heard from other sources that the proposed extension [...]

Most of my buyers are NOT housing experts… they are “regular people” and are experts in whatever field they work in but not in real estate.  That’s just fine because that’s why people like me have jobs doing what we do!  One of the most frequent topics that comes up is the differences between traditional [...]

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 [...]

10 months after the Minneapolis/St. Paul area MLS (RMLS of MN) made available the somewhat-useful-but-really-bastardized-lender-mediated-mls-field and 14 months after I started openly pushing for specific fields, they have now come to see the light and are redoing the fields as three separate and distinct fields that address each of the major questions/problems of lender mediated listings:
Three [...]