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Crystal Ball – Foreclosure Prices Have Bottomed in Twin Cities

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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 reasons why I believe we've come to this moment: Inventory is Falling (image courtesy MAAR) From February 1, 2009 to April 1, 2009 the inventory of lender mediated (short sale and bank owned) listings has fallen by 1200+ units... a … [Read more...]

Q&A – How to Spot a Recovering Housing Market

I hear buyers, sellers, lenders, real estate agents and the community as a whole rhetorically ask when we'll see the housing market recover.  Unfortunately putting a timeline on a housing recovery is pretty unrealistic as there are simply too many variables to account for.  But all is not lost!  While I cannot predict when the housing market will recover, I can give you trends to watch for that will signal a turnaround and their current indicators. Falling Inventory Supply & Demand 101: if demand has fallen … [Read more...]


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This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.