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Twin Cities Housing Forecast: It's November in June!

Twin Cities Housing - Pending Sales 6-21-2010

(image courtesy MAAR) The anemic Twin Cities Pending Home Sales figures posted the last 5 weeks are both expected as well as disappointing.  While us REALTORS all knew that things post-tax-credit would be slower, I for one am rested and ready to really get back at it.  If we compare pending home sales since the expiration of the tax credit with historical sales for the same period, we find that the most recent weeks are more typical of November than June.  That chill on sales activity is certainly being felt. … [Read more...]

May 2008 Twin Cities Market Stats

MAAR 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 Market Stats for May 2008 with commentary. … [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.