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Edina Realty Changed Listing Syndication

May 9, 2012 by 2 Comments
zillow-trulia-realtor

In November 2011 Edina Realty made the decision to discontinue syndication of its listings to Trulia and REALTOR.com.  Over the last few years these syndicators had changed their tactics to the detriment of the listing brokers and Edina Realty had finally had enough.  While Edina Realty never syndicated to Zillow, Zillow most certainly has the same issues. This pullout by a large broker, the flagship broker of HomeServices of America (the second largest broker conglomerate in the country), created quite a … [Read more...]

Filed Under: Featured Blog Posts, Opinion Tagged With: , ,

House/Condo/Townhome Rentals Coming Soon to Twin Cities MLS

August 2, 2010 by Leave a Comment
for rent

The Minnesota Association of REALTORS is preparing to release standardized forms to allow REALTORS in all of Minnesota to more easily represent both landlords and prospective tenants in leasing situations and simplify transactions across different brokerages. Further, for those REALTORS serving the St. Cloud, Twin Cities and Western Wisconsin areas, NorthstarMLS is putting the final touches on the computer systems that will permit its members to easily enter for-rent properties into the MLS for searching by other … [Read more...]

Filed Under: Landlord, Rentals, Tenant Tagged With: , , , , ,

1000's of Pending Home Sales may be Missing from MLS Reporting

October 6, 2009 by 3 Comments
MLS Shadow Pending Inventory

The Minneapolis Area Association of Realtors has a fantastic assortment of stats that are published on weekly, monthly, quarterly and yearly cycles.  These reports are based off the listing data provided by our local MLS, the Regional MLS of Minnesota. As anyone who works with data knows, the statistics you create are only as good as the data underlying it - also known as: "garbage in, garbage out." The RMLS has several different statuses for MLS listings like: Active, Pending, and Sold.  As anyone in the … [Read more...]

Filed Under: Foreclosures and Short Sales, Info for Buyers, Info for Sellers, Market Stats, MLS Compliment & Criticism, Opinion, Personal Experiences Tagged With: , ,

What Does "Not Disclosed" Mean Anyway?

June 8, 2009 by Leave a Comment

Over 40% of the sales in the Twin Cities currently occurring are foreclosures or short sales, what we at MAAR call "lender mediated sales." The RMLS of Minnesota recently revised their fields regarding foreclosures and short sales (after a year of much confusion over the old fields) and we now have separate fields for in foreclosure, short sale and "lender owned."  This is great, but one place it really falls down is the 3rd option allowed for these fields... "not disclosed." In Foreclosure To be honest, I don't … [Read more...]

Filed Under: Foreclosures and Short Sales, MLS Compliment & Criticism, Opinion, Personal Experiences Tagged With: , , , ,

Short Sales are "Liar Listings" on the Twin Cities MLS

August 26, 2008 by 8 Comments

Short Sale Definition: a home sale where the seller owes more than what the home is worth and is asking the lender(s) to accept an amount that is less than the amount owed to them as payment in full. The same problem continues to come up day after day and I finally have the time and focus to sit down and write about it.  For the last year now, short sales have become a common type of listing in our market and in markets around the county.  A short sale is a "Liar Listing."  In most circumstances, the seller and … [Read more...]

Filed Under: Foreclosures and Short Sales, Info for Buyers, Info for Sellers, Market Stats, Opinion, Personal Experiences Tagged With: , , , ,

Minneapolis/St. Paul MLS Addresses Foreclosures & Short Sales… Kinda

June 10, 2008 by 2 Comments

The 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 Customer reports or on public Web sites through Broker Reciprocity). Options are: Yes, No and Not Disclosed For NorthstarMLS, Foreclosure is defined as the homeowner being … [Read more...]

Filed Under: Foreclosures and Short Sales, Info for Buyers, Info for Sellers, Market Stats, Opinion, Personal Experiences Tagged With: , , , , , , ,

Aaron Dickinson and MAAR Publish Report on Foreclosures and Short Sales on Twin Cities MLS

May 6, 2008 by 1 Comment

You 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. I shared this first-step research with Jeff Allen from MAAR and we decided to work together to explore it further. The hardest part of this whole research project was developing the … [Read more...]

Filed Under: Community Issues, Foreclosures and Short Sales, Info for Buyers, Info for Sellers, Market Stats, Opinion, Personal Experiences Tagged With: , , , , , ,

Foreclosures & Shorts Sales Should Be Classified As Such on MLS

February 28, 2008 by 3 Comments

There's a lively discussion going on in our office regarding foreclosures and short sales and their impact in this market.  I was going to call it a debate but typically a debate has two opposing viewpoints whereas of the people I've spoken to, we all seem to be in agreement: the MLS should add a flag for foreclosures and short sales. Right now most agents do disclose if their listing is a foreclosure or short sale by saying something in either the Agent Remarks, Public Remarks, or Financial Remarks.  The … [Read more...]

Filed Under: Info for Buyers, Info for Sellers, Market Stats, Opinion Tagged With: , , , ,

Coming Soon to the Twin Cities – 10,000+ More Homes for Sale

January 23, 2008 by 1 Comment

Every week I look over updated stats from the Minneapolis Area Association of REALTORS to see what new things I can learn from them and I've found another interesting thought: As of 1/22/2008, the Twin Cities region has 12.2% more listings today than we did a year ago.  The 3-month average is 10.8% higher this year over last as well, so this is clearly a solid trend. June 2007 to September 2007 saw a peak of about 35,000 listings.  If we're currently running a little more than 10% ahead of last year, it seems … [Read more...]

Filed Under: Info for Buyers, Info for Sellers, Market Stats, Opinion Tagged With: , , , ,

Disclaimer

TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.