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Twin Cities Builders Stymied by Lack of Financing


As the Builders Association of the Twin Cities continues to report strong increases in the number of building permits and units issued, I've heard from several small builders that the difficulty in finding construction financing is impacting their ability to take advantage of the dramatic increase in buyer demand. With the quickly approaching and ever-important spring market, builders are looking to build up their inventory of available homes but finding that few lenders are willing to step up to the plate with … [Read more...]

Great Experience with Centex Homes

Saying thank you for a job well done is a good thing to do, especially in times when things are not as easy as they used to be. Recently I introduced a buyer to the Crescent Ponds development in Blaine, Minnesota.  Murphy McKee, Centex's representative, was great to talk with from Day 1. At first we found the prices just a little too high, but when a sales event hit, my buyers were comfortable enough to step up to the plate.  My buyers are buying their first home, so going "all in" on new construction as your … [Read more...]

Builders Clearing Out Inventory

I received an email this weekend from a builder advertising models that were marked down 20% + ($100k+) from their original prices (but marked down incrementally). I also saw another builder marking their inventory down in the MLS a similar amount too. This suggests to me that builders understand that we're nearing the end of the strong sales season and that they need to price reduce now to sell these homes soon or they will be left holding them all winter! … [Read more...]


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.