Last week I discussed the precipitous drop in Twin Cities Pending Home Sales activity. Today MAAR released another week's activity report and the extended drop in buyer activity continues. While we had a few more pending sales than the week prior, we're still 34.6% below the same week last year. This great disparity is no doubt the continued hangover from the expiration of the tax credit but this hangover is quickly becoming a wicked one. These are historically the busiest weeks of the year and instead our … [Read more...]
