In the first quarter of 2007, sold homes reported by the MLS were 90% "Traditional Sellers" and 10% "Bank Mediated Sellers" (bank owned foreclosures and/or short sales).In the first quarter of 2008, these "bank mediated" listings comprised more than 27% of the sales. The Median Sales Price of homes sold by Traditional Sellers in Q1 ...
This is short and sweet, but definitely to the point. If you're a prospective seller and you're looking for the next step after watching this, give me a call.
The Minneapolis Area Association of REALTORS released their weekly market report today with new Housing Affordability Index numbers for December 2007. The HAI of 141 is the highest we've seen in the Twin Cities since February 2005... nearly 3 years ago. Falling mortgage rates, with many brokers quoting under 6% for a 30-year fixed), and ...