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Twin Cities Real Estate Rollercoaster

Betsy Soderlund wants the emotional roller coaster that is the Minneapolis real estate market to be less like the cork screw and more like the flume. - @betsysoderlund This Twitter post last night sums up what many people in the real estate market are feeling right now.  Things seem to be going up, down, left, right and twisting all at the same time. This is a list of the items I currently see as affecting everyone's psychological health in the real estate market today: REO's/REO Brokers I've talked at length … [Read more...]

Foreclosures and Short Sales Skewing Twin Cities MLS Statistics

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 2008 was $220,000, down only 3.9% in the last 12 months, while the Median Sales Price for the bank mediated listings was only $155,000, down a substantial 10.4% in the last 12 months. … [Read more...]

Short Sales & Foreclosures – Home Owner White Collar Crime?

In this difficult housing market, many recent home buyers are either behind in their payments or owe more money on the home than it is worth. For some homeowners behind in their payments, a job loss or other financial calamity accounts for their inability to pay.  For other homeowners, it was that they were sold on a loan with an adjustable rate and often were not properly educated on the implications of the rate adjustment. For people behind in their payments and for which there is simply no way they can make … [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.