After six months of lower year-over-year pending sales numbers, the Twin Cities has finally posted an improvement in sales activity. The week ending 12/4/10 saw 606 pending home sales versus 551 in the same period a year ago, which is an increase of 10% from the prior year's figure. Pending sales are properties that have accepted offers but have not yet closed. You'll notice that each week there's been an improvement in year-over-year comparisons and that is partly due to the artificial demand we saw last year … [Read more...]
Twin Cities Real Estate May Market Update
Here is the most recent housing market update video: … [Read more...]
Q4 Lender Mediated Report & City Level Data Released
Today I am pleased to announce the release of the Foreclosures and Short Sales in the Twin Cities Housing Market: Q4 2008 Update. This is the 4th installment of quarterly reporting of lender mediated sales and their impact in the Greater Minneapolis/St. Paul area, which I co-author with the musically, intellectually, politically and statistically talented Jeff Allen. 2008 reports from quarters 1, 2 and 3 are also available. Here's how to know if buying a foreclosure or short sale is right for you. This … [Read more...]
Aaron Dickinson and MAAR Publish Report on Foreclosures and Short Sales on Twin Cities MLS
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...]