The National Association of REALTORS has put together a video discussing the amount and type of 'Shadow Inventory' nationally. The biggest problem with such figures is that they are still based off of sampling & definitions of what is or is not counted in the definition. Regardless of what the actual number is, the video ...
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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 ...
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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, ...
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While the median sales price of homes in the Twin Cities continues to fall, there is some great news to be had as well. No, this market downturn/correction/bubble burst/armageddeon/etc. isn't over yet but there are some fundamentals that need to change before the market can turn around and several have or are close to ...
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The several years of "loose lending" by mortgage lenders helped bring a surge of bad loan programs with borrowers that were either overextended from Day One or should have been unqualified to begin with. This surge has now become a tsunami of foreclosures and short sales, which Jeff Allen and I have lumped ...
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