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 ...
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 ...
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, ...
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 ...
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 ...