Twin Cities Real Estate Blog

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 [...]

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 changing.

Pending [...]

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 together as [...]

MAAR has released their new market stats for the month of May and I’m trying a new idea: I’ve added commentary to the report expressing what I believe are the important “take aways” from the data.  I would love to get feedback both on the concept and your thoughts of my opinion.
Minneapolis/St. Paul Real Estate [...]

Jeff Allen @ the Minneapolis Area Association of REALTORS,�my good pal after the months of working on the Lender Mediated Sales Report together, has started what looks to become a once-a-month summary video of the highlights from the MAAR reports.  Granted the info discussed is all the positive stuff, but hey, that’s what a good [...]

Since early this year, the Twin Cities housing market has been making strong gains towards a level of what I call “peak inventory.” What I’m describing as peak inventory is the point where we see the number of houses for sale today at a level lower than last year. Well, we officially hit that in [...]

With the release of this week’s Weekly Market Activity Report we find that the Twin Cities Housing Affordability Index hit a near 4-year high!
The Housing Affordability Index takes into account interest rates, area median income, and median home sales price.  With both sales prices and interest rates falling recently, we find the Index has increased quite substantially [...]