real estate market: Minneapolis, Minnesota: Local Brokers Going out of Business - 06/23/08 03:18 PM
There are plenty of brokers closing their doors these days. Both large and small, brokers have been hit hard by the slowdown in the market. By some estimates as many as 50% or Realtors will leave the business by the end of the year. There were only a few less deals done … (1 comments)
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real estate market: Minneapolis, Minneapolis: Local Brokers Going Out of Business - 06/23/08 03:14 PM
There are plenty of brokers closing their doors these days. Both large and small, brokers have been hit hard by the slowdown in the market. By some estimates as many as 50% or Realtors will leave the business by the end of the year. There were only XXX fewer deals done … (0 comments)
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real estate market: Minneapolis Minnesota | Real Estate Market Update | Downtown Condo's Heat Up - 05/27/08 01:09 PM
I've been singing the praises of our Twin Cities Real Estate Market for the past month now. Sign of improvement are all around. Many areas are still depressed, and others are shining, but the trends are finally headed in the right direct.
The Downtown condo market is really showing signs of … (1 comments)
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real estate market: How to buy Short Sales and Foreclosures - 04/18/08 09:40 AM
Short Sales and Foreclosures Sales have stymied many a buyer in recent months. Banks are bad a selling homes in good times, and now they are overwhelmed. You might think that Buyers would be able, even encouraged, to scoop up these homes. Not the case, buying in a Short Sale, or Foreclosure … (1 comments)
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real estate market: Minneapolis, MN | RE Market | Recovery Begins: But Who Will Admit It? - 04/17/08 09:18 AM
Good news in Minneapolis Real Estate world... inventory levels are falling! We've all been talking about Buyers being able to "cheery pick" the best of the homes ("best" = cheep and nice), leaving all sellers in a bind trying desperately to be the best. Well that's beginning to change...
In all price ranges above $190,000 … (1 comments)
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real estate market: Minneapolis, MN Real Estate Market: Week of March 31st - 04/03/08 07:57 AM
New Listings Down!
Hot on the heals of last weeks rising sales comes the news we've all been hoping for...New Listings were down 26.3% compared to the same period last year, and down 14% from last week.
New Listings are homes for sale added to the market this week. Prolonged declines in New … (0 comments)
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real estate market: Investors Rush In - 12/28/07 09:47 AM
In love, they say, fools rush in. In the Twin Cities real estate market, right now, investors are rushing in!
It is the dark of winter (literally) here in Minneapolis, MN. There are 13.44 homes for every one buyer, in the Twin Cities metro area, more than ever before. It's hard to find buyers … (8 comments)
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real estate market: What's the Linden Hills Housing Committee upto? - 12/21/07 08:28 AM
NOTE: Views and opinions expressed in this blog are not those of the LHiNC (Linden Hills Neighborhood Council), nor does LHiNC endorse or support the content posted here. This is the personal blog of Ben Kolkman. Ben is a Realtor in Minneapolis, Minnesota he is also the Chair of the Linden … (0 comments)
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real estate market: Matt Lauer and Glenn Kelmen throw Realtors under the bus! - 12/14/07 08:53 AM
According to Redfin CEO Glenn Kelman, just interviewed on the Today Show, computer scientists have proven that Realtors have it all wrong...sellers should be listing on Craig's List, and should just give up if there is a foreclosure on their block!
Realtors we need to get our act together; I am fuming … (11 comments)
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real estate market: Bush Rate Freeze: Government Intrusion or Artful Politicing - 12/12/07 07:49 AM
Much has been written about the President's rate freeze plan, and I am not an economist, nor a mortgage pro, but I do find history interesting. We all forget the lessons of the past, in the heat of the moment.
The current proposal is imperfect, yes, and it is a government intrusion, true. If that's news to … (2 comments)
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real estate market: How is the Condo Market in Southwest Minneapolis? - 12/09/07 09:04 AM
Real estate values in Southwest Minneapolis have traditionally been strong. Even during the slowest periods, values in Southwest have appreciated and demand has been high. Unfortunately, condo owners in Southwest may not fair so well this time.
There are very specific reasons the real estate markets has slowed. The number of properties … (2 comments)
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real estate market: Tear Downs will continue in Edina...for now - 12/05/07 12:27 PM
The Edina City Council (ECC) decided not to vote on the proposed moratorium on teardowns at last nights meeting.
With respect for the massing and appropriateness concerns, a temporary ban helps no one. ECC will continue to research the issue and work on developing effective policy that balances neighborhood improvement with … (2 comments)
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real estate market: Giving thanks for a good real estate market - 11/27/07 12:17 PM
As I thought about what a great Thanksgiving my family had, I began thinking about the real estate market this year and all I have been blessed with professionally. Then I realized we are all lucky to have a housing market, offering a sound financial investment, even in the worst of … (1 comments)
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real estate market: Is the Possibilty of a Lower Price, Worth Passing on the Perfect Home? - 11/20/07 04:41 PM
I had the privilege of providing an interview to Channel 5, KSTP today. Glen Barbour contacted my office asking for an opinion on an article he read in Smart Money Magazine.
The story essentially describes the falling housing market as a risky, but potentially good, investment. In particular it lists the Twin Cities … (1 comments)
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real estate market: My 15 minutes of fame - I'm in the news! - 09/05/07 12:25 PM
I guess Andy Worhal was right when he said, "In the future everyone will be famous for fifteen minutes"
But, in my case, it was more like 15 seconds.
KSTP asked Pat Paulson, another GreatMinneapolis agent, to help with a story on the condo market. They interview Pat Paulson at our office, and … (0 comments)
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real estate market: Media coverage of the real estate market - 07/01/07 11:39 AM
Does media coverage of the market effect the market itself? To some degree I believe it does. I here seller, in particular, tell me that they don't want to sell, because the market is so bad. Then they site a statistic they read in a recent news article. Unfortunately the statistic … (5 comments)
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