minnesota bank owned properties: Twin Cities/Minnesota Weekly Market Update For the Week Ending Dec. 24th - 01/04/12 02:10 AM
I had a customer say they were a little worried about buying right now because they read an article saying that the prices were going to come down more this year.  The media likes to report the negative. We all know that by now right!?!?  Whats the only negative in these stats below. - The Median Sale Price is DOWN -
The median sale price might very well be down slightly in 2012 too.  However, for the investor buyers and first time buyers buying around or below that median sale price you need to understand the reason its down is because … (2 comments)

minnesota bank owned properties: Twin Cities Jobless Rate Compares Well - 01/03/12 09:14 AM
One indicator that a Real Estate market can get stronger is when people are working. A lot of the worry about whether now is the time to buy a house or not has to do with the economy.  I noticed this article linked in the St. Paul's Realtors Assocation Newsletter.  It indicates that the Twins Cities Jobless rate is the 3rd lowest in the nation (read more)...
First its nice to see that the Twin Cities area is doing a good job keeping people employeed.  I know there are still a lot of fears about when the right time to buy … (0 comments)

minnesota bank owned properties: Twin Cities/Minnesota Weekly Market Update For the Week Ending Dec. 10th - 12/20/11 01:28 AM
More of the same in the Twin Cities housing market. I like the commentary below provided by the MPLS Association of Realtors comparing the housing market to the Minnesota Golden Gophers sports teams.
It is true because if your a home owner for the last few years its been pretty poor as you have seen your equity go backwards like the football team.  I have been saying there is a lot of hope on the horizon which is sort of a crossover between the basketball and hockey team.  
 
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Today's housing market is like Minnesota Golden Gophers sports. If … (0 comments)

minnesota bank owned properties: Twin Cities/Minnesota Weekly Market Update For the Week Ending Dec. 3rd - 12/13/11 03:49 AM
Seems to be a carbon copy of last weeks report!  New listings down and pending sales up! Even though we are in the Holiday season and cold weather season here in Minnesota.  Buyers are still out there buying right now! I like what I see in the market right now!  Good things will happen in the 2012 Minnesota and Twin Cities area Real Estate Market!.
 
 
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As another new year approaches, we find ourselves settling in for the 
holidays, which typically come with slowed real estate activity. In the first 
week of the full holiday shopping season, we saw … (0 comments)

minnesota bank owned properties: More of the Same, Twin Cities Market Report for the Week ending Nov. 26th. - 12/05/11 10:02 AM
Below is another edition of the Twin Cities weekly market report that comes to my email every Monday from the Minneapolis association of Realtors.
Every week the listings decrease over last years numbers at this time. Each week the pending sales have increased.  This particular week there was a 46.8% increase!!! I would love to see the 'Months Supply in Houses' go below 6 months. I think we will see that soon.
There continues to be more life in the market then there was last year at this time. I think we will see it continue in December!
 
 
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minnesota bank owned properties: Twin Cities/Minnesota Weekly Market Update For the Week Ending Nov. 19th - 11/28/11 01:31 PM
I skipped relaying this report last week because its sounds like a broken record. Listings down year over year and pending sales up. LOOK at those numbers below!  Pending sales are 30% higher then they were the year before.  Good news for sellers.  However, not good news is that prices are down almost 10%.
Reminder though these are good numbers overall for buyers and sellers because we are about to turn the corner in this market!  Buy with confidence!  And if your selling at least their is not as much competition as there as been! (See details coutesy of the MPLS … (0 comments)

minnesota bank owned properties: Twin Cities/Minnesota Weekly Market Update For the Week Ending Nov. 5th - 11/15/11 06:59 AM
This is really starting to sound like a broken record!  But this is good news for both buyers and sellers at this point. Less listings and bottom prices.  Sellers need the listings to decrease so moving forward the supply and demand can level off and prices can slowly start to rise.  
Buyers should be excited because it truly seems like we are at market bottom.  Right NOW at this very time of year and closing by the end of the year is the best time to buy as certain bank owned properties are trying to be cleared out by the … (1 comments)

 
Chuck Carstensen, Minnesota/Wisconsin Real Estate Expert (RE/MAX Results)

Chuck Carstensen

Minnesota/Wisconsin Real Estate Expert

Elk River, MN

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RE/MAX Results

Address: 650 Dodge Avenue, Elk River, MN, 55330

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I help buyers, sellers and investors with their real estate needs. In this blog I post my listings and give real estate, video marketing and personal development tips. I enjoy giving people tips, suggestions and hints that can improve their business and life.


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