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foreclosures: Did I Say Recovery? - 02/14/10 07:37 PM
 
So the Twin Cities real estate market has finally posted a year over year price increase for the first time in 41 months this January. Certainly good news but let’s not break out the champagne yet. The recovery/rebound…whatever you want to call it, is a long process and this is just another sign that we are going in the right direction as opposed to a destination we’ve been seeking.
The price increase means that the median price of this January’s sales was higher than last January. Key point: this year’s sales are different houses than last year’s sales. 2009 started … (0 comments)

foreclosures: They Finally Cut the Grass - 07/27/09 10:01 PM
A local non profit used the City of Minneapolis ‘First Look' program to purchase one of my foreclosure listings in June. They literally snatched it away from a couple that had made a full price offer on this home in a nice South Minneapolis neighborhood. After letting it grow for six weeks they finally cut the foot tall grass on the vacant property.
 
First Look is part of the Minneapolis Foreclosure Recovery Plan, the component used to "pursue aggressive property acquisition".  The plan is for the city to purchase for itself and it's Coordinated Development Partners nearly one third (over … (0 comments)

 
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Pat Paulson, Realtor Minneapolis, Minnesota

Minneapolis, MN

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