Ar_home_b_search
 



market reports: Increasing Supply Will Slow Market Rebound - 04/26/10 05:05 PM
 
Discussion about real estate markets usually tends to focus on prices. And the Twin Cities market has had encouraging price news this year. After three and one half years of declining prices, we've now had three consecutive months of increases in the median price compared to a year ago. But price trends usually follow supply/demand trends, and while most of us have been talking about prices, an important supply development has taken place.
 
An important factor leading to the three years of price declines was a multi-year build up in supply of houses for sale. The supply peaked at … (1 comments)

market reports: 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)

market reports: The Buyers Market, "In It for the Long Haul" - 06/06/07 09:06 PM
The Buyer's Market
"In It for the Long Haul"
The spring and summer months are typically the busiest time for real estate, but the hoped for rebound in the market has yet to occur.  Many had suggested the rebound would occur this year, but now that it's obviously not, next year is the favored target.  While we will likely see a rebound in the number of sales, I would suggest that the Twin Cities' buyer's market may be here for a long time.
A buyer's market literally means there are more sellers than buyers.  A buyer's market does not necessarily mean a "bust" or … (8 comments)

 
Pat_hi_resolution-11

Pat Paulson, Realtor Minneapolis, Minnesota

Minneapolis, MN

More about me…

Exit Realty Metro

Cell Phone: (612) 386-8902

Email Me



Links

Archives

RSS 2.0 Feed for this blog