market: March Existing Housing Sales Down, Demand Up
- 04/19/12 12:40 AM
Well, existing home sales data for last month is out and the numbers were lower in March than in February. According to the NAR press release existing home sales were down 2.6%. Lawrence Yun, the National Association of Realtors Chief Economist, blames the lower sales on the lack of homes for sale. He also says that the level of activity is higher year over year. The reported data seems to confirm his opinion. Average prices are up in most broad markets, due probably to more buyers and fewer homes for sale. Although it is harder to find an opportunity today that … (4 comments)
market: Rosemount MN 2011 home sales exceed 2010 totals
- 11/15/11 04:58 AM
Rosemount MN 2011 home sales exceed 2010 totals Sold home totals in Rosemount have passed the total units sold in 2010. According to Regional Multiple Listing Service of Minnesota data, total homes sold in Rosemount in 2010 were 337, and the year to date total is 341. With another 56 accepted offers soon to close, 2011 looks like it has been a great year for both sellers and buyers in Rosemount. Sellers who price their homes close to market value are finding that there are sufficient numbers of willing and able buyers searching for homes in Rosemount. If you're thinking about … (1 comments)
market: Time the Market? Why not Time Your Life Instead?
- 11/12/11 04:18 AM
Time the Market? Why not Time Your Life Instead? There are lots of real estate professionals trying to convince potential home buyers that now is the time to buy. They typically cite home price trends and mortgage loan interest rates, along with a suggestion that timing the market is difficult and usually not productive. While I agree with much of what is published, there is one important question I would like to ask. So what? People considering buying a home, either a first home or one to replace a home that no longer suits their needs, are consumers. They are not … (3 comments)
market: Lakeville 2011 Market Status and Projections
- 10/28/11 05:29 AM
Lakeville 2011 home sales totals are on track to exceed 2010. According to data provided by the Regional Multiple Listing Service of Minnesota, Lakeville, has had 568 closed sales so far this year. There are 49 accepted offers awaiting closing, which suggests that, with another two months left, 2011 total units sold should easily exceed the 2010 total sales of 605. There are 327 active home listings which calculates to about six months of inventory. If you have a home to sell, the absorption rate, the calculation of the ratio of homes for sale compared to the number of homes sold, … (2 comments)
Well, existing home sales data for last month is out and the numbers were lower in March than in February. According to the NAR press release existing home sales were down 2.6%. Lawrence Yun, the National Association of Realtors Chief Economist, blames the lower sales on the lack of homes for sale. He also says that the level of activity is higher year over year. The reported data seems to confirm his opinion.
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