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twin cities: December 2009 Twin Cities Real Estate Market Video Update—Continuing Signs of Recovery! - 12/22/09 08:34 AM
In the December Monthly Skinny from the Minneapolis Area Association of REALTORS® provides a snapshot of the Twin Cities real estate market as we wrap up 2009. Though there still are challenges in the upper brackets of the housing market, there has been a continued trend of recovery. Though we did still see a 3% month-to-month drop in median home prices, from $175,000 to $170,000, this is lowest drop in two years. Strong home sales added to shrinking supply equates to a stabilizing home market. This month's Skinny notes that our Twin Cities was affected by the $8000 tax credit as part (2 comments)
twin cities: February 2009 Video Update on the Twin Cities Real Estate Market - 02/21/09 04:27 PM
The Minneapolis Area Association of Realtors uses the Dicken's Classic, A Tale of Two Cities, to provide a backdrop for another interesting look at the current real estate market conditions in Minneapolis, St. Paul and surrounding suburbs. The February Monthly Skinny gives a quick look at how the sale of lender mediated homes (i.e. bank owned foreclosures and pre foreclosure short sales) have had a positive affect on the affordability index and number of home sales in the Twin Cities area. Keep informed with a informative quick look at the current real estate market. Enjoy!
If you are buying or (2 comments)
twin cities: Monthly Video Update on the Minneapolis/St Paul Real Estate Market January 2009 - 01/23/09 10:13 AM
The Minneapolis Association of Realtors just posted their first video update of the year on YouTube yesterday. The January update on the Twin Cities real estate market discusses of the increased affordability index in the Minneapolis/St. Paul area. Housing affordability combined with amazing low mortgage rates makes it a very attractive buying environment in the metro area. Several indicators are down but there is still “an elephant in the room” with the foreclosures and lender mediated homes. Another quick and fun view of real estate market conditions in the Twin Cities. Take a look...
If you are buying, (5 comments)
twin cities: December Video Update on the Twin Cities Real Estate Market - 12/18/08 08:32 PM
The Minneapolis Association of Realtors just posted their December Twin Cities real estate market update video today on YouTube. This month's snapshot talks of the phenomenal affordability of homes in the Minneapolis/St. Paul area. Housing affordability combined with amazing low mortgage rates is quite a story for first time homebuyers. Additionally, the association provides an explanation of how bankowned and foreclosed homes compare to the sales of the homes sold by traditional sellers. It is a quick fun snapshot of real estate market conditions in the Twin Cities. Take a look...
If you are buying, selling or relocating to Minnesota and (16 comments)
twin cities: November Video Update on the Twin Cities Real Estate Market - 11/22/08 09:04 AM
November's video Twin Cities real estate market update was just posted this past week on YouTube from the Minneapolis Association of Realtors. It gives a very good snapshot of condition of the Twin Cities real estate market and explanation of where it is today. It is cautiously optimistic about the housing market conditions this fall. Take a look... If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities (18 comments)
twin cities: October Video Update on Twin Cities Real Estate Market - 10/28/08 10:55 AM
I came across this market update posted on YouTube from the Minneapolis Association of Realtors which is a very good explanation snapshot of condition of the Twin Cities real estate market today. It is cautiously optimistic about the housing market conditions this fall. Take a look...
If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest (5 comments)
twin cities: Is NOW the time to BUY a Townhome In Minnesota? You Betcha! - 07/09/08 09:13 AM
The media reports can be confusing and contradictory about the changed real estate market. One day a report comes out showing declining values on Twin Cities houses and a day or two later, reporters are indicating it is the time to jump off the fence and buy that first home. Meanwhile, the average Joe (or Josephine) sits in the apartment paying the landlord's mortgage wondering if there will ever be a good time to buy a house! Just like buying any investment, there is no sure thing and no one answer. But from the prices on townhomes I am seeing as (14 comments)
twin cities: Closer Look at Twin Cities Foreclosure/Short Sale Market—Homeowners Retain More Equity - 06/18/08 12:02 PM
Most media reports have been exclaiming the double digit drop in housing values in the Minneapolis/St. Paul metro area since the beginning of 2008. The RMLS numbers showed a drastic decline in the values of homes from Anoka to Ramsey to Washington Counties. It seemed that no area in the 13 county Twin Cities metro area was completely immune to the pressure the reported up to 2% foreclosure rate was putting on the housing market.The numbers are staggering when looked at as a whole...but what if the foreclosures and short sales could be filtered out? Reality is that in most areas (23 comments)
twin cities: Spring Forward! Change the Clock! AND Make YOUR Move to a New Home! - 03/09/08 10:45 AM
In the debate on daylights savings time, I am on the progressive side who likes the change. Sure it messes with some old software so a clock or two is out of sync, but the tradeoff is well worth it. We get an hour more of evening daylight weeks early than in the past. This is a tremendous help to buyers, sellers and Realtors! The traditional Minnesota winter slow down in housing sales can be attributed to a plethora of reasons: cold, snow, holidays, school year, etc., but it really boils down to one factor. People don't buy homes in the dark. (24 comments)
twin cities: Parents of First Time Buyers Say “Thank You!” to a GREAT Realtor® - 02/09/08 02:41 PM
Back in December I posted about first time buyers I met at a showing that were being advised by their parents to not sign a buyers' representation agreement. The theory was that buyers can make a better deal working directly with the listing agent who would receive both sides of the commission. Since the parents were at the showing, I had the job of explaining why this isn't a great tactic to both the buyers and their parents. Read the whole story in my post: The Thousand Dollar Gamble-Why Buyer's Representation is Essential! Over the course of a few weeks, I (39 comments)
twin cities: And the Winner is….The One Who DIDN’T Enter! - 12/15/07 06:46 PM
Ever hear the saying: You can't win if you don't enter? Well, maybe you can. Before you enter that next drawing at your local department store, sporting event, or county fair, think twice. Yesterday, I was listening to a local radio program as I cruised home from showing homes listed throughout Forest Lake and Ham Lake. In between Christmas carols, the DJ's were fielding phone calls from people who had been scammed. One gal called in with a story that got my attention. She had entered a drawing to win a prize at Spookyworld, a Halloween event in the Twin Cities, a (26 comments)
twin cities: Sticking with Home Buyers until the Dream is Reality - 12/08/07 08:46 PM
It's a bright sunny early spring afternoon in 2006, my cell phone rings."Hi my name is Ben Johnson and you worked with my in-laws a few years back. They are in that great home in Scandia.""Sure, Ben, I know who you are. I spoke with your wife, Kim, a few years back but you weren't ready to make a move then.""Well we are now! Could you show us a few homes tomorrow? We are interested in a few horse properties that are on the market in Isanti and Anoka Counties.""Great! I will set them up!"So began the journey to the perfect (28 comments)
twin cities: Almost Time to Queue-Up and Freeze for a Cities Sampler - 11/02/07 09:33 AM
Only one or two things in this world are special enough to make me stand outside, lined up for an hour in the cold. But this is one of those events. It is an annual tradition in the Twin Cities every November. My real estate business goes on hold for one weekday morning as I freeze with the masses. People from Lino Lakes to Blaine, and Forest Lake to Minneapolis line up for this unique treasure. Not for a discounted flat screen or new game system, but for the Cities 97 Sampler. The coveted CD is a collection of Studio C cuts from (12 comments)
twin cities: Mother Nature's Beautiful Birthday Gift to Me! - 10/18/07 08:02 PM
A Minnesotan with a fall birthday often gets a cake decorated with the golds, reds and browns of autumn. I should know as today is my birthday. As a kid, I didn't really appreciate having a birthday cake with brown and yellow frosting every year but grew to love what it represented. We live near Carlos Avery Nature Reserve an open area for hunting and hiking. We drive down a main road through the south end of Carlos Avery every day and in the fall the colors take your breath away. On more than one occasion I have told my boys that (31 comments)
twin cities: Uniquely Minnesota Artful Distractions—Hometown Version: The North St. Paul Snowman - 10/18/07 04:07 PM
North St. Paul in the 1970's was a typical small town suburb. It was family and kid-friendly. We could walk to downtown North St. Paul (or "uptown" as my best friend, Roxanne, called it ) for a Coke at Perrault's Ice Cream Shop, a hamburger at Mac's Dinette or a plate of hot fries at Village Pizza. Downtown has changed as only Village Pizza remains from those days but the wonderful, huge, iconic snowman remains. Originally this guy was constructed behind the old bank building on the corner of 7thand Margaret. I remember when the first rebar steel was set in cement resembling (12 comments)
twin cities: Blaine, MN Real Estate Market Statistics 3rd Quarter 2007 - 10/17/07 08:48 AM
Blaine is expanding by leaps and bounds in the north metro of the Twin Cities. The residential real estate construction boom in Blaine during the past decade has slowed but not stopped making new and existing home purchase opportunities very affordable. Conveniently located along 35W and Highway 65 and connected by Highway 10 just north of the Twin Cities, Blaine is an attractive location for both business and residential development. The community is served by three school districts; Anoka Hennepin District #11, Centennial District #12, and Spring Lake Park District #16. Blaine is best known for the National Sports Center a (6 comments)
twin cities: Keller vs Kramer—Is NOW a Good Time to Buy a Home? It ALL Depends on YOUR Location! - 10/01/07 08:28 AM
CNBC's Jim Kramer forgot one of the cardinal rules of real estate last week. Location, Location, Location. Many in the real estate industry have now heard and discussed the infamous comment "now is the absolute worst time to buy!" made by Kramer last week during a segment on national real estate. At Keller Williams our co-founder and chairman had something to add to the debate in our weekly KW newsletter. His comments are timely and to the point. Keller indicates three key problems with a blanket statement on the national real estate market. Here's what Keller has to say about waiting out the current market: First, (22 comments)
twin cities: Buyers Continue with Upper Hand in Twin Cities Housing Market - 09/19/07 07:29 PM
The Statistics are out for August and the numbers show that in the 13 County Twin Cities metro, home buyers continue to have the edge over sellers in the real estate market. Affordability is up. Closed sale prices are down. Home inventory per buyers remains in the 10 to 1 range. The good news for sellers is that homes are continuing to sell but at lower prices.
Opportunity is knocking. Have you seen the new ads by the Twin Cities Builders Association? In the television spot, there are doorknockers gone wild--knocking endlessly to get out the message that it is time for (16 comments)
twin cities: Tragic Event for Minneapolis—35W Bridge Collapse! - 08/02/07 08:08 AM
II have traveled over the 35W Bridge into Minneapolis countless times since receiving my drivers license decades ago. When I worked in Edina in the south metro, I commuted from North St. Paul on a daily basis over that bridge. I have been stuck in rush hour traffic inching along that stretch of roadway. As of late, it has only been the periodic trip to Minneapolis for a Twins game or visit to the Guthrie Theater that has had my family on that bridge. Knowing that the Minnesota Twins have a 7:05 start time at the Metrodome, no doubt that the (51 comments)
twin cities: Myths of a Buyers Market - 07/03/07 01:08 PM
For the better part of two, maybe three, years, communities throughout the Twin Cities, Minnesota and the entire U.S. have been in the throws of a full fledged buyers market. Sellers have adjusted their minds and their prices. They have roll up their sleeves and worked to make their homes shine for the periodic showings. Homes are selling...Just not as quickly as they sold in the past decade. So when a Realtor shows a potential buyer a listing, the sellers want it to make the short list of second showing homes. With years upon years of sellers running the show, it (21 comments)
Theresa "Teri" Eckholm/REMAX Specialists assists Minnesotans to find their way home with helpful tips and quality service. Dedication to customer service has made Teri the REALTOR® of choice for families in Blaine, Forest Lake, Ham Lake, Lino Lakes and Wyoming areas. Licensed in MN.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.