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Opportunities DO Exist in Today's Housing Market
By Sara Huebener
These days, more than ever before, the status of the real estate market seems to be a hot topic.  The years 2000-2004 were incredible times for the Twin Cities housing market for many local homeowners.  The market was accelerating rapidly, and at its peak, houses were selling fast and for top dollar.   People were making a good return on their investment.  Many people used this real estate bull market to upgrade their homes and provide a higher standard of living for their families.  
As is the nature of all markets, the bull was followed by the bear, causing people to unexpectedly see their home values decline and retirement accounts plummet.  A myriad of questions now exist, ranging from "how much did the value of my home decline, if at all?", to "have we reached the bottom of the market?", and "how long will it take to get back to where we were?"   Such reasonable questions deserve reasonable answers, however no one can provide a truly solid response.   That said, there are some encouraging signs in the marketplace. 
The Southern Twin Cities Association of REALTORS® Market Activity Report for January 26, 2009 reports that inventory is hovering around 25,000 ... more

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