Minnesota's Housing Market at Critical Stage

By
Real Estate Agent with Re/Max Results

 

Minnesota is entering into a critical spring for home sales.  The next two months should determine whether we will come out of this slumping market.  Historically the best time to sell a property in the Twin Cities metropolitan area market is the 3 month period from March to May. 

Should we remain in a down market, there could be some major market players in the Twin Cities market going to "plan B".  The squeeze seems to be on, as many realtors, builders, loan officers, etc. are suffering from a lack of purchase agreements. 

My personal feeling is that we will see some market activity this Spring, but it will be shortlived.  The market will bottom sometime in November / December 2007. 

As the CEO of DR Horton says, "2007 will suck". 

Comments (3)

Travis Sabby
Re/Max Results - Blaine, MN

True.  This market is going to be a meat grinder!

Mar 08, 2007 07:02 AM
Frank D'Angelo
EXIT REALTY NEXUS Minneapolis & St. Paul MN - Coon Rapids, MN
Helping people is my business in Real Estate

wow, pretty intense words from DR horton...

Travis, I'm confident the market will continue to be normal.  In other words, you're probably right.  We'll weed out the week from a realtors perspective.

 

Keep on plugging, because the smart buyers are buying and those sitting on their hands will have to continue procrastinating and doubting themselves when it starts picking up.

 

My perspecective is this:  The market has sputtered much too long for the slow thinkers.... God Bless to those that do not take advantage of the timing.

 

Warm Regards,

Frank D'Angelo - Broker SRS

EXIT Realty Executives

 

Apr 26, 2007 01:22 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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