Listen to our Radio Show! Saturdays on News Talk AM 1130
Member of the
Minnesota Real Estate Team
The #1 Real Estate Team in MN
(P) 612-554-5901
(F) 800-974-7989
5309 Lyndale Avenue S
Minneapolis MN 55419Featured Listings
Category Archives: MN Real Estate Trends
Existing Home Inventory declines 17% year-over-year in January – Or Why You Can’t Find A House To Buy
Check out this great article from the folks over at Calculated Risk Blog. It helps explain why housing inventory for sale is so incredibly low. Don’t worry housing inventory for is going to increase. Another update: I’ve been using inventory … Continue reading
Job Losses Continued To Drive Mortgage Defaults Through 2011
One in three Americans would be unable to make their mortgage or rent payment beyond one month if they lost their job, according to the results of a national survey taken in mid-September. Despite being more affluent, the poll found … Continue reading
More House Price Indexes Show Declines For October 2011
The Case-Shiller House Price index for October will be released Tuesday, Dec 27th. Based on released data, it appears the seasonally adjusted Case-Shiller indexes will fall to new post-bubble lows in October (but not the NSA indexes). Here are a … Continue reading
Real Life Hobbit Houses
JRR Tolkiens description of a Hobbit house conjures up a cozy place to call home. “In a hole in the ground there lived a hobbit. Not a nasty, dirty, wet hole, filled with the ends of worms and an oozy smell, … Continue reading
Household Mortgage Debt Levels Continue To Decline
The ongoing turmoil still gripping housing markets across the country has manifested itself in the Federal Reserve’s macro assessment of household wealth and capital flow. With foreclosure stripping millions of Americans of their largest asset and potential homebuyers still watching … Continue reading
Posted in MN Real Estate, MN Real Estate Trends Tagged mortgage debt, mortgage debt levels Leave a comment
Home Prices Are Now Depreciating Slower Than Your Car
While home values are continuing to decline, they are beginning to stabilize as the market nears the bottom, according to the Zillow Real Estate Market Report released Tuesday. Since their peak in May 2007, prices have fallen 23.7 percent, according … Continue reading
"We May be Witnessing the End of the Beginning of the Housing Crisis."
Radar Logic has headlined its September RPX 25-MSA Composite with the disquieting headline “We May be Witnessing the End of the Beginning of the Housing Crisis.” The report says that the RPX Index along with a few other housing indicators … Continue reading
Banks Are Estimated To Be Holding FOUR YEARS Worth of Shadow Inventory
What is shadow inventory? Shadow inventory is a phrase that is used to describe the foreclosed homes that a bank owns but is NOT listing for sale. These homes are allowed to sit vacant while the bank tries to make … Continue reading
MN Real Estate Shadow Inventory Estimates
Estimates of the industry’s shadow inventory vary widely, but one thing analysts do agree on is that the overhang is massive and will likely weigh on market dynamics for years to come. Measurements of soon-to-be repossessed and foreclosed homes that … Continue reading
Home Affordability in Minneapolis Continues to Increase
The tone of the Case-Shiller Index certainly is a little more optimistic. The data through the month of August 2011 clearly shows signs of improvement across the county on a month to month basis which many in the media are picking … Continue reading
The