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Category Archives: MN Real Estate Trends
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
Most Home Buyers Over Estimate Future Appreciation
More than 42 percent of prospective home buyers believe home values increase by about 7 percent each year, according to a recent survey by Zillow. This estimation is out of line for the current economic times and high even for … Continue reading
HUD Homes Available In MN & WI for $100 Down Payment
HUD has approved a program aimed at putting foreclosed homes back into the hands of owner-occupant buyers. In select states, from now into October of next year, buyers need a down payment of only $100 to purchase a HUD-owned REO … Continue reading
Foreclosure starts spike in August
Foreclosure starts spike in August. As the robo signing scandal subsides, lenders are starting to clean up a HUGE backlog of foreclosures. This will put downward pressure on home values.
Strategic Short Sales – Short Sales Without A Hardship in MN
With real estate values in the Twin Cities off by over 50% in some areas, it will take DECADES before the value returns to 2006 levels. Now millions of responsible homeowners have to make some tough decisions as their housing needs … Continue reading
The True Hidden Costs Of MN Home Ownership
“If you rent, you’re throwing away your money.” “Owning your own home is a forced savings plan.” “Home ownership is an excellent path to build wealth.” You’ve probably heard statements like these plenty of times. On television, radio, the internet, … Continue reading
Interpreting Real Estate Terms
Lost in translation Jon Boyd, past president of the National Association of Exclusive Buyer Agents, joined forces with NAEBA members worldwide to compile a translation guide of listing agent euphemisms. They include: Grandma’s house: Realtors interpret this to mean a) … Continue reading
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Housing Bottom Nowhere in Sight
Housing Bottom Nowhere in Sight.
Posted in MN Real Estate Trends Tagged housing bottom minneapolis, housing bottom mn Leave a comment
Avoid Frustration When Buying A MN Short Sale or Foreclosure
Roughly forty per to fifty os real estate sales in today’s market are short sales and foreclosures! Distressed properties are well known for their value (a reputation which is sometimes accurate, and sometimes not), but they also have a reputation … Continue reading
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