The Economists at Trulia have done an excellent job providing an overview of key metrics we measure the housing market as we’ve come out of the Great Recession. The graphic below summarizes key housing market indicators related to a normal housing cycle. Over the past year numerous strides have occurred in the local Twin Cities…read more
Good news for home sellers and existing home owners; the foreclosure crisis in the Twin Cities Metro Area continues to dwindle. Foreclosures accounted for only 12% of the resales in June 2014; this compares to 26% of all transactions in 2013 that were distressed sales. In fact, between 2009 and 2011 about one-half of all…read more
As the housing market turned a corner in 2013, house flippers contributed to the turn-around. Many investors in the Metro Area were able to purchase foreclosed homes for cents on the dollar, remodel the homes, then bring them back to the market. I recently viewed 8 properties with a client and 7 of the 8…read more
I’ve attache a great article on short sales. I’ve worked on a number of short sale transactions… and there is nothing “short” about them! The article has some great insight on the process and the hurdles all the parties face. The short-sale wrinkle | Inman News Posted using ShareThis
