Thanks for coming back to my blog. Make sure to sign up to get emails when I post!The stats for 9/29 comparing this past week’s numbers compared to the same week in 2007 as supplied by the Minneapolis Area Association of Realtors are:   New Listings:    1,788 vs. 1,886 -5.2% Pending Sales:     81  vs. 547  [...]

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Another number we watch outside of those in the DUD Phenomenon is the Housing Supply Ratio.  This refers to how long it would take for the current supply of homes to become completely sold (or at least pending).  A balanced market is some where around a 5 month supply.   This past month housing supply [...]

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Buyers continue to heat things up across the Twin Cities Real Estate Market.  This past week 783 homes went pending—meaning there are 783 newly accepted purchase agreements.  As mentioned in an earlier post, we often compare this week’s numbers to what they were a year ago.  The 783 pendings represent over a 23% increase from [...]

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Each week during my radio show we start with a market update.  We look at the most recent statistics and analyze them for trends.  As I mentioned in my post “Market Update:  The Basics of what we look at” we focus on 3 key numbers: how many new listings came on the market this week, [...]

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(cue soundtrack: R.E.M.’s “End of the world as we know it”) By Alec Grebis, www.TwinCitiesDiscountHomes.com 1)  At least I’ll have my house if everything else falls apart.  Seriously, the main reason for buying a home is to own your own place—the “investment” value of it is second. 2) There is no Demand Clause in my [...]

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Market Update:  The Basics of what we look at On my real estate radio show each week we look at a couple of key statistics to get an idea of what’s going on in the market place in the Twin Cities.  By comparing these numbers to what has happening over the past few weeks and at the [...]

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