Monday, September 9th, 2013

Whether it’s accommodative monetary policy, the promise of less shadowy shadow inventory or increased economic recovery, U.S. housing continues along a path of sustainable growth. Rising prices are drawing otherwise
reluctant or previously underwater sellers. And buyers are grateful for any additional supply. Intervetion from the Fed may or may not be on the horizon. Nonetheless, there’s reason to be confident in positive market longevity.

In the Twin Cities region, for the week ending August 31:

• New Listings increased 16.3% to 1,359

• Pending Sales increased 22.9% to 1,243

• Inventory decreased 9.3% to 16,081

For the month of August:

• Median Sales Price increased 16.9% to $208,000

• Days on Market decreased 34.0% to 70

• Percent of Original List Price Received increased 2.0% to 97.0%

• Months Supply of Inventory decreased 18.2% to 3.6

Click Here to View Full Weekly Activity Report

Posted in Weekly Market Activity Reports |
Monday, September 9th, 2013

Whether it’s accommodative monetary policy, the promise of less shadowy shadow inventory or increased economic recovery, U.S. housing continues along a path of sustainable growth. Rising prices are drawing otherwise
reluctant or previously underwater sellers. And buyers are grateful for any additional supply. Intervention from the Fed may or may not be on the horizon. Nonetheless, there’s reason to be confident in positive market longevity.

In the Twin Cities region, for the week ending August 31:

  • New Listings increased 16.3% to 1,359
  • Pending Sales increased 22.9% to 1,243
  • Inventory decreased 9.3% to 16,081

For the month of August:

  • Median Sales Price increased 16.9% to $208,000
  • Days on Market decreased 34.0% to 70
  • Percent of Original List Price Received increased 2.0% to 97.0%
  • Months Supply of Inventory decreased 18.2% to 3.6

Click here for the full Weekly Market Activity Report.From The Skinny.

Posted in Weekly Report |
Tuesday, September 3rd, 2013

By Steven Holbrook

As energy costs rise, you might be looking for ways to be more energy-efficient without breaking the bank. Here are eight money-smart moves to consider when making home renovations.

1. ANYTHING LOW-FLOW

In addition to saving water, low-flow fixtures will save you more than a buck or two. Inexpensive and easily installed, low-flow fixtures can reduce your home water consumption by as much as 50 percent and can save you up to $145 per year, according to Energy Star, a government program that promotes energy-efficiency. Low-flow showerheads cost about $20 at home improvement stores.

2. FIBERGLASS INSULATION

Insulation keeps your house warm in the winter, cool in the summer and reduces heating and cooling costs by as much as 20 percent, according to Green Energy Solutions, Inc., a company that specializes in retrofitting buildings to make them more energy-efficient. You can pick up a roll of insulation for about $15 at home improvement stores.

Read The Full Article Here

Tuesday, August 27th, 2013

By Marilyn Lewis of MSN Real Estate
A couple of years ago, who would have guessed that you’d see this problem: too many homebuyers and not enough sellers.
The shortage of homes for sale is easing a bit. But with homes selling overnight in some cities and prices increasing by at least 10% since 2012, you’d think more homeowners would rush to pound “for sale” signs in their yards. Curiously, many still hold back.
“What gives?” we asked would-be sellers. Here are 10 reasons homeowners are stressing about the decision to sell and 10 ways they’ve found to sleep better at night.
You’re stressing: I’ll end up homeless
Manhattan-based comedian Dan Nainan yearns to trade up. “I really want a two-bedroom,” Nainan says. “I could really use the extra space, and my income has increased to the point where I can afford one.”
Selling is easy. So what’s the problem? Buying another home, that’s what. He has to sell his one-bedroom apartment first, and in the competitive Manhattan market, an eager buyer probably will displace him before he has time to find another home.

Read The Full Article Here

Monday, August 26th, 2013

So far this summer, housing has achieved a soft, warm glow. If healing growth in the economy and labor markets persists, housing will be more than ready to weather tapering Fed activity – regardless of when it comes. Both local and national market indicators can’t yet contradict any confidence in rising home prices or dwindling inventory supplies. Let’s take a look into your locale to see how residential real estate is faring.

In the Twin Cities region, for the week ending August 17:

  • New Listings increased 27.8% to 1,643
  • Pending Sales increased 8.7% to 1,173
  • Inventory decreased 10.1% to 16,124

For the month of July:

  • Median Sales Price increased 16.8% to $208,000
  • Days on Market decreased 31.4% to 72
  • Percent of Original List Price Received increased 2.6% to 97.5%
  • Months Supply of Inventory decreased 19.6% to 3.7

Click here for the full Weekly Market Activity Report.From The Skinny.

Posted in Weekly Report |