Tuesday, October 1st, 2013

Higher interest rates, rising prices and a budget standoff in Washington haven’t shaken consumer sentiment regarding housing. Buyers continue to riffle through existing inventory for options, keeping an eye out for new listings. A sense of normalcy is returning to the real estate ethos after more than a decade of extreme ups and downs. It’s a big week for economic and housing news, so keep your eyes and ears tuned for any changing headlines.

In the Twin Cities region, for the week ending September 21:

• New Listings increased 13.3% to 1,469
• Pending Sales decreased 5.5% to 970
• Inventory decreased 6.8% to 16,249

For the month of August:

• Median Sales Price increased 16.9% to $207,900
• 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 |
Wednesday, September 25th, 2013

Posted in Monthly Skinny Videos |
Tuesday, September 24th, 2013

A recent report from Prime Time Window Cleaning gives a clear picture of the damage that can be caused by failing to clean out your gutters each year.

They report that millions of dollar in damage are caused to Chicago area homes. The lesson to be learned can be applied across the nation. When Fall comes calling, homeowners must clean out their gutters.

One Prime Time Windows customer writes, “Naturally you might be thinking that this is one chore you would rather avoid this year especially with the busy holiday season rapidly approaching. Chances are you have ignored this time-consuming but vital home improvement chore in the past but if this winter is even half as destructive as the last, you could be looking at thousands of dollars in damage to your investment.”

The risks to skipping out on this task are easy enough to see. As leaves and debris build up in your guttering system there become blockages. Instead of watering flowing easily into downspouts, it backs up onto eaves, the roof, and other parts of your house eventually leading to rot.

This in turn can lead to interior home damage to walls and ceilings. Overly full gutters can also become extremely heavy. This can bend the gutters and their brackets, causing unsightly damage to the exterior of your home.

Read The Full Article Here

Monday, September 23rd, 2013

For several weeks, markets across the country have seen consistent gains in sales, prices and percent of list price received at sale. Things like steadily low rates, less lender-mediated inventory and increased consumer confidence are all helping this reality. Each and every week reveals signs of a recovered market that are going from temporary yard sign to permanent road sign. Here’s to hoping for prosperous signs on the road ahead.

In the Twin Cities region, for the week ending September 14:

  • New Listings increased 19.5% to 1,625
  • Pending Sales increased 8.3% to 1,006
  • Inventory decreased 8.0% to 16,095

For the month of August:

  • Median Sales Price increased 16.9% to $207,900
  • 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 17th, 2013

A pendulum spends little time in the middle. It tends to overswing center and hang out at the extreme before changing directions. Apply that to housing. Two or three years ago, almost no one would have foreshadowed concern over affordability, yet that’s what some are cautioning against in an environment of rising prices and interest rates. It would take further increases to truly rattle confidence and sentiment, but it’s wise to monitor the market recovery’s dual-edged saber.

In the Twin Cities region, for the week ending September 7:

• New Listings increased 18.6% to 1,511
• Pending Sales decreased 4.5% to 857
• Inventory decreased 8.9% to 15,891

For the month of August:

• Median Sales Price increased 16.9% to $207,900
• 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 |