Buying or selling a home in Minnesota can be extremely difficult in today's changing real estate market. Where there was once many buyers for each house for sale, today there are many houses for sale for each buyer.
With the changing real estate landscape comes a change in the direction agents must make to handle the new realities of real estate. Real estate agents like Aaron Dickinson of Edina Realty have become enormously successful since they have turned their focus to the Internet for promoting their listings and discovering new buyers.
The Minneapolis Area Association of Realtors has some great statistics about the Twin Cities market and is always a good resource for data however, interpretation of that data still requires the right real estate agent.
If you have questions regarding the Twin Cities real estate market, please contact Aaron Dickinson with Edina Realty at: 612-251-5599.
Recent Twin Cities Blog Articles:
| Water Conservation – Cities Thinking Backwards? - 06/28/2009 |
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The Star Tribune had an article today discussing how the Metropolitan Council is pushing all cities to encourage water conservation. The paper profiles Minnetonka and their efforts to curb usage by dramatically increasing water rates for excessive usage. While an “overconsumption tax” will certainly help curb usage, there are many other ways to promote conservation:
Get [...]
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| Jim Cramer: Housing Market Has Bottomed - 06/17/2009 |
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Jim Cramer on Tuesday’s show stated that we’re at a housing market bottom nationally (article). Below is the video of this segment.
While time will tell if Jim Cramer is right, on a local level I’m not ready to call a housing market bottom. I do believe however that foreclosures have price-bottomed in our market. Unfortunately I [...]
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| How to File an Ethics Complaint Against a REALTOR in Minnesota - 06/16/2009 |
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The Minnesota Association of REALTORS (MNAR) has put together a video overviewing the ethics complaint process. Take a peek. If you’d like to file a complaint against an agent, please click here for the form and more information.
Related Posts:Jim Cramer: Housing Market Has BottomedHere comes statistics in a videoMinneapolis Area Association of REALTORS Monthly Video [...]
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| 4.5% Interest Rates Hurt Housing - 06/10/2009 |
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In the last two weeks we’ve seen interest rates on 30 year fixed mortgages move from 4.5% to 5.5% (or higher) that’s a big OUCH. This full interest rate point swing has meant that almost overnight, buyers lost well over 10% of their buying power. Another way to look at it is housing just got 10% [...]
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| What Does “Not Disclosed” Mean Anyway? - 06/08/2009 |
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Over 40% of the sales in the Twin Cities currently occurring are foreclosures or short sales, what we at MAAR call “lender mediated sales.”
The RMLS of Minnesota recently revised their fields regarding foreclosures and short sales (after a year of much confusion over the old fields) and we now have separate fields for in foreclosure, [...]
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| HGTV’S HOUSE HUNTERS is Coming to the Twin Cities - 06/04/2009 |
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Received this info today. Application is here.
HGTV’s hit TV series, House Hunters, is coming to the Twin Cities and surrounding areas this summer and we’re looking for homebuyers and real estate agents who want to appear on the show! House Hunters follows buyers and their agents on the hunt as they find just the right [...]
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| Twin Cities Real Estate Rollercoaster - 06/03/2009 |
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Betsysoderlund wants the emotional roller coaster that is the Minneapolis real estate market to be less like the cork screw and more like the flume. – @betsysoderlund
This Twitter post last night sums up what many people in the real estate market are feeling right now. Things seem to be going up, down, left, right and [...]
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| HUD: Tax Credit Can Be Used on Closing Costs - 05/29/2009 |
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FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.
Under the guidance, FHA-approved lenders can develop bridge [...]
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| I’m P*ssed Off At Some REO(Foreclosure) Agents - 05/19/2009 |
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I try to behave myself, I try to keep my emotions tempered so that my opinions can be read and understood without coming off so harsh that people click away before they finish reading. Well today I just don’t care. This is a list (though not comprehensive) of the reasons that I’m sick and tired [...]
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| Twin Cities Multiple Offers Multiplying - 05/01/2009 |
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Ok so I’ve already discussed the surge of multiple offers this year… in fact I just talked about it two weeks ago. In just the last two weeks I’ve seen even more examples of multiple offers and they are now becoming the rule on properties priced well. In just the last 2 days I’ve had [...]
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