January 21, 2009

Record "Housing Affordability"

Has Housing Hit Bottom?Key Metric Says “Maybe” Falling prices plus low interest rates equals improved housing affordability, right? Maybe. Even if it does, however, Buyers may be too gun-shy at the moment for that to matter. According to the four local realtor associations, the Twin Cities’ Housing Affordability Index (“HAI“) is now at 192, the...
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Edina Realty’s ’09 Annual Meeting

Surviving the Shakeout Edina Realty held its annual meeting for its 2,500-plus local Realtors today at St. Paul’s Xcel Center. I couldn’t catch all of it — clients come first — but what I saw was a combination pep talk, unusually frank discussion of today’s brutal market, and an emotional presentation by Bob Peltier, Edina’s...
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Tighter Credit — For Realtors, Too

“Put it on my Marketing Account — Not” It’s not just borrowers getting pinched by tightening lending standards — Realtors are, too. For years, Edina Realty and other brokers have basically extended credit to their Realtors through company marketing accounts. Print ads, mailings, Web site and technology fees — all the day-to-day expenses Realtors typically...
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Open House Sun. 2-4 p.m.

Linden Hills Charm Looking for a character-filled home near Lake Calhoun that’s perfect for a professional couple or family with small kids? Come by my open house at 3929 Washburn Ave. in South Minneapolis this Sunday (1/25/09) from 2-4 p.m. Highlights include: 4 Bedrooms, 2 Baths and over 2,200 finished square feet; a hillside setting...
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