Doing Realtor Damage Control
Thanks to a Star Tribune story Tuesday chronicling a supposedly overheated Twin Cities housing market, crestfallen Buyers who repeatedly(!) came up short in multiple offers this Summer, etc., etc., several thousand local agents had to take a chunk out of their busy schedules this week to do damage control with their anxious selling clients.
At least, selling clients whose homes are over $500k.
Realtor Reality Check
At that price point, the Twin Cities housing market is much more balanced; above $1 million in some parts of town, it’s actually a Buyer’s market now, not a Seller’s market.
Of course, none of that nuance made it into the Star Trib . . .
See also, “Star Tribune Makes Life Difficult for Twin Cities Realtors. Again”; and “Star Trib: ‘Twin Cities Housing Market Seen as Buyer’s Market as Sales Decline.“