Tag

low inventory

Un-shooting the Messenger 2 Years Later, or, Not Lying to Get Listings

Housing Market, 2011 vs. 2013 I’m sure I’m not the only veteran Twin Cities Realtor who lost — at least temporarily — a prospective Seller sometime in the last 18-24 months relaying unwelcome housing market news. When I delivered the shocking — but accurate — information about prevailing prices at the time, the reaction I...
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Hey! Where’d All the “For Sale” Signs Go??

Shrinking Twin Cities Housing Inventory It’s been awhile since I tooled around my old, Southwest Minneapolis stomping grounds. And, prior to the election, it seemed like every other front yard had one big sign or another in it. But, with those all gone, and the trees and yards pre-Winter bare, I was struck by how...
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Asterisk Clauses Make a Comeback

“After You” . . . “No, After You” . . . “No, After You” Combine tight inventory in many Twin Cities neighborhoods with frustrated Buyers, and what do you get? Multiple buyers chasing the same property, including some making offers with what Realtors call an “asterisk clause.” Background For the uninitiated, a Buyer employing an “asterisk clause”...
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Lack of Listings Hits . . uhh, Home

Bare Cupboards, or “Yes, We Have No Bananas” The big story in the Twin Cities housing market this year — besides infinitesimal interest rates and firming if not rising prices in many neighborhoods — is the lean inventory (hmm . . . do you suppose there’s a connection amongst all those things?). Metro-wide, listings are at...
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Twin Cities New Listings, 2005 – 2012

  Peaks, Troughs, and (September) Stubs Detect any patterns in the chart above? Here’s what I see: –Twin Cities new listings predictably peak each Spring, in late April/early May; –New listings reach their cyclical low each December; –Since the housing market top around 2006, both the new listing peaks and troughs have been successively lower, with one notable...
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Advertising Buyer Needs

It Takes Two to Tango Do a Deal SOUTHWEST MNNEAPOLIS 2+ Beds, 2 Baths, 1,300+ sq. ft. Swanky Modern or Mid-Century Modern Joseph Arcand: 612-821-4232 –Excerpt, Edina Realty ad; Southwest Journal (February 20 – March 4, 2012) What do you do in a Twin Cities housing market characterized by falling inventory, and frustrated Buyers who...
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