Exactly Where Are All Those $206k New Homes?? As [new home] sales rose, median prices . . . continued to fall, slipping to $206,200 from $232,100 in June a year ago. –Jack Healy, “New U.S. Home Sales Rise Sharply as Prices Fall“; The New York Times (7/27/09) The big financial headline today is an unexpected...Read More
Sizing Up (What’s Left of) the Summer Market Maybe it’s just the unseasonably cool weather prompting thoughts of Fall(!), but here’s how I see the Twin Cities housing market shaping up between now and Thanksgiving, when things traditionally slow down. Basically, I think the sub-$500k market has different qualities before and after Labor Day (housing...Read More
“Sold, Subject to Inspection” — Explained Upper bracket Twin Cities homes may not be moving quickly (if at all), but the pace of sales for more affordable housing — say, under $300k — is surprisingly brisk. Accordingly, more would-be Buyers are being told that the home that they just asked to see is already “sold,...Read More
[As they say on TV after a long interruption: ‘now, back to our regularly scheduled [real estate] programming . . .’] You’re Invited! Where: 2600 Inglewood Ave. South (St. Louis Park’s Fern Hill neighborhood)What: All-brick Georgian Colonial with 3 BR/2A, gorgeous hardwood floors (newly refinished), and just under 2,000 FSF How much: $374,900When: first open...Read More
If you’ve been around a Realtor lately, you may notice that they’re “clanking” more than usual. Thanks(??) to a recent security upgrade, all Realtors must now carry around a small plastic fob that generates random codes. To access the MLS (“Multiple Listing Service”) database, Realtors must enter the random code in addition to their User...Read More
