Post-April 30 Hangover Here are some late June housing statistics (analysis costs extra). All info is for Edina Realty. –Drop in showings since expiration of Buyer tax credits April 30: 40%–Drop in “Pending” sales since expiration of Buyer tax credits: 40%.–Percentage of Buyers who are first-time: 48%–Percentage of homes sales under $250k: 80% The narrative...Read More
Real Estate as a Haven Conventional wisdom to date has been that a rocky stock market bodes poorly for upper bracket housing. That’s because, compared to other Buyers, upper bracket Buyers presumably have more exposure to stocks. When stocks take a hit, so does their purchasing power. Witnessing the latest stock market gyrations, I’m wondering...Read More
Stocking Stuffer Where: 48xx Portland Ave. South, in South Minneapolis When: went pending today (Christmas Eve) What: 5 BR/3 Bath stucco bungalow with over 2,200 square feet How (much): asking price – $209,900 Who: listed by Roman Dziuba, Minnesota Realty Every year, clients contemplating listing their homes around Holiday time ask about the wisdom of...Read More
Where: 2600 Inglewood, in St. Louis Park’s Fern Hill neighborhood What: 3 BR/2BA Georgian Colonial with just under 2,000 FSF How Much (Asking Price): $374,900 When: May, ’09 Who: Ross Kaplan, listing agent Case-Shiller may show that the Twin Cities dropped 6.1% in March, but that didn’t stop this handsome Colonial from selling quickly (technically,...Read More
January Numbers: Down 7.7% According to the National Association of Realtors (“NAR”), pending home sales fell 7.7% in January. A home sale is considered “Pending” once the inspection contingency is removed, but before the Buyer’s financing is finalized and the title is transferred at closing. In a typical deal locally, the interval between a “Pending”...Read More
