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reverse contingency

Realtor Broadcast Email: “Urgent Rental Need — Up to $3,000/Month — Open to Location”

Seller’s Market Side Effects “Twin Cities Housing Market Caught In A Supply Crunch As Demand Intensifies.” —Headline, Twin Cities Business (April 14, 2016) One of the side effects of a Seller’s market with very tight inventory is a surge in so-called “reverse contingencies,” whereby a homeowner agrees to sell only if they can find another...
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“Sure I Can Sell My House . . . But Where Am I Going to Move To??”

Explaining Why There’s Nothing for Sale:  A Theory Just when Twin Cities Realtors and brokers thought local housing inventory couldn’t get any tighter . . . it did. As of this week, there are barely over 10,000 units for sale in the entire 13-county metro area. That compares with more than 30,000 units for sale...
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