Someone who’s interested in this house ” and isn’t afraid it will sell first ” might plausibly sit tight a few more weeks (days??), and see how much lower the Seller will go. —City Lakes Real Estate Blog (June 9, 2012) In a post last week, I noted the aggressive pattern of price reductions (below) on...Read More
How Many “Active” Short Sales are Under Contract? Four thousand Twin Cities short sales — the number of “Active” such listings on MLS right now — certainly sounds like a lot. At least until you dig a little deeper. It turns out that roughly half of those are under contract. Because the bank(s) haven’t signed off yet, the...Read More
