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November Monthly Skinny Online
Wednesday, November 18, 2009, 8:45 AM
The November Monthly Skinny Video is up on the interwebz. This month's edition is another quickfire update on Twin Cities market trends, this time with an emphasis on what the tax credit extension/expansion might mean for the next 6 months....
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Weekly Market Activity Report
Monday, November 16, 2009, 3:39 PM
With the home-buyer tax credit now expanded and extended, sales activity in the Twin Cities region slowed down as expected for the week ending November 7. And by "slowed down," we mean it "only" posted a 17.2 percent year-over-year increase...
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Heavy Buyer Activity Continues in October
Wednesday, November 11, 2009, 10:45 AM
Low mortgage rates, affordable supply and the home buyer tax credit kept home sales moving in October. There were 4,676 signed purchase agreements during the month, up 34.4 percent from a year ago—the 16th consecutive month of year-over-year increases in...
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Weekly Market Activity Report
Monday, November 09, 2009, 12:50 PM
The Twin Cities housing market continues to post strong pending sales figures as fall progresses. For the week ending October 31 there were 826 pending sales. That’s down from the week before but 42.9 percent greater than the same week...
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What the Tax Credit Extension/Expansion Means for the Local Market
Friday, November 06, 2009, 9:31 AM
Not sure if you've heard about this tax credit extension thingy? Maybe? The bill passed yesterday. Now first-time buyers have until April 30, 2010 to sign a purchase agreement and still be eligible for their $8,000 credit. The real kicker...
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November Housing Supply Outlook
Thursday, November 05, 2009, 10:39 AM
The November Housing Supply Outlook just hit the internetz. As usual, here's a few quick takeaways. Takeaway #1: The market segment that has the lowest months supply of homes for sale? Single-family detached homes under $120,000, which have 2.0 months...
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Weekly Market Activity Report
Monday, November 02, 2009, 11:14 AM
Did you get all your screams out over the Halloween weekend? Well here’s a scary thought to keep you in the Halloween spirit: we’re running out of homes to sell in the lower price ranges. For the week ending October...
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Kare 11 Story on Short Sales
Tuesday, October 27, 2009, 9:27 AM
Kare 11's Allen Constantini put together a story on last night's broadcast on the issue that will likely define the 2010 Twin Cities housing market: short sales. Through interviews with our President-Elect Brad Fisher and others, the story informs consumers...
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Weekly Market Activity Report
Monday, October 26, 2009, 12:40 PM
The end of the first-time home buyers tax credit looms just 30 days beyond a Halloween horizon, and home sales remain strong in the lead-up to tricks and treats and the impending tax credit DEADline. For the week ending October...
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Department of Unfortunate Incentives: Foreclosures Are More Profitable to Mortgage Servicers Than Short Sales or Loan Modifications
Thursday, October 22, 2009, 3:18 PM
A new study from the National Consumer Law Center reveals that mortgage servicing companies (firms that oversee loans but don't officially "own" them since they've been securitized and resold to other investors) may find it in their financial interest to...
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Weekly Market Activity Report (aka Wild Market Activity Rumpus)
Monday, October 19, 2009, 12:02 PM
The fall Twin Cities housing market has been full of wild things, mostly first-time home buyers stampeding to take advantage of the federal tax credit before it expires on November 30. The week ending October 10 was no different than...
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October Monthly Skinny Video Up On Yer Internetz
Friday, October 16, 2009, 11:28 AM
The October Monthly Skinny Video is up online and can be found here. This month's edition is another quickfire update on the market and digs into the effects of the first-time home buyer tax credit and the big differences between...
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Foreclosures now selling three times as fast as short sales
Thursday, October 15, 2009, 10:42 AM
Our Q3-2009 Update to "Foreclosures and Short Sales in the Twin Cities Housing Market" has just been released. Here's a few highlights: The inventory of available foreclosures is shrinking very quickly, while short sale inventory is not. Lender-owned foreclosure inventory...
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We're in a J-Lo Market
Wednesday, October 14, 2009, 1:00 PM
You know, J-Lo. We're in a J-Lo market. Know why? Hint: it has something to do with this chart below. Tell me your guess in the comments.
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Weekly Market Activity Report
Tuesday, October 13, 2009, 1:46 PM
Autumn may be bringing colder temperatures (and snow, too: what’s up with that?!?) but the Twin Cities housing market is still hot. Contrary to the typical fall slowdown, pending sales are gaining weekly momentum as home buyers take advantage of...
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