Get the Skinny!

September 2022

The Minneapolis Area Association of Realtors crunches numbers on the Real Estate Market each month. Here is what they had to say about September 2022! (Full Video below)

We all know the following - 

• Interest Rates have increased this year
• There are still not enough homes for sale
• Some buyers have been priced out of the market

Here are the September #'s for 2022 as compared to September 2021.

Pending Sales decreased by 29.7% Closed Sales decreased by 23.9% Medi...

Get the Skinny on Real Estate Trends in Your Area! May 2018

May 2018 numbers are in. June numbers will be out toward the end of July.

*Pending Sales decreased by 5.9% from May 2017

*Closed Sales decreased by 11.3% from May 2017

*The number of homes for sale decreased 17.8% from 2017

*This left the month supply of homes at 2.1 months~ 

*Prices increased 8.4% with the median sales price of $271,000

*Sellers netted 100.2% of their asking price.

For all the numbers and statistics, the full...

Home Appreciation is Growing Faster and

Faster and Faster and......

FASTER!!!!! We've all heard it in the news over and over again.... There aren't enough homes for sale! Homes are selling for more and more... 

The news is correct! The lack of homes on the market is pushing the prices up higher and higher... Multiple Offers are now a commonality in Real Estate!

The National Association of Realtors reported that the first quarter of 2018 saw a 5.7% appreciation nationally! Home prices in th...

Would you like to Pay off Your 30 Year Mortgage in LESS than 30 Years?

I would!!! I would!!! I would!!! Both of my hands are in the air! (Feet too).

Do you remember when you closed on your house? Do you remember when your closer showed you the Amortization Schedule? It showed you that for the first 15 years, more than 50% of your monthly payment pays more interest than principal... sigh... And we accepted it because that is what happens when you buy a house~ Right.?.?.? Wrong!!! We were wron...

Get the Skinny on Real Estate Trends in Your Area! February 2018

March 2018 numbers are in. April numbers will be out toward the end of May.

*Pending Sales decreased by 12.2% from 2017

*Closed Sales decreased by 10.3% from 2017

*The number of homes for sale decreased 26% from 2017

*This left the month supply of homes at 1.7 months~ 

*Prices increased 9.8% with the median sales price of $258,000

*Sellers netted 99.1% of their asking price.

For all the numbers and statistics, the full Mi...

2017 Seller's and Buyer's...

Who are they???

I admit it... I am a Real Estate Nerd! (and I'm not afraid to shout it) I love to read about Real Estate! The National Association of Realtors released an article titled 2017 Profile of Home Buyers and Sellers. It's a Great Read!

 

Did you know???

The average buyer in 2017:

*The typical age of a buyer rose to 45!

*People buying new construction was only 15% of the market (this is low compared to 29% in 1989)

*First Time home buyers made up...

Is the Housing Market Going to Crash Again?

There is a lot of talk about another Real Estate Market 'Crash'... There is a lot of wonder about should I buy now or wait a bit so I can buy low when the market 'crashes' again.... There is a lot of people asking what they should do..... 

As I contemplate my answers in front of my 'Crystal Ball'... haha! I wish I had that Crystal Ball!!!! I don't... But I do have data... from then and from now... and data is a GREAT alternative to that 'Crystal Ba...