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March 2017
Seller's are Jumping for Joy!!! Buyers are pulling up their sleeves and fighting for the houses they want!
February numbers have been tallied!
*Pending Sales rose slightly by .5% from 2016
*Closed Sales decreased slightly by .7% from 2016
*The number of homes for sale DROPPED significantly by 25.3% from 2016
*This left the month supply of homes at 1.8 months~
*Prices increased 7.6% with the median sales price as $223,00...
1.3 MILLION Home Owners became 'EQUITY RICH' in 2016!
Are you one of them?
Real Estate has made a come back! 2012 marked the turning point! Each year since 2012, more and more home owners have came out from being 'underwater' on their mortgage~ Last year, 2016, over 1 MILLION homeowners came above that mark!!! Another 1.3 Million became 'Equity Rich'!
Seriously Underwater - 25% or more of it's Loan to Value
Equity Rich - Less than a 50% Loan to Value
To read the full RISMedia Article...
Valentines Day Contest WINNER!!!
Every Month many of those I know receive a Monthly Newsletter filled with Real Estate Market News (and a fun contest!). I want to make sure you keep current on the market! If you wish to subscribe, please see the link below.
The February Newsletter Contest was...
Send me a story about someone or something that has touched your heart!
The Winner is Wayne A :)
Congratulations to you! Thank you for sharing :) Congratulations Again!!!
Remember, I will ha...
How Long will it take to Sell my House in MN?
The Minnesota Real Estate Market is Moving Quickly! How Quick? When compared to the rest of country, Minnesota is in the top 5! Statistics show that on average, houses are selling in under 30 days!!! This is great news for sellers! What Seller doesn't want to sell at list price? What seller doesn't want a bidding war over their home, getting them top dollar? While this situation make most sellers happy, it is also a bit frightening... Quick sales...
Home Values are on the Rise... Is this another BUBBLE?
This is a question that I am being asked quite often lately. While it is true that values are increasing rapidly, researcers believe that we are not in a BUBBLE type environment. The rise in value is simply a supply and demand situation. The number of homes listing are NOT listing fast enough to keep up with the demand of the buyers out looking to buy! So, while this supply and demand is causing values to rise and this to be very much a se...
