Home Sweet Home, Insider-Tips on Minnesota real estate.

May's Monthyly Housing Video

The May Monthly Skinny video is online and ready for sharing. We make these videos so that you can stay up to date on the local housing market and provide your clients with the same info in an engaging, visual manner.

WATCH THE VIDEO

Another in-depth update on Twin Cities housing market trends. Well, it's at least 2:50 worth of in-depth

March Monthly Real Estate Skinny

The new Monthly Skinny video is online and ready for you. These videos are for you so that you can stay up to date on the local housing market and provide you with infomation in an engaging, visual manner.

February 2010 Monthly Skinny Video

The new Monthly Skinny video is online and ready for you. These videos are for you so that you can stay up to date on the local housing market and provide you with infomation in an engaging, visual manner.

Housing Supply Outlook – February 2010

The inventory of newly built homes has dropped to 2,175, down 32.6 percent from the last year. On the demand side, sales picked up during 2009 thanks to the federal tax credit for first-time buyers. The combined effect is that the months of supply of new construction inventory has fallen from 11.0 to 7.8 in the last year.

Does that mean its time for builders to start putting new projects in the ground? Not quite. The impending loss of the federal tax credit and a likely increase in mortgage rates down the road mean that downward pressure on home sales is on the horizon. Regardless, the new construction market is in a much better place than it was a year ago.

The biggest growth in new construction home sales can be found in the lower price ranges of single-family detached properties. Sales are up strongly in that segment over the last 12 months.

January 2010 Monthly Skinny Video

Where has the Twin Cities real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity.

To view click here

Monthly Skinny: December 2009

Where has the Minneapolis real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity.

http://www.youtube.com/watch?v=pv33mgjfPAA

Housing Supply Outlook – December 2009

In the overall Twin Cities market, home sellers are now getting closer to their original asking prices than they were a year ago. Dig a little deeper, however, and it becomes clear that it's only the Single-Family Detached segment that's seeing improvement. The lowest mark for Percent of Original List Price Received at Sale can be found in previously owned condominiums, which post a low mark of 88.6 percent. Homes below $190,000 are selling 49.9 percent faster over the last 12 months than they did the prior 12 months. Above $190,000, sales are down by 10.5 percent. | VIEW HSO

November Monthly Skinny Online

The November Monthly Skinny Videois 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.

Housing Supply Outlook – November 2009

The November Housing Supply Outlookis available.

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 of supply—an extreme seller's market.

Takeaway #2: The segment with the highest months supply? Single-family detached homes above $1,000,000, which have 37.6 months of supply. Things look even more extreme when you remove new construction properties from the equation—previously-owned homes in this category have 40.5 months of supply. In other words, it's a tough time to be a seller in the luxury market.

Takeaway #3: Sales are up from a year ago for every property type. The biggest growth in sales can be seen in the single-family detached segment, up 19.2 percent from a year ago.

September home sales up 9.4 percent, beating expectations

September home sales up 9.4 percent, beating expectations as tax credit spurs sales

By ALAN ZIBEL and ALEX VEIGA , Associated Press

WASHINGTON - Racing to complete their purchases before a tax credit for first-time owners expires, homebuyers pushed sales up last month by the largest amount in more than 26 years.

After jumping 9.4 percent in September, home resales are up nearly 24 percent from the bottom in January, the National Association of Realtors said Friday. But the housing market's momentum could easily peter out if Congress doesn't extend the credit of up to $8,000 for first-time buyers beyond its current Nov. 30 deadline.

For complete article click here