Friday, September 28th, 2012

 

by The KCM Crew

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:

Supply Is Shrinking

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.

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Friday, September 28th, 2012

 

by The KCM Crew

Many sellers feel that the Spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the Fall and Winter have their own advantages. Here are five reasons to to sell now.

Only Serious Buyers Are Out

At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers’. The lookers are at the mall or online doing their holiday shopping.

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Friday, September 28th, 2012

 

Some people like living in the past. Others, like to live with it.

By Geoff Williams, FrontDoor.com

She couldn’t quite explain what it was, but Diane Turton sensed something odd about the house she was going to buy. For starters, she hadn’t planned on buying the home at all. As a Realtor, she wanted to sell it and earn a commission. But in 2005, as she stared out at a river from the dining room, she had “a weird feeling.” It was a sensation that was validated when she consulted a psychic, who not only seemed to know she was buying a house, but who added, “There are ghosts in the house, and the ghosts want you there.”

That’s the sort of statement that might make some homeowners turn pale, offer a nervous laugh and tell their real estate agent that they’ve reconsidered. Or maybe just laugh and brush it off. But not Turton. Intrigued and perfectly content with the idea of having a ghost in the house, she and her husband moved in.

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Monday, September 24th, 2012

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. Narrated by Emily Green (2012 Secretary, Minneapolis Area Association of REALTORS®), video produced by Chelsie Lopez.

Posted in Monthly Skinny Video |
Monday, September 24th, 2012

On September 13, the Federal Reserve announced its third round of quantitative easing (QE3). This time, it took the form of $40 billion in mortgage-backed securities (MBS) purchases each month. The goal is to bolster the stock market by diminishing returns on MBSs. This will make equities more attractive, which will provide capital to corporations, who should in turn hire and therefore spur consumer spending. If successful, that job creation and spending will resonate into housing consumption and reinvestment. New jobs fuel housing demand which alleviates underwater homeowners and supports home prices. Here’s how we rounded out the week.

In the Twin Cities region, for the week ending September 15:

  • New Listings increased 4.0% to 1,360
  • Pending Sales increased 18.4% to 978
  • Inventory decreased 29.5% to 16,479

For the month of August:

  • Median Sales Price increased 14.8% to $178,000
  • Days on Market decreased 23.9% to 107
  • Percent of Original List Price Received increased 4.2% to 95.1%
  • Months Supply of Inventory decreased 41.5% to 4.2

Click here for the full Weekly Market Activity Report.

From The Skinny.

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