Thursday, March 29th, 2012

Spring cleaning can be so cathartic

By Veronique Kipen

Make it easy on yourself and cart your cleaning supplies in a caddy, like this pail.

In the beginning, there was dirt. Lots of it. From the layer of black ash put out by coal-fired heaters to the sooty grime of gas and kerosene lamps, for turn-of-the-century housekeepers, spring cleaning was a necessity. A hundred years later, we’re free to choose. The urge to clean house when the days turn balmy springs as much from the soul as the grime.

“Spring cleaning is cathartic,” says Maggie Bright of Mackerel Sky Design in Malibu, Calif. “It frees you up from those jobs you’ve left undone that have been hanging over your head for months.”

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Monday, March 26th, 2012

In another sign that the six-year long housing slump could be coming to an end, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) reached 28. To put that in perspective, it went from above 70 in 2005 to below 10 in 2009. The HMI has not seen 28 since June 2007. This and other landmark data points are coalescing to signal calmer waters ahead. That’s not to say you should expect double-digit annualized appreciation, but both buyers and sellers are displaying the sort of confidence that is fluttering through the rest of the economy.

In the Twin Cities region, for the week ending March 17:

  • New Listings decreased 1.3% to 1,406
  • Pending Sales increased 23.1% to 1,029
  • Inventory decreased 27.5% to 17,088

For the month of February:

  • Median Sales Price decreased 1.4% to $138,000
  • Days on Market decreased 9.0% to 145
  • Percent of Original List Price Received increased 2.5% to 90.6%
  • Months Supply of Inventory decreased 35.2% to 4.

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in Weekly Report |
Wednesday, March 21st, 2012

Wednesday, March 21st, 2012

Buyer activity: up. Seller activity: down. That could soon change if sellers begin to increase their activity levels entering the spring market. They’ve understandably been a tad shy lately, but the changing landscape is starting to register with well-informed homeowners looking to move. Buyers have shown that they refuse to let one of the most attractive purchase environments pass them by. As activity revs up this spring, not all segments will benefit equally. Which is exactly why the numbers are so central to assessing both the breadth and depth of market recovery.

In the Twin Cities region, for the week ending March 10:

  • New Listings decreased 0.3% to 1,450
  • Pending Sales increased 20.9% to 995
  • Inventory decreased 24.3% to 17,899

For the month of February:

  • Median Sales Price decreased 1.4% to $138,500
  • Days on Market decreased 9.1% to 145
  • Percent of Original List Price Received increased 2.6% to 90.6%
  • Months Supply of Inventory decreased 35.8% to 4.7

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in The Skinny |
Monday, March 12th, 2012

The last six years or so have been tough on home prices, and even the most optimistic prognosticators say it will take another six years for median sales prices to approach the halcyon days of assured annual value increases for home sellers. Generations of stable home price increases gave way to a boom-and-bust cycle that would have made the Pets.com sock puppet blush. As we enter what should be an active spring market, our communities would do well to focus effort toward creating healthy, happy homes. With those in place, prices will rise again.

In the Twin Cities region, for the week ending March 3:

  • New Listings decreased 23.2% to 1,402
  • Pending Sales increased 29.7% to 940
  • Inventory decreased 22.9% to 17,818

For the month of February:

  • Median Sales Price decreased 1.1% to $138,500
  • Days on Market decreased 9.0% to 145
  • Percent of Original List Price Received increased 2.6% to 90.6%
  • Months Supply of Inventory decreased 36.5% to 4.6

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in The Skinny |

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