Thursday, February 28th, 2013

by The KCM Crew

Points About PointsMany homeowners are waiting until the Spring ‘buying season’ to list their homes for sale. Here are five reasons why that might not make sense this year:

1.) Demand Is High

Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.

2.) Supply Is Low

The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price.

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Wednesday, February 27th, 2013
Homeownership has health and social benefits for families.by alyssaderby

Moe Veissi, past president of the National Association of Realtors and a Realtor® for 40 years, pointed out the benefits of owning a home beyond tax reductions at the 2013 Capitol Conference. Some reasons to buy a home as opposed to renting are obvious. Homeownership is an investment and allows for independence. The effects of a steady home environment are even longer-lasting than many know and its effects are widespread.

1. Financial Gain
As an investment with increasing value, homeowners under normal housing market conditions (outside of the terrible bubble/bust housing years) experience tremendous wealth gains. Wealth is one of the strongest determinants of health and investment in homeownership has been the primary long-term strategy to build wealth in the United States. This positive correlation results in a happier and healthier home for the owners and their families.

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Tuesday, February 26th, 2013

by The KCM Crew on February 20, 2013

Some believe that our coverage of the housing market at times is too optimistic. Today, we want to report on Freddie Mac’s projections for the real estate market in 2013 as per their latest U.S. Economic and Housing Market Outlook.

Frank Nothaft, Freddie Mac vice president and chief economist, explains:

“Across the nation, most local housing markets have room for sustainable growth, particularly in home construction and sales. As the broader economy heals, expect to see more good news with house prices continuing their recent upward trend, and home sales and housing starts continuing to post strong growth rates.”

The report also offered projections on sales and prices.

Housing Starts and Sales

  • Projecting housing starts in 2013 will increase to 950,000 units or about 22 percent higher than 2012 levels.
  • Existing home sales are expected to pick-up as the house price recovery allows homeowners who have been forced on the sidelines by negative equity to get back into the market.

Read The Full Article Here

Monday, February 25th, 2013

Here’s an oldie but goodie: All Real Estate is Local. We’ve all heard it. It’s why industry insiders don’t pay much attention to national housing statistics. The national housing market is just an agglomeration of local housing markets. It’s like saying there is a national garage sale market. They’re all local. You don’t grab an umbrella in Miami based on the weather forecast in Seattle. So why would someone in San Francisco base a home sale or purchase decision on market data from Boston? Here’s your data for your local housing market.

In the Twin Cities region, for the week ending February 16:
• New Listings decreased 4.9% to 1,196
• Pending Sales increased 7.9% to 916
• Inventory decreased 31.0% to 12,309

For the month of January:
• Median Sales Price increased 14.3% to $160,000
• Days on Market decreased 24.1% to 107
• Percent of Original List Price Received increased 2.5% to 93.5%
• Months Supply of Inventory decreased 40.0% to 3.0

Click Here to View Full Weekly Activity Report

Posted in Weekly Market Activity Reports |
Monday, February 25th, 2013


Here’s an oldie but goodie: All Real Estate is Local. We’ve all heard it. It’s why industry insiders don’t pay much attention to national housing statistics. The national housing market is just an agglomeration of local housing markets. It’s like saying there is a national garage sale market. They’re all local. You don’t grab an umbrella in Miami based on the weather forecast in Seattle. So why would someone in San Francisco base a home sale or purchase decision on market data from Boston? Here’s your data for your local housing market.

In the Twin Cities region, for the week ending February 16:

  • New Listings decreased 4.9% to 1,196
  • Pending Sales increased 7.9% to 916
  • Inventory decreased 31.0% to 12,309

For the month of January:

  • Median Sales Price increased 14.3% to $160,000
  • Days on Market decreased 24.1% to 107
  • Percent of Original List Price Received increased 2.5% to 93.5%
  • Months Supply of Inventory decreased 40.0% to 3.0

Click here for the full Weekly Market Activity Report.From The Skinny.

Posted in Weekly Report |

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