Minneapolis – St. Paul Real Estate Information
We’ve all read the negative news about the Twin Cities housing market. Star Tribune reported that Twin Cities’ home prices have dropped accumulatively 16% over the last year.
Many people think that the reason for the price decrease is that there are more homes on the market than ever, and they are just sitting there. This [...]
Posted on January 13th, 2009 by Steve Hong
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Minneapolis Real Estate Market Update
As you know, the Minneapolis real estate market for 2007 was in flux. America, as a whole, was experiencing what felt like a recession, even if it didn’t fit the technical definition of the term. The fundamentals of the economy may or may not have been strong, but the housing [...]
Posted on November 6th, 2008 by Steve Hong
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The National Association of Realtors publishes the Real Estate Insights monthly. If you want a copy of the latest issue in pdf format, just drop me an e-mail.
There are some market indicator statistics that are published in this newsletter. A quick glance includes the following:
Existing home inventory is up.
Existing home sales is down 1% from [...]
Posted on July 28th, 2008 by Steve Hong
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When I meet people for the first time, they usually ask THE question when I mention that I’m in real estate. The question: “How’s THAT going?” or “Isn’t that a tough business?” or “Isn’t it hard to sell homes right now?” or somthing else to the effect. Frankly, the real estate market is not as bad [...]
Posted on July 18th, 2008 by Steve Hong
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With gas prices here in Minneapolis approaching $4.00 per gallon, we all are thinking of ways to save gas. Whether it is buying a hybrid car, or just driving less, saving gas is not only helping the planet, but also our pocketbooks. In real estate, we drive between many houses whether it is with buyers [...]
Posted on June 5th, 2008 by Steve Hong
Filed under: Conservation, Market Trends | No Comments »
Everybody wants a bargain. Everybody knows foreclosures are bargains. Are they? In this article, we’ll take a look at what happens with a foreclosure. Being in the Minneapolis area, this information is more pertinent to the Minneapolis and St. Paul area houses, although it might apply to other areas as well.
But first, here is some [...]
Posted on April 11th, 2008 by Steve Hong
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Minneapolis, MN