Friday, November 14th, 2014
By Blanche Evans
November 14, 2014
There are two ways to build equity, or ownership, in your home. One is to pay what you owe your lender which reduces the principle owed on your mortgage, and the other is to take advantage of market upswings which increase the value of your home.

One way to build equity is to put more money down on the home you want to buy. Lenders have returned to tried and true models of income-to-debt ratios, requiring that borrowers put more money down when they purchase a home. While it’s still possible to get zero-down loans, such as those offered by the VA, most loans with low down payments require mortgage insurance.

Click Here to Read More>>

Monday, November 10th, 2014

Picture

As many markets begin to prepare for colder weather or festive family gatherings, a familiar seasonal slowing will begin to creep into the

weekly numbers. Yet housing activity can be expected to float along at a seasonally healthy pace like a fallen leaf on a lazy river. With no

big, negative economic news on the horizon, reliable sales, price and inventory figures, though not flashy, are quite welcome.

In the Twin Cities region, for the week ending November 1:

• New Listings decreased 9.2% to 1,076
• Pending Sales decreased 6.2% to 940
• Inventory increased 5.7% to 17,760

For the month of October:

• Median Sales Price increased 7.2% to $209,000
• Days on Market decreased 4.0% to 72
• Percent of Original List Price Received decreased 0.6% to 95.2%
• Months Supply of Inventory increased 10.8% to 4.1

VIEW FULL REPORT



Monday, November 10th, 2014

As many markets begin to prepare for colder weather or festive family gatherings, a familiar seasonal slowing will begin to creep into the weekly numbers. Yet housing activity can be expected to float along at a seasonally healthy pace like a fallen leaf on a lazy river. With no big, negative economic news on the horizon, reliable sales, price and inventory figures, though not flashy, are quite welcome.

In the Twin Cities region, for the week ending November 1:

  • New Listings decreased 9.2% to 1,076
  • Pending Sales decreased 6.2% to 940
  • Inventory increased 5.7% to 17,760

For the month of October:

  • Median Sales Price increased 7.2% to $209,000
  • Days on Market decreased 4.0% to 72
  • Percent of Original List Price Received decreased 0.6% to 95.2%
  • Months Supply of Inventory increased 10.8% to 4.1

All comparisons are to 2013

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

Posted in Weekly Report |
Tuesday, November 4th, 2014

Picture

In the buildup of anticipation for the season of pumpkin carving, caramel apple eating and haunted house touring, it came out that one number was spookily down. Homeownership is at its lowest point in 20 years and has been steadily dropping since the housing bubble years from 2004 to 2006. Interestingly, we are now at levels consistent with a healthy market. Also, rising rents should eventually give cause to more households seeking ownership positions. So-called bad news is good, especially in the dark days surrounding Halloween.

In the Twin Cities region, for the week ending October 25:

• New Listings increased 4.5% to 1,267
• Pending Sales decreased 10.4% to 861
• Inventory increased 5.5% to 17,894

For the month of September:


• Median Sales Price increased 5.1% to $205,000
• Days on Market remained flat at 71
• Percent of Original List Price Received decreased 0.9% to 95.6%
• Months Supply of Inventory increased 18.4% to 4.5


Monday, November 3rd, 2014

In the buildup of anticipation for the season of pumpkin carving, caramel apple eating and haunted house touring, it came out that one number was spookily down. Homeownership is at its lowest point in 20 years and has been steadily dropping since the housing bubble years from 2004 to 2006. Interestingly, we are now at levels consistent with a healthy market. Also, rising rents should eventually give cause to more households seeking ownership positions. So-called bad news is good, especially in the dark days surrounding Halloween.

In the Twin Cities region, for the week ending October 25:

  • New Listings increased 4.5% to 1,267
  • Pending Sales decreased 10.4% to 861
  • Inventory increased 5.5% to 17,894

For the month of September:

  • Median Sales Price increased 5.1% to $205,000
  • Days on Market remained flat at 71
  • Percent of Original List Price Received decreased 0.9% to 95.6%
  • Months Supply of Inventory increased 18.4% to 4.5

All comparisons are to 2013

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

Posted in Weekly Report |

User Registration

Forgot Password?
Back To Login

Enter E-mail: