Tag Archives: Real estate economics
Twin Cities Housing Market update. Week Ending Oct 08, 2011
Another great weekly housing market update from Minneapolis Area Association of Realtors. We continue to grind away at a faster pace on our inventory. This week’s year-over-year stats: Change in New Listings: -13% Change in Pending Sales: … Continue reading
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Sunday Morning Housing Market Chart
It’s Sunday Morning and being in real estate means today is a work day to be in Model homes, open houses or showings. As I walked out to the driveway I noticed a great chart indicating our current housing market. … Continue reading
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NAHB: October 2011 Improving Market Index
The National Association of Home Builders released their Improving Market Index. This index was started a couple of months ago by NAHB and First American. This index hasn’t hit upon the Twin Cities area yet, primarily because we are not … Continue reading
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The Nation’s 11th Largest Mortgage lender is getting out of the business due to excessive regulations
WOW! This puts things into perspective a bit. We all complain about the banks on their underwriting and that they are “not lending” now. I knew they were pummeled with new regulations but had no idea to what extent. The … Continue reading
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Twin Cities Metro Area’s Pent Up Demand, Census Demographics projecting future housing demand.
After reading the National Association of Realtor’s article about the 15 to 19 age bracket and their housing needs, in my previous post. It got me to think about our Region’s demographics and I was curious about some “ballpark” estimates … Continue reading
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Housing market hit bottom: former RealtyTrac exec. Catfish Recovery
Housing market hit bottom: former RealtyTrac exec. Well, it’s official, we have hit bottom! At least according to Rick Sharga, former RealtyTrac exec. The U.S. housing market hit bottom this year and will remain flat until 2014, when it will … Continue reading
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Operation Twist, and our housing market: Pretzel Logic
Here we go again.. Operation Twist has been launched by the Federal Reserve. The idea is the Federal Reserve will buy long-term T-Bills, $400 billion worth. The theory is it will lower the long-term interest rates. This is also supposed to give banks … Continue reading
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Households Doubling Up, this is the “pent-up demand” for housing.
The “pent-up demand” for housing is stuck right now with high unemployment. If we can get jobs creation going, allowing the younger age group to move out and create new households, the housing market will start to hum along. These … Continue reading
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More than 22% of mortgages still underwater
This is news, but not really. I am actually surprised it is not higher. With the values dropping as far as they have, it is surprising to me that more people don’t owe more than their home is worth right … Continue reading
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Twin Cities Real Estate Market Pent up Demand
We have all heard about the “pent up demand” for housing. What exactly is that? Quite simply, it is the younger generation that have not been able to enter the workforce because 14.9% unemployment rate and underemployment. It is possible … Continue reading
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