Our local MLS has released it's 2012 Annual Report on the Twin Cities Housing Market. The report indicates that 2012 was a turning point in real estate as the housing market was on track to be a net positive contributor to the GDP for the first time since 2006. Whether it's thanks to the Fed's Continue Reading
Existing home sales hit 5 year high in 2012
Sales of existing homes hit a 5 year high in 2012 , according to NAR (National Association of Realtors). sales throughout the U.S. were up by 12.8% median prices rose by 11.5% inventories fell by 8.5% a 4.4 month housing supply (lowest since 2005). Continue Reading
Home Builder Confidence back to 2006 Level
Another sign that the housing market recovery is here to stay is the improved builder confidence score (National Association of Home Builders/Wells Fargo Housing Market Index (HMI)). "Builder confidence in the market for newly built, single-family homes rose for an eighth consecutive month...the Continue Reading