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2012 Annual Housing Report

February 3, 2013 By Annie and Bob Pacieznik Leave a Comment

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

January 24, 2013 By Annie and Bob Pacieznik Leave a Comment

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

December 31, 2012 By Annie and Bob Pacieznik Leave a Comment

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

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