Viewing Posts for June 2012. 4 Posts Found.
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Information is Available

I recently had the opportunity to do some research about home sales, pricing, median sales prices days on market and inventory of homes for sale in the Twin Cities market. Like most consumers I have been watching the news, listening to radio news reports and reading the newspapers which always want to paint a very "national" or "market wide" report about what is going on in the real estate "industry".  ...
Posted by Robert Lennie on 06/27/2012

The 31%er's

The National Association of REALTORS® 2011 Profile of Home Buyers and Sellers reports that the Echo Boomers, also known as "millennials" -those ages between 18-34- represent 31 percent of all recent home purchases. In the next two decades the 62 million Echo Boomers will be the most active clients for today's REALTORS®.  While they may be delaying their home purchases in today's economy, ...
Posted by Robert Lennie on 06/20/2012

Are Big Homes Really Making a Comeback?

The Wall Street Journal ran an article on Friday, June 8th that homebuilders are reporting that bigger homes are "making a comeback". KB Homes, for example, states that the average square footage of new homes under contract is up 13% from last year. From a broader perspective, according to data from the US Census Bureau, the average size of a newly built home in 2011 was almost 2500 square feet, which ...
Posted by Steven Dock on 06/12/2012

Foreclosure Activity for April

According to RealtyTrac, an online resource for foreclosure properties and information, April 2012 shows foreclosure filings (default notices, scheduled auctions and bank repossessions) fell to 188,780 properties in April, the lowest monthly total since July 2007. "Rising foreclosure activity in many states and local markets in April was masked at the national level by sizable decreases in hard-hit ...
Posted by Robert Lennie on 06/05/2012
Viewing Posts for June 2012. 4 Posts Found.
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