U.S. Housing Prices: Buy Now or Later?

Trying to figure out the best time to buy a home is always difficult.   The real estate market may be on the road to stability, but there are some confusing signals in the market place.  Huge price increases in homes suggest that those that wait may miss out on an opportunity.  Others point to possible interest rate increases, slowing price gains, and weak construction data to point to another slow down in real estate. If you need more information to help you make a decision on whether to buy... Read more »

Home values bounce back around the metro

Twin Cities homes values are seeing huge increases after many years of flat or declining values.  Many metro counties are reporting big gains in home values and increases home improvements.  These sharp increases are already starting to be reflected in some homeowner’s tax statements. Some see these market value increases as an end to an “extraordinary” period of time marked by drops in home value to a more stable or recovering market.   Full Article-Peterson, D. (2014, April 27). Home... Read more »

Home sales cool, but prices march forward

Limited inventory and harsh winter weather slowed home sales last month, but home prices continue to rise.   March is now the fifth straight month of lower year over year sales declines.  The median home price of March closings did rise to $190,000 a 7.6% increase.   Experts contradict fears of a slowing recovery and cite weather and increases in listings as home owners see equity increases.  Homeowners and Realtors are optimistic and excited over signs of a brisk start to the spring selling... Read more »

Phil McDermott is now a part of Real Estate Masters

Phil McDermott is proud to announce a new broker affiliation with Real Estate Masters.   You may have noticed a few minor changes to MyTwinCitiesRealty.com, but it is still the same great place for all of your Twin Cities real estate needs.  Keep checking in to MyTwinCitiesRealty.com for updates on the Twin Cities housing markets and useful homeowner tips and information.  Contact Phil and go to MyTwinCitiesRealty.com to start your home search or get more information on selling your home.  Read more »