Shortage of listings driving up Twin Cities home prices

The shortage of home listings in the Twin Cities is fueling higher home prices and quicker sales. Prospective home buyers in the Twin Cities need to be ready to make quick decisions and prepare strong offers. Full Article-Buchta, J. (2017, November 15). Shortage of listings driving up Twin Cities home prices. Minneapolis Star Tribune. Retrieved from www.startribune.com  Read more »

Home sales lean on sellers

Home buyers in the Twin Cities outnumbered sellers in October boosting prices and reducing the supply of homes for sale.   The Twin Cities market has also shown a 3.3% increase in signed purchase agreements from 2014.  New listings have not kept up with home buying activity, making the many Twin Cities areas a seller’s market. Full Article-Buchta, J. (2015, November 18).Home sales lean on sellers. Minneapolis Star Tribune. Retrieved from www.startribune.com  Read more »

Twin Cities housing market during September was best in decade

There were more buyers than sellers in the Twin Cities last month booting sales prices and closings to the best fall market in a decade. A strong market has been extended by good fall weather and good interest rates.  The fall sales numbers indicate strong momentum for the housing market for the rest of 2015. Full Article-Buchta, J. (2015, October 14). Twin Cities housing market during September was best in decade. Minneapolis Star Tribune. Retrieved from www.startribune.com  Read more »

Twin Cities home sales soar 30% in March, setting up strong spring

March home sales spring upward and set the stage for a strong spring market.   March 2015 saw a 30% increase in purchase agreements signed over last March. Traditional home buyers are leading the way now, as we approach an eighth year of recovery in the Twin Cities area real estate market. Few barriers remain for this recovery to be complete.  One that does remain is that 1 in 7 Twin Citie’s homeowners still owe more than their home is worth, which contributes to a tight supply in homes for... Read more »

Fewer sales but more solid footing for Twin Cities housing market

Twin Cities home prices had significant gains last year, as the economy improves and the foreclosure crisis nears its end.  By most measures 2014 the Twin Cities real estate market was at its healthiest since 2008. The market gains and stability bring optimism for an improving real estate market in 2015.  Check in with MyTwinCitiesRealty.com and Phil for more market info and for all of your real estate needs. Full Article-Buchta, J. (2015, January  15). Fewer sales but more solid footing for... Read more »

6 Things Everyone Should Do When Moving Into a New House

6 Things Everyone Should Do When Moving Into a New House Moving into your first home is exciting! But it also means you’ve got work to do. Read Visit houselogic.com for more articles like this. Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®  Read more »

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 »

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 »

MyTwinCitiesRealty.com is now on Twitter

Thanks for checking out MyTwinCitiesRealty.com.  Stay connected for Twin Cities real estate news and updated information for home buyers and sellers.  You can now follow us on Twitter @MyTCRealty and make sure to “Like”  the MyTwinCitiesRealty.com Facebook page. If you are thinking of buying or selling your home in the Twin Cities area start you home search at www.MyTwinCitiesRealty.com and contact Phil McDermott to answer any questions or help with any of your real estate needs.  Read more »

Inside Twin Cities’ housing market rebound: It’s real, but uneven

The Twin Cities is now entering its third year of gains in sales and home prices.  The real estate market in the Twin Cities continues to improve along with the local economy and lower jobless rates in the region.  This recovery is noticeably uneven in some areas throughout the Twin Cities.  Several markets, including many in Minneapolis sellers have seen sales prices that would have exceeded the peak of their market while some suburban homeowners are still probably years away from recovering... Read more »