Real Estate Blog for the North & East Twin Cities

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January and February 2010 Twin Cities Real Estate Market Video Updates—A Real Estate Double Feature!

The February Monthly Skinny from the Minneapolis Area Association of REALTORS® was released last week. They say time flies when you are having fun...Well, I have been having fun working with several buyers and traditional sellers to get their homes prepared for the spring market so I missed posting the January Skinny. So...It is Double Feature time! The January Skinny was a year end update for 2009 as we closed the book and took a huge step toward a balanced market in the Twin Cities. As many of the community snapshots I have posted over the past 3-4 weeks have stated, this is due to many factors. Most noteably, historic affordability, low interest rates, the first time buyer tax credit and pent up demand.





The February Skinny recaps a slow start to 2010. While traditional sales were finally up, home prices are stabilizing and market times are down, there is still reason to be concern. The tax credit for homebuyers that has spurred home sales over the past few months will soon expire. Add to that, the Federal Reserve has announced it will no longer purchase mortgage backed securities which is predicted to cause interest rates to rise...2010 will be an interesting year for buyers, sellers and home owners.


If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet, Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

 

Buying a Home? Check out my HOME BUYER'S BLOG!

Copyright 2010 Teri Eckholm http://www.terieckholm.com/

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7 comments • Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes • February 25 2010 10:02AM

Comments

Teri,
Good video about real estate, buyers love this kind of information, so keep the good work and I it's always a pleasure to check your blogs !

 

Posted by Aurora Colorado Real Estate Ray Saenz, Colorado Realtor (United Property Brokers, Inc) 5 months ago

Good to see your market moving in the right direction. I'm ready for Spring.

Posted by Terry Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate (Westbrook Realty Broker-Owner) 5 months ago

Hi Teri, The videos didn't pop up on my version. The site has really slowed down in response time.

Anyway, interesting points on the what the market's will do after April, and if the rates tend up that will slow down many would be buyers into postponing while they consider the ramifications. ( procrastinate ) Of course then, if they continue to wait, they will be shut out all together. I know that at 5% and below , a whole lot of people are qualifying and we can only hope they take advantage of the market while they can.

Posted by San Diego Real Estate Voice authored by William Johnson GRI CRS e-Pro CDPE (RE/MAX Associates) 5 months ago

PS, After I posted my comment, I went back up and there they were, (the Skinnies)  popped right up on the screen.

Posted by San Diego Real Estate Voice authored by William Johnson GRI CRS e-Pro CDPE (RE/MAX Associates) 5 months ago

Ray--Glad you enjoyed...These are pretty interesting videos!

Posted by Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes (REMAX Specialists) 5 months ago

Terry&Bonnie--I totally agree with you...Time for Spring!

Posted by Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes (REMAX Specialists) 5 months ago

William--Glad the videos started working...The comments are recaps from the second video. Interesting questions and only time will tell.

Posted by Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes (REMAX Specialists) 5 months ago

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