Posts in Local Market Update

I know something is going on about our local marketplace when portfolio buyers come in to visit with us regarding buying as much inventory as possible in the Minneapolis, St. Paul area.

This month alone, I've personally met with several buyers with the capability of acquiring approximately $50 million dollars of real estate within the Twin Cities marketplace. The problem is simple, not enough inventory to acquire in the short timeline these investors wish to acquire their real estate portfolio's.

These investors are looking to acquire single and multi-family homes in the Cities from distressed entry level homes to executive lakehomes; as long as the properties fit their business models.

Here's is what we're looking for:

Single and Multi-Family homes in need of repair 100K-1.0M

Apartment buildings 500-2.0M Cap Rate minimums

Curb ready New Construction Developments and or groups of lots for our Builders Pool in the Twin Cities.

Should you have the means of getting our investors connected for any of the above; let me know and you can be assured we'll take care of you :)

2012 is the launching pad to normalcy!

DIRECT LINKS FOR ALL RESIDENTIAL, INVESTMENT,LAND AND COMMERCIAL REAL ESTATE TO THE FOLLOWING CITIES HERE>>> Andover, Apple Va

The Twin Cities real estate market is experiencing a very similar transition phase in the housing market as recently reported by Ben Bernanke, Chairman of the Board of Governors for the Federal Reserve System.  Ben spoke at the 2012 National Association of Home Builders International Builders' show in Orlando  Florida. 

He says that the economic recovery began more than two years ago, however most Americans would say that they didn't feel or experience the recovery.  Particularly those Americans who's livelihood depends on the housing sector of living. 

Twin Cities housing market has revealed parallel trends and conditions associated with the balance of supply and demand.  For the past few years, the actual supply of single family homes greatly exceeded the effective demand of home buyers.  The supply and demand ratios are reversing at a relatively blinding pace here in the Twin Cities.  Numerous factors have impacted these transitions and they include:  Record Housing Affordability Indexes, Record Low Interest Rates, increased amount of investors and investor activity (over 40% Cash Buyers), reduced number of pending foreclosures associated with the most recent re-finance programs for homes in a short equity position.  The Federal Reserve and other bank regulators have utilized tools and programs to ensure that the banks have enough capital to cover mortgage losses while continuing to lend at such great r

The biggest mistake just about everybody makes on any financial decision usually involves doing their homework.  The absolute same thing will likely happen to those considering investing in anything without investing the real estate market.  Financial experts are beginning to see the reverse trends associated with both supply and demand and affordability indexes.  A recent article titled, 'Buy a House, but don't overlook the details written by Kevin Storr opens with the following statement:  Head buried in the sand? Money buried in your yard? Only one of those options is financially fatal today.  The report is backed by financial experts at the Unversity of Alabama make statements like buying a $1,000  two month CD will make about 83 cents more than burying $1,000 in the sand.

The article goes on to say that most people don't take enough time to do their homework and typically default to holding off on real estate decisions.  I strongly recommend reading the rest of this story and making alliances with people who actually help with long term investment goals associated with real estate. 

In the US, housing starts increased 1.1 percent to a 10- month high of 635000 at an annual rate in November, with CNBC's Rick Santelli.  Hints of Improvement report from Minnesota here...

Re-blogged by 0 agents

Fact or Fiction? No Fiction here. The data below clearly shows that there are actual improved median sales prices in certain neighborhoods and at certain price points. The info sparks chart below clearly show higher median sale prices on home sold in January of 2005 increased by approximately 14% since then. Yes increased median sales on homes price above $599,900. Homes priced between $449,990 and $599,900 basically held there own in the Ecco Neighborhood in Uptown Minneapoils and median sale priced homes between $290,000 and $449,900 also held their own during the last seven years. Only homes priced under $200,000 dropped in median sales price (mostly condos in this bracket).

DIRECT LINKS FOR ALL RESIDENTIAL, INVESTMENT,LAND AND COMMERCIAL REAL ESTATE TO THE FOLLOWING CITIES HERE>>>

The Real Estate Market has struggled over the last five to six years depending on where you live.  However, the current under performing markets across the nation are particularly related to the 'tighter credit and mortgage' conditions which have held back recent buyer and consumer confidence in the marketplace.

The National Association of Realtors, "The Voice of Real Estate" and Lawrence Yun, Chief Economist have noted a sizeable pent-up demand based on important economic factors such as: population growth, employment levels and a doubling-up phenomenon that can't continue indefinitely.  This demand could stimulate the market quicker than expected as these conditions improve in 2012 and beyond. More on the Housing & Economic Recovery here...

As the voice of real estate for housing stakeholders, the National Association of Realtors have been actively participating in the housing summit, advocating for practical solutions to bring housing back into a balanced state.  So, yes, our economy is under-performing and yes every indication is that we're back to a new normal and aside from the 'ski-jump' that took place in the early 2000's, we have over 80 years of history showing consistent and predicatable appreciation in real estate across the natio

The housing market is one of the most critical elements outside of unemployment that is critical to our nations recovery.  Finally, someone has called the White House on the carpet on behalf of home-owners.  As the best advocates of home ownership rights, the National Association of Realtors President Ron Phipps calls President Obama for a Housing Summit prior to any proposed legislation and regulatory rule changes that could further put the housing crisis into a tail spin.  Read more here...

On another note, President Obama promotes another program that will focus on improving the re-finance criteria for credit worthy individuals who have been meeting their mortgage obilgations even if the borrower is in a short equity position.  The new program/guidelines would be one of the first positive moves for credit worthy borrowers wanting to stay where they currently are living.  This program should instill more consumer confidence into the marketplace.  Details here...