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For those that complain that we only hear negative news from the media, I offer this: A big shout-out to Jim Tice who answered the call for TV time and to the homeowner who spoke directly to our talking points without any coaching from us (promise!). FOX-9 TV kind of outdid itelf last night, continuing
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From the Department of Nice Surprises, we saw this come through the e-waves today: From: TDoyle@realtors.org [mailto:TDoyle@realtors.org] Sent: Wednesday, August 19, 2009 3:50 PMTo: tdoyle@realtors.orgSubject: A Brief Note from NAR Research Good afternoon.  By now, you have received your 2nd quarter NAR MLS Economic and Market Watch Reports.  We hope you and your members continue
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Flyover country. That is our label, no matter how many awards we win in Minneapolis for cleanest city or best place to raise a family or number of live theaters per capita. We can change our national perception if we can send someone to Real Estate Connect in San Francisco. That is our 50-word response
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Mark Allen, MAAR's CEO, will be a panelist at Real Estate Connect in San Francisco, Aug 5–7, 2009. Because of our involvement, MAAR has secured a 50% discount off the regular price of attending this unbelievable networking event. Click here or on the image above to get started. The special link from here and the
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Hi, I'm going first-person today. I'm Greg Sax, Communications Manager here at MAAR. You may recognize my voice from our weekly enotes or printed newsletter. I also do a weekly blog post over at the St. Paul Real Estate Blog every Wednesday. Usually I'm talking about things like the Naugahyde booths at Mancini's or the
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Some of you have likely seen this before, oft-forwarded via email as it was, but it bears another look with a fresh set of eyes. It’s a video made in early 2007 by one of those pesky interweb bloggers that plots inflation-adjusted U.S. housing prices as a roller coaster, painting a visceral picture that helps
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As you probably already know, last month we released "Foreclosures and Shortsales in the Twin Cities Housing Market" — a special research report that examines the growing prevelance of these lender-mediated properties, using a unique new methodology to track them in MLS data. We all knew that reactions to the report would likely be passionate,
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Ah, negotiation. An ancient and complex artform. Sometimes the difference between closing a deal and thwarting a deal is as small as a personal gesture of empathy. For instance, Jimmy Carter reportedly helped finalize the Camp David Peace Accords in 1978 by simply signing photographs to the grandchildren of the leaders of both Egypt and
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Some people have to rent. Like me, in college, when all my meals revolved around some reincarnation of Ramen noodles and warm cans of Pabst Blue Ribbon. I had no business owning a common house fish, let alone something with four walls and a roof. Some people choose to rent. These people are commonly referred
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If you listened to 89.3 The Current anytime in April or May, you likely heard this: "Everyone knows the mortgage market is in crisis and that it’s dragging down the rest of the economy. But what caused it? How can we get out of it? And how can homeowners and potential buyers in Minnesota protect
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With foreclosures and short sales becoming more than just a passing foot-note in the Twin Cities housing market, lenders and banks are being forced to dip their toes in waters they’d likely rather avoid. Whether they like it or not, they’re being forced to sell real estate. This is causing some growing pains, naturally. Financial
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With home values around the country in decline, being "upside down" on one’s mortgage is far more common these days. Some estimate that 5-10% of American homeowners are in some form of negative equity, with the potential for more to fall into that category in 2008 and 2009 as home values are dragged down by
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First-time homebuyers are the lifeblood of the housing market. The fuel that keeps the fire stoked. The oil that keeps the engine running. The mayonnaise that keeps the sandwich lubricated. Insert your own rote metaphor here. And, more often than not, first-time homebuyers are relatively young. They were probably born after 1975, young enough to
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Realtors know as well as anyone that humans are instinctively wired to be swayed by the bottom line and to scour for deals. Take two properties that are identical in every respect: location, square footage, condition, etc. Offer one for $250,000 and the other for $249,900 and guess which one sells first. Obviously, real estate
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There’s been a lot of talk—quite understandably so—about the picture being painted by national and local data on housing prices in recent months. For potential home sellers, the numbers haven’t been pretty. Numbers from the National Association of Realtors showed a March median sales price decline of 7.7 percent from a year ago. The Standard
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As many of you already know, the Star Tribune recently ran an in-depth three-part series on the Wright County real estate market called "From Boom to Bust." Wright County has experienced some tumultous changes in the last few years due in no small part to the real estate boom and resulting explosion of new construction
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With the national economy teetering on the brink of recession (and some would say already within one, and handily), AND legitimate inflation fears surfacing with reports like this and this, the Federal Reserve faces some tough decisions ahead. Which potential enemy do they fight first: economic contraction or price inflation? Cutting borrowing rates further certainly
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There’s a very interesting story from the Star Tribune today on the growth in rental properties around certain cities in the metro. In essence, a convergence of market factors is creating an environment where the flip from owner-occupied to renter-occupied is easier and, in some cases, more profitable. With the well-documented rise in foreclosures, a
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Call me crazy, but the tension between the media and the real estate industry is 100% fascinating. In case you missed it, there have been approximately 984,412 articles in the Twin Cities newsmedia the past two weeks on the local housing market. One on suburban foreclosures. One on the role of the credit crunch. Another
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REALTOR® associations have it rough. I know, I know…hearing us whine is not exactly what you come to this blog for. But hear me out. By some, we’re expected to be cheerleaders of sorts—shouting positive platitudes from the hilltops for all to hear, even in the darkest of times. Shining light on the silver lining
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…then I highly recommend taking a look at this slideshow produced by the folks at The Big Picture — a finance blog that ruminates on a wide variety of topics. Hat tip to the Inman Blog for bringing this to our attention. Advisory: The slide show contains subject matter and language not suitable for children.