The Skinny Blog

Housing Supply Outlook

The May Housing Supply Outlook is live all up in the interwebz. As usual, here's a quick feel for what to watch for in this in-depth, detailed look at supply and demand in the Twin Cities. Lately, there appears to be a jumbo-sized problem with home sales (if you know what we mean): While it's
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The January 2009 Housing Supply Outlook just hit the streets. As usual, here's a brief explanation of what to watch for: Thanks to increased home sales and declining new listings the January Months Supply of Inventory dropped to 7.6,  9.3 percent below the same time last year. The lowest months supply can be found in
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One of the starkest pictures found in today's Twin Cities housing market is the difference in sales activity by property type. Over the last twelve months, single-family detached homes have increased over the same period a year prior by 7.1 percent. On the other hand, townhome sales have declined by 11.4 percent and condominium sales
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Whatever opportunities there are in the lower price ranges are quickly being snatched up. While the inventory of properties for sale under $120,000 has increased by 83.9 percent in the last year, home sales in that segment have increased by 195.3 during the same time period. The net effect of this explosive sales activity is
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The months supply of total inventory in the Twin Cities housing market fell slightly to 9.5 months for October, which is 3.9 percent below last October. While the downward year-over-year movement is encouraging, we are still far from a balanced market. Home values continue to experience downward pressure as lender-mediated foreclosure and short sale properties
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The inventory of homes for sale continues to drop relative to one year ago, now 5.0 percent lower. Condominiums have seen the largest drop, falling close to 10 percent from this time last year. Unfortunately, they’ve also seen the largest decline in sales — muting the good news for condo sellers. Home values continue to
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The July Housing Supply Outlook is out. Once again, in the interest of making your time with this detailed report tool as efficient as possible, here’s a few items to watch for: The new construction market has achieved an important step towards its eventual recovery. The Months Supply of Inventory for new construction properties is
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The June Housing Supply Outlook is out. As usual, here’s a quick list of what to watch for, in the interest of making your time with this detailed report as efficient and productive as possible: The big story in the Twin Cities housing market this month is that the total marketwide inventory of homes for
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The May Housing Supply Outlook is out. As usual, here’s a quick list of what to watch for, in the interest of making your time with this detailed report as efficient and productive as possible: The entire housing market—in both supply and demand—is seeing a downward shift in activity towards the lower price ranges, likely
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The April Housing Supply Outlook is ready to rock. That’s code for "we just put it up on the website, so you should read it n’ stuff, or whatever." As usual, here’s a quick list of what to watch for, in the interest of making your time with this large and complex report as efficient
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The March Housing Supply Outlook has just "hit the streets," as it were. Dedicated fans of the HSO (as we call it) know that there is a literal deluge of information to absorb each month. In the interest of making your time with it more effective, here’s a few quick takeaways to look for: There
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Condominium supply continues to fall—the number of units for sale in the Twin Cities metro area has declined by 4.7 percent from this time last year. The entirety of that decline is due to a precipitious fall in new condo projects. There’s a direct correlation between home prices and change in Months Supply from one
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