We are frequently featured in the media about issues that affect the Twin Cities residential real estate market. The articles listed below are representative of our status as a trusted resource on real estate issues.
Star Tribune | Jim Buchta | July 6, 2008
Home buyers waiting as rates rise, prices fall
"I do believe that, as people enter the marketplace, they become very sensitive to the small shifts."
– Kevin Knudsen, 2008 MAAR President
Lakeshore Weekly News | Andy Fazendin | June 24, 2008
Real Estate Update: Welcome news for sellers
"This is welcome news for sellers. It's a crucial step towards bringing supply and demand into greater balance. Not only have the number of homes for sale declined, but buyer demand is now showing some positive signs of leveling out."
– Kevin Knudsen, 2008 MAAR President
Star Tribune | Jim Buchta | June 22, 2008
Latest must-have home feature: A short commute
"It's definitely on people's minds. When dollars tighten up, people move closer to the city. When money frees up, people spread out."
– Patty Plourde, Exit Realty Imagine, MAAR Member
"It used to be that they were willing to live anywhere within 30 minutes from the company headquarters, but now they want a house within a 10-mile radius. It's having an effect in all price ranges; It's not just entry level buyers."
– Jim Datallo, Edina Realty, MAAR Board Member
"There is so much more concern about the environment that people pay attention to what the impact is, and not just the dollars. I can name 10 people who made that choice."
–Fran Davis, Coldwell Banker Burnet, Past MAAR President
Star Tribune | Jim Buchta | June 12, 2008
Is a turnaround around the corner?
"The market is losing weight. If this pattern continues, it (signals) the recovery of that marketplace."
– Kevin Knudsen, 2008 MAAR President
Star Tribune | Lara Jakes Jordan | May 28, 2008
U.S., Realtors settle 2005 lawsuit over online brokers' MLS access
"This settlement will not have any impact on how brokers are providing MLS services to consumers or how consumers will be accessing data on broker websites. Our marketplace from early on has provided for a very robust delivery of property information to consumers by broker websites."
– Mark Allen, MAAR Chief Executive Officer
Star Tribune | Jim Buchta | May 9, 2008
Housing market more stable as listings decrease
"There's a long ways to go before we're out of the buyer's market. It's a long process, but it starts with the reduced seller activity."
– Pat Paulson, Exit Lakes Realty, MAAR Board Member
Star Tribune | Jim Buchta | May 7, 2008
A drag on the housing market
"The traditional seller is not doing as badly in the marketplace as our statistics have shown (once distressed properties are taken out of the equation). This tool can't forecast anything; It informs the consumer about what's really going on, and it shows that there are differences in the market."
– Aaron Dickinson, Edina Realty, MAAR Member
"This is the first time that we've been able to put a framework around those two markets and gain some perspective."
– Kevin Knudsen, 2008 MAAR President
North News | Kerry Ashmore | April 30, 2008
The Foreclosure Flood
"The rebound will be very gradual; I anticpate at least five more years of a buyer's market. (Signs of a rebound) don't mean we're going into a boom any time soon."
– Pat Paulson, Exit Lakes Realty, MAAR Board Member
Burnsville This Week | April 26, 2008
Sellers relax inventory growth
"The brakes have been tapped on inventory growth, but the market's still attractive for home buyers due to improving affordability and softening prices. The market seems to be shouting 'buy already!' Conditions are as favorable as we've seen in a few years, but it may not last."
– Kevin Knudsen, 2008 MAAR President
"We shouldn't mistake flat supply as a sign that the tide has already turned. Sellers still face a challenging market."
– Steve Havig, 2009 MAAR President
This Week Online | February 15, 2008
Prices and interest rates fall, affordability at four-year high
"In simplified terms, things need to go down before they can get up. Affordability will help kick-start the rebound. It's elementary supply and demand."
– Kevin Knudsen, 2008 MAAR President
MN Real Estate Journal | February 1, 2008
Metro home sales plunge 16.4 percent in 2007
"No doubt about it, we still face some tough times ahead. Anyone who tells you that the rebound will be quick and painless just isn’t paying attention."
– Kevin Knudsen, 2008 MAAR President
Minneapolis/St. Paul City Business | Erik Borg | January 17, 2008
Realtors: Market slow, but may rebound
"Anyone who tells you that the rebound will be quick and painless just isn't paying attention.."
– Kevin Knudsen, 2008 MAAR President
Star Tribune | Jim Buchta | January 17, 2008
Metro home prices fell for first time in 20 years
"It's significant in that prices declined. But insignificant when you look at long-term price growth."
– Mark Allen, MAAR Chief Executive Officer
Star Tribune | Lynn Underwood | January 12, 2008
Prices forecast to drop for first time
"In today's market, you have to price a home so it's perceived as a good value. You have to beat the competition."
–Deb Greene, 2007 MAAR President
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