Monthly Archives: May 2011

Real Estate Market Still Weak, But Cities Transform Anyhow

A recent report in the Minneapolis Star-Tribune states that home prices in Minnesota’s largest city are at their lowest point since 2006. Prices still may not have hit bottom, experts say, and the uncertainty in the housing market is leading … Continue reading

North Minneapolis Ripped by Tormado; Rebuilding Underway

Two days after the F-2 tornado ripped through Minneapolis’s North Side, we checked on our properties throughout the neighborhood. With a backdrop of fallen trees and flashing lights, and to a soundtrack of generators, chainsaws and emergency vehicle sirens, residents … Continue reading

Home Sales Still Lagging

With an ever-increasing inventory of foreclosed homes, it’s a buyers’ market in the Twin Cities real estate world. The Star Tribune reported today that both in Minnesota and around the United States. Even with prices at record lows and mortgage … Continue reading

More Foreclosures = More Trash Outs

Recent studies suggest that the foreclosure crisis is far from over, and here in the Twin Cities the rate of underwater mortgage holders – figures range from 17 to over 50 percent – continues to grow. With a huge inventory … Continue reading