From the monthly archives: May 2011

We are pleased to present below all posts archived in 'May 2011'. If you still can't find what you are looking for, try using the search box.

Real Estate Market Still Weak, But Cities Transform Anyhow

North Minneapolis Ripped by Tormado; Rebuilding Underway

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 rates dropping, sellers aren't finding buyers. And when they do, buyers are making low-ball offers and sticking to them. A local realtor told us that "it's a tough market right now, but if you have the cash, you can certainly find some great deals."

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.

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