Here is an interesting article, relevant to you if you are considering buying or selling a home in the Twin Cities this year.
http://www.prweb.com/releases/Minneapolis-housing-2013/home-buyers-market/prweb10396169.htm
From my own personal experience of operating a mortgage company and owning several properties, the Twin Cities marketplace was one of the very first in the country to turn south. I can recall speaking to a buddy who ran a mortgage company in Atlanta in 2007 telling him how the market was eerily quiet. He was shocked and said his production was only down 6% year-over-year at that time (early Spring). I told him the Case-Shiller projections for 20% price declines in some markets. This was before most people has heard of the Case-Shiller data. He could not believe it!
Well, believe we all have had to accept.
So, it is not surprising to me that now this marketplace is showing great strength rising out of the doldrums.
BG
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