I skipped over posting the Monthly Skinny from the Minneapolis Area Association of REALTORS in September, frankly because the news was old news....not too much has changed. In my opinion, we are somewhat at a standstill in the market since the expiration of the tax credit in the spring. It appears that most of the potential first time buyers bought a home in the past year. Not everyone though...many just couldn't get their offers in fast enough as there were many muliple offer situations on the well priced starter homes.
As this month's video update implies, the first time buyer is back in the driver's seat with more housing inventory, less competition for the houses and slightly lower prices over all.
If you are thought you missed the proverbial boat with the tax credit, maybe your ship has just come in. With more inventory and less buyers, a first time buyer should be able to negotiate a better deal on first home....And that could be potentially worth much more than the $8000 tax credit!
For more specific numbers on the September 2010 Twin Cities housing market, take a look....
If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet , Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. I specialize in
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acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.Copyright 2010 Teri Eckholm http://www.terieckholm.com/
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