Market

Everywhere you look you see articles on the housing market. With the rise in interest rates and other economic factors housing markets across the U.S. are taking a beating.

In the Twin Cities of Minneapolis and St.Paul the number of homes on the market compared to buyers is currently at a 8 to 1 ratio! That is an all-time high. The ratio was 5 to 1 a year ago and 3 to one two years prior to that. The trend for the U.S. as a whole is similar in the glut of property on the market.  read more »

The current market conditions have changed considerably throughout the United States. I was in Orlando, Florida last week, and in one of the country’s hottest markets of last year things have cooled down. Last year at this time there were 3,000 single family homes on the market. As of February 28th there were 12,000 single family homes available. The newer developments that I drove through had For-Sale signs all over. Investors were trying to sell or rent a strip of town homes and a number of homes were For-Sale in the neighborhood. What is causing the change?  read more »