Housing Market Still Tough

The Minneapolis Star Tribune reports that the housing market is still tough…

During the [last] quarter, home values fell 12 percent in the Twin Cities metro area compared to the prior year, and Zillow said it was one of the worst quarters since it started tracking real estate trends in 1996.

And estimates for improvement are not optimistic…

Estimates for a recovery in the Twin Cities metro area range from early 2011 to late 2012. Last month the local Realtors’ association said Twin Cities home sales during 2010 were the worst on record. Foreclosures continue to play havoc with the market, keeping prices low and flooding the market with hard-to-sell inventory.

It’s a time when a home buyers really needs an expert to help them through the mine field – someone like an exclusive home buyer agent.

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One Response to Housing Market Still Tough

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