Serving Minnesota Home
Buyers Since 2004

May
25

Trulia: Housing market inching closer to normal | Inman News

Clearly we are not out of the woods yet but it is good to see we continue inching closer to better days for Minnetonka real estate.  In my neighborhood in Minnetonka, MN homes have been selling pretty fast.  Most of the Minnetonka homes for sale around me have a sold sign on them in less than 60 days

Trulia noted that while existing home sales dipped slightly from February to March, they were up 10 percent from a year ago. Residential construction posted a 47 percent annual gain in March, and the share of mortgages in delinquency or foreclosure fell to 9.96 percent, down a full percentage point from the same time last year.

This month’s improvement is even better than it looks, said Trulia Chief Economist Jed Kolko, because of a shift of sales from distressed to conventional and early signs that the inventory crunch may be easing, which would bring some relief to would-be homebuyers.

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