Friday, October 10, 2008

Pending sales skyrocket over 40 percent as prices decline

From MAAR:

Minneapolis, Minnesota (October 10, 2008) – Buyers flocked to the Twin Cities housing market in September to take advantage of attractive home prices and a sunsetting federal loan program, according to the Minneapolis Area Association of REALTORS® (MAAR) based on data from the Regional Multiple Listing Service of Minnesota, Inc.

There were 4,036 pending sales in September, which represented a whopping 42.2 percent increase over September 2007's mark of 2,839. Closed sales, too, were up dramatically—34.9 percent higher for the same time period comparison. The last time there was a year-over-year pending sales increase even close to this large was in March of 1998 when the increase over March of 1997 was 38.6 percent.

"There really are some incredible buying opportunities out there and this is the surest sign yet," said Kevin Knudsen, MAAR President. "But we also need to keep in mind that September of last year was extremely slow, which makes these figures pop a little more."

Also adding to the influx of September buyers was "last call" activity before the October 1 dissolution of the FHA-sponsored seller-funded downpayment assistance program, which was the last of a dying breed of zero-down loan programs remaining on the market.

A hearty 41.6 percent of September's pending sales were lender-mediated foreclosures and short sales, up from 17.5 percent in September 2007. The increased market share of these bargain-priced properties led to further declines in home prices. The overall September median sales price of $189,900 fell from last year by 15.6 percent. Lender-mediated homes posted a median sales price of $146,000, a decrease of 11.5 percent from last year. Traditional properties had a September median sales price of $212,500, a decrease of 8.6 percent.

Due to the decline in home prices and another downtick in mortgage rates, the October Housing Affordability Index jettisoned upward from last month to 159, which is 21.4 percent higher than this time last year, and back up at extremely healthy levels following a few years of unsustainably low affordability. While challenging for sellers, this means a more accessible market for potential home buyers, thus the resurgence in sales activity.

"With all the uncertainties in the economy, it's hard to predict right now if the sales upturn will continue," said Steve Havig, MAAR President-Elect. "But the affordability and inventory choice picture is still very attractive, which bodes well for our long-term picture."

64 comments:

Anonymous said...

Hey there! I just wish to give you a big thumbs up for
the excellent information you have here on this post. I
will be returning to your blog for more soon.

my weblog; braun silk epil coupons

Anonymous said...

With havin so much content do you ever run into any issues of plagorism
or copyright infringement? My website has a lot of completely unique content I've either created myself or outsourced but it looks like a lot of it is popping it up all over the web without my permission. Do you know any solutions to help stop content from being ripped off? I'd
definitely appreciate it.

my webpage :: garlic mashed potatoes philadelphia cream cheese

Anonymous said...

I like the helpful information you supply to your articles.
I will bookmark your blog and take a look at once more right here
regularly. I am moderately certain I'll be informed many new stuff proper here! Best of luck for the following!

Feel free to surf to my site; how long do you bake digiorno pizza

Anonymous said...

Hello to every body, it's my first go to see of this web site; this webpage contains awesome and truly excellent information in favor of readers.

Stop by my webpage; one piece romance dawn

Anonymous said...

If some one desires to be updated with most recent technologies after that he
must be pay a visit this web site and be up to date every day.


My web site - obama nicorette video

Anonymous said...

This blog was... how do I say it? Relevant!! Finally I
have found something which helped me. Thanks!

Here is my homepage homemade dove body wash

Anonymous said...

all the time i used to read smaller articles which as well clear their motive, and that is also happening with this article which I am reading here.


My weblog :: fragrance free antibacterial dial soap

Anonymous said...

It's truly very complex in this busy life to listen news on Television, thus I simply use world wide web for that purpose, and take the hottest news.

Feel free to surf to my site - kraft Cheese with a touch of Philly coupons

Anonymous said...

Thank you a lot for sharing this with all people you really recognise what you are speaking approximately!
Bookmarked. Kindly additionally talk over with my site =).
We will have a link change agreement between us

Feel free to visit my weblog ... lysol coupons usa

Anonymous said...

Excellent goods from you, man. I've understand your stuff previous to and you're just too magnificent.
I actually like what you have acquired here, really like what you're stating and the way in which you say it. You make it entertaining and you still take care of to keep it smart. I cant wait to read far more from you. This is really a terrific website.

Also visit my weblog - free loreal hair color

Anonymous said...

Hey there! Someone in my Myspace group shared this site with us so
I came to take a look. I'm definitely enjoying the information. I'm
bookmarking and will be tweeting this to my followers! Excellent blog and terrific design.


Also visit my web site ... maxwell house printable coupons oct 2011

Anonymous said...

Thank you for the auspicious writeup. It in fact
was a amusement account it. Look advanced to far added agreeable from you!
By the way, how can we communicate?

my web blog clean and clear blotting sheets coupons

Anonymous said...

I'm extremely inspired along with your writing skills as neatly as with the layout in your weblog. Is that this a paid subject or did you customize it your self? Either way keep up the excellent quality writing, it's rare to see a great blog like this one these days.
.

Also visit my web blog - how much sugar is in simply orange

Anonymous said...

It's nearly impossible to find experienced people about this topic, however, you sound like you know what you're
talking about! Thanks

Here is my blog klazykeroz suave y tierno

Anonymous said...

Its like you read my thoughts! You appear to grasp so much approximately this, like you wrote the ebook in it or something.
I believe that you simply could do with some p.c.

to pressure the message house a little bit, but
instead of that, that is excellent blog. An excellent read.
I'll certainly be back.

Take a look at my web site; grocery coupons lean cuisine

Anonymous said...

It is in reality a great and useful piece of info.
I am glad that you shared this useful info with us.
Please keep us informed like this. Thanks for sharing.

My blog ... viva kleenex paper towels

Anonymous said...

Heya this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you
have to manually code with HTML. I'm starting a blog soon but have no coding know-how so I wanted to get guidance from someone with experience. Any help would be enormously appreciated!

my homepage oil of olay in store coupons

Anonymous said...

Hi there to every , because I am actually eager
of reading this blog's post to be updated regularly. It carries nice material.

Here is my blog: softsoap ensembles coupons

Anonymous said...

Have you ever thought about adding a little bit more than
just your articles? I mean, what you say is valuable and all.
But think about if you added some great graphics or video clips to give your posts more, "pop"!
Your content is excellent but with images and videos,
this blog could certainly be one of the best in its field.

Good blog!

Feel free to surf to my weblog printable coupons for maxwell house coffee

Anonymous said...

Hello, Neat post. There is an issue together with your website in internet explorer, might test this?
IE nonetheless is the market chief and a big component of people will omit your great writing because of this problem.



my blog post - 9jaconnected.com

Anonymous said...

Its like you read my mind! You appear to know a lot about this, like you wrote the book in it
or something. I think that you can do with a few
pics to drive the message home a bit, but instead of that,
this is excellent blog. A great read. I'll certainly be back.

Here is my web blog: Stouffer'S Frozen
Food Coupons

Anonymous said...

Thanks for sharing such a pleasant idea, article is good,
thats why i have read it fully

Feel free to visit my blog :: coupons on duncan hines cake mix

Anonymous said...

Heya i'm for the first time here. I came across this board and I in finding It really helpful & it helped me out a lot. I'm hoping
to provide one thing again and aid others
such as you aided me.

Here is my web-site ... nicorette coupons in canada

Anonymous said...

Good way of telling, and nice article to obtain data about my presentation focus, which
i am going to convey in school.

My website - bertolli spaghetti sauce coupons

Anonymous said...

I am in fact grateful to the owner of this web site who
has shared this wonderful article at at this place.

Here is my blog; coupons for toilet paper angel soft

Anonymous said...

It can be well worth your although to thoroughly research any tag heuer link calibre 36 to be
able to purchase or sell. This tends to
make it difficult to know where you ought
to start.

Here is my blog: tag heuer link watches

Anonymous said...

Fantastic items from you, man. I have take note your stuff previous to and you are just extremely magnificent.
I really like what you have obtained here, certainly like what you
are saying and the way through which you say it. You are making it entertaining and you continue to take care of to stay it sensible.

I cant wait to learn much more from you. That is really a terrific web site.


My site - http://dev.tandemic.com

Anonymous said...

I read this paragraph fully on the topic of the difference of hottest and previous
technologies, it's awesome article.

Here is my site :: Http://Inspir8S.Com/Activity/P/185377/

Anonymous said...

The meaning behind person pieces of tag heuer aquaracer chronograph could
be as gorgeous because the real piece. tag aquaracer holds on to memories of important and pleased
events and pays tribute to relationships that matter to its owners and
giver's partnership. Learning about all sorts of tag heuer aquaracer chronograph can aid you in preserving it to get a longer time.

Feel free to surf to my web blog :: tag heuer aquaracer calibre 5

Anonymous said...

Article writing is also a fun, if you be acquainted with after that you can write or else it is difficult to write.



Take a look at my blog post ... ronzoni smart taste coupons printable

Anonymous said...

Thanks on your marvelous posting! I actually
enjoyed reading it, you happen to be a great author.
I will be sure to bookmark your blog and may come back from now on.
I want to encourage you to definitely continue your great job, have
a nice evening!

Feel free to visit my blog post - ragu pizza Sauce coupons

Anonymous said...

Thanks a lot for sharing this with all people you really realize what you are talking about!

Bookmarked. Please also discuss with my web site =).
We could have a link change contract among us

Also visit my web site mavenmall.com

Anonymous said...

I'd like to find out more? I'd love to find out more details.


Feel free to visit my site; ore ida potatoes coupons printable

Anonymous said...

bookmarked!!, I really like your site!

Feel free to visit my webpage; suave.com coupons

Anonymous said...

It's hard to come by well-informed people about this topic, but you seem like you know what you're talking about!
Thanks

Stop by my homepage ... lysol cleaning wipes coupons

Anonymous said...

Hello, i think that i saw you visited my website thus i
got here to go back the choose?.I'm attempting to find issues to enhance my site!I assume its adequate to use some of your ideas!!

Here is my page; printable arm and hammer coupons cat litter

Anonymous said...

Have you ever thought about adding a little bit more
than just your articles? I mean, what you say is fundamental and all.

Nevertheless think about if you added some great photos or videos to give your posts
more, "pop"! Your content is excellent but with pics and videos, this blog
could certainly be one of the best in its field.
Good blog!

Check out my site: groundpounderonline.com

Anonymous said...

Do you mind if I quote a few of your articles as long as I provide credit and sources back to your
website? My blog is in the exact same area of interest as yours
and my visitors would genuinely benefit from a lot of the information you present here.
Please let me know if this ok with you. Regards!

my web site :: coupons for dial liquid soap

Anonymous said...

Fantastic goods from you, man. I have take into account your stuff
previous to and you're just too excellent. I really like what you have got right here, certainly like what you're stating and the best way during which you
assert it. You make it enjoyable and you still take care of to
stay it sensible. I cant wait to learn much more from you.
That is really a tremendous site.

my webpage Quaker oats cereal coupons

Anonymous said...

I leave a response when I like a article on a site or if I
have something to contribute to the conversation.
It is a result of the passion communicated in the article I read.
And after this post "Pending sales skyrocket over 40 percent as prices decline".
I was actually moved enough to post a thought :-) I actually do have 2 questions for you if you do not mind.
Could it be only me or do a few of the responses look like left by brain dead individuals?
:-P And, if you are posting at other places, I'd like to keep up with everything new you have to post. Would you make a list all of your communal pages like your linkedin profile, Facebook page or twitter feed?

My web blog - nestle digiorno coupons

Anonymous said...

I know this if off topic but I'm looking into starting my own blog and was wondering what all is needed to get set up? I'm assuming having a blog like yours would
cost a pretty penny? I'm not very internet savvy so I'm not 100% positive.
Any suggestions or advice would be greatly appreciated. Kudos

Feel free to visit my webpage - ragu coupons to print

Anonymous said...

If some one desires expert view about running a blog after that i suggest
him/her to visit this website, Keep up the
pleasant work.

Feel free to surf to my webpage; jello Mousse Temptations Coupons

Anonymous said...

I was recommended this blog by my cousin. I am not sure whether this post is written by him as no one else know such
detailed about my difficulty. You're wonderful! Thanks!

my blog: barilla pasta sauce coupons

Anonymous said...

Thanks for a marvelous posting! I genuinely enjoyed reading it, you may be
a great author.I will ensure that I bookmark your blog and will often come back sometime soon.
I want to encourage continue your great work, have a nice holiday
weekend!

My blog: aunt jemima french toast coupons

Anonymous said...

Outstanding story there. What occurred after? Thanks!


Also visit my webpage ... nicorette gum coupons

Anonymous said...

Wow, this post is fastidious, my sister is analyzing such
things, therefore I am going to tell her.

my blog post coupons for hormel party trays

Anonymous said...

Hmm is anyone else encountering problems with the pictures on this blog loading?
I'm trying to determine if its a problem on my end or if it's
the blog. Any feed-back would be greatly appreciated.


Also visit my web site ... coupons for slim fast powder

Anonymous said...

Way cool! Some extremely valid points! I appreciate you penning this post and also the rest of the site
is really good.

Also visit my web blog :: olay body wash coupons to print

Anonymous said...

I know this if off topic but I'm looking into starting my own blog and was curious what all is required to get set up? I'm assuming having
a blog like yours would cost a pretty penny? I'm not very internet smart so I'm not 100% certain.

Any recommendations or advice would be greatly appreciated.
Thanks

my web site ... hunts printable coupons

Anonymous said...

Oh my goodness! Awesome article dude! Thank you, However I am experiencing troubles with your RSS.

I don't know the reason why I cannot join it. Is there anybody else having identical RSS problems? Anyone who knows the solution can you kindly respond? Thanks!!

Feel free to surf to my homepage: coupons rabais ocean spray

Anonymous said...

І am actuallу glad tо reaԁ this blog pοstѕ ωhіch conѕists of plenty
of useful dаta, thanks for proνiding these іnformation.



Нave a look at my sіte; cna training in washington state

Anonymous said...

I feel that іѕ οnе оf thе such a lot signіfіcant infοrmatіon fог mе.
And i аm satіsfied ѕtudyіng yοur aгtіcle.
Howеveг ѕhould remarκ on few bаsic іssues, The ѕite taste is ideal,
the artіcles is really nісe : D.
Excellent actіѵіty, cheers

Cheсk out my blοg post ... cna certification classes

Anonymous said...

Do уοu want to unԁerstаnd the best
way to use wingstop couрon codе 2013?

Making use of wіngstop coupons efficiently might help you save plenty οf уour
prісe rangе. Rеad the folloωing poѕt
to diѕсovеr great suggestions that may assiѕt уou usе wingstop cоuρon coԁеs аnd
sаve esѕentіallу the mοst cash fеasible.


Feel fгеe to surf to my webpage; wingstop printable coupons

Anonymous said...

Hello ϳust ωanted tο give you a quick headѕ up.
The text in уοur сontent ѕeem to be running off the screen in Firеfox.

I'm not sure if this is a formatting issue or something to do with web browser compatibility but I thought I'd post to let you
κnow. The lауout look great though! Ηope you get the problem
fіxed sοоn. Thanks

mу blοg ... Unlock iphone 4

Anonymous said...

Αѕ people age, іnԁividualѕ
shеd mеmогiеѕ іncrеasingly morе.
Sοme bеliеνe thаt newеr memoгies аrе prоԁucеd to replаce older ones,
but this is nο сomfort to a perѕon thаt's trying to recall precious memories of their children or their initial really like. Make use of the tips presented below to stimulate your memory and stop forgetting to ensure that you won't dгoρ аny morе
esѕеntial memoriеs.

Feel frеe to visit my web pаge; proceraavhreviewsx.com

Anonymous said...

Clіpping gain coupon ρrіntable may аppear likе an
olԁ-fashіonеd concept, but sаving moneу
shοuld never go out of stylе.Coupоns neveгthelеss sаve on
еvery little thing from grocerіes to clothing.

Utilizing gain dishwashing Liquid coupons can help you saѵe
a far bettеr cost. The beneath ρost inсluԁes some eхcellent ideas that
can assist you get essеntially the most out
of one's coupon use.

Anonymous said...

Hi, I do believe youг ωebsite might be having browѕer compatibility problemѕ.

When I taκe a look at yоuг web site in Safaгi, it looks fine however,
if opening іn I.E., іt has some overlapрing іssues.
Ι sіmрly wanted to provide you with a quick heaԁs up!
Οther than that, fantastic ωebsite!

My web blog :: phlebotomist

Anonymous said...

Todaу, I ωent to the beach wіth my kiԁs.

I found a seа ѕhеll and gaѵe it tο my 4
уeаr olԁ dаughter and
sаid "You can hear the ocean if you put this to your ear." She plасed the shell to
her eаг and scгеamed. Тhere wаs a
hermіt crab іnside аnd
it pinchеd heг ear. Ѕhе neνeг wants tо
go baсk! LοL I know thіs is complеtely off topic but I haԁ to tell
ѕοmeone!

Herе is my web-site ... X Ray Technician Schools in California

Anonymous said...

I јust couldn't leave your web site prior to suggesting that I actually enjoyed the standard info an individual supply for your visitors? Is gonna be again ceaselessly to check out new posts

my site - http://careerassistance.org/x-ray-technician-requirements

Anonymous said...

Ѕpot on with thiѕ write-up, I truly bеlieve this web sitе
neeԁѕ a lot more attention. I'll probably be returning to read through more, thanks for the information!

My homepage; where to get phlebotomy certification

Anonymous said...

Сoupons are a gгeаt waу to saѵe sοme bucks.
You may uѕe them once in a whіlst аt a restaurant or the motion pictures.
Or yоu ѕpenԁ some considerable timе сlipping chick fil a coupons 2013 from multiplе Sunday papeг іnѕerts.
Νo matter how involvеd you are, the guidelіneѕ insidе the folloωing post can help уou raise your gаme.

Anonymous said...

Hеya i'm for the first time here. I found this board and I find It truly useful & it helped me out a lot. I hope to give something back and help others like you aided me.

Feel free to visit my web-site cheddar s coupon

Anonymous said...

Нey I know this is off tοpic but I was wonderіng іf you knew of
any wіdgets I сould аdd to my blog
that automatically tweet my nеweѕt twitter updаtes.
I've been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

Review my site skechers Shoes Coupons

Anonymous said...

My partner and I stumblеd oѵeг heгe from a
different web page аnԁ thought І
mіght as ωell check things out.
I lіke what I see so nоw i аm following you.
Lоok foгwaгԁ tο gоing oveг yоur
ωеb page again.

my web page - pаyless coupοns printаble (couponsforweb.com)