Living Twin Cities makes the Sphere’d List
Agent Genius just released a new look and a section called Sphere’d. Honored to be included in some of the best, brightest and most progressive minds in real estate is Living Twin Cities. You can find Living Twin Cities under Twin Cities Real Estate.
Big thanks to Lani and Benn at Agent Genius
Minneapolis and the Zillow Home Index Report
Zillow released there second quarter Real Estate Market Reports yesterday. The market reports are based on a variety of statistics that bring together current data of not only homes that sold but equity loss as well. You can view 165 market areas all the way down to the local level to get a better idea of how your area is performing.
How did Minneapolis do?
Overall Minneapolis showed a 6.5% decline compared to 12.1% in St. Paul. A couple of cities posted declines greater than 15% and only one city, Carver posted a decline of less than 1%.
However, it is very important to note that some of the cities that posted large declines are due in large part because of the amount of foreclosures. These cities were part to large amount of fraud especially the outer ring suburbs.
Going back to the national scale, a couple of disturbing stats that came from the data was the amount of people that have negative equity. If you purchased you house in 2006, 45% are underwater and within the last five years about 29% owe more on their home than what it is worth.
Just added Altos Real Time Data Charts
Recently I put a widget in the sidebar to the right at the top that shows Minneapolis real time real estate market stats. These charts are great and are made by Altos Research. I created a page under the resources tab on the toolbar that gives you more cities to look at. More in depth charts will be coming soon.
What’s so great about the charts?
The charts provide REAL-TIME market stats which gives you a better idea of what is really happening in the market, not just the general Twin Cities area but all the way down to each individual city. With the charts you will get a better idea of where home prices are heading and get a better idea of market demands.
If you need help in better understanding what the charts mean, just ask.
Thanks Inman
Just wanted to say thanks to Inman and Daniel Rothamel for holding the contest for tickets to Inman Connect 08 in San Francisco. Check out the post here over at Inman Blog.
If you’re not already a follow, here I am @jasonsandquist
Get Your Walkscore
Here is a fun website to go play around with, Walkscore. This website allows you input your address to see how walkable your neighborhood is, relevance to its location to shopping, retail, restaurants, parks or just about anything else that makes an area to live enjoyable.
Inman News touched on this a couple of days ago with an article relating to the popularity of Walkscore given the price of gas and the importance of being close areas of walking distance.
The website rates the area where you live on a scale from 1-100, with the 100 being a walkers paradise and 0 being driving only. If you’re into celebrity stalking, you can also get the lowdown on how walkable some celebrities palaces are.
Coldwell Banker releases new app for Facebook
Coldwell Banker asks What’s your Housetrology? with a release of it’s latest Facebook app. First things first, is that even a friggin word? The way the app is set up it asks you a series of questions which will then try and create a house style based on your answers.
Straight from the press release
which allows participants to uncover their inner “house signs” and better understand the various factors which influence their home style preferences.
Not sure how far you can really go with this but here is my Housetrology
Google Local Search makes its way to Living Twin Cities
I recently added Google Local Search to my blog. It can be found under the Search on the menu bar. You can now type in the search box what you are looking for and it pulls it up on the map!
Trulia keeps it coming
Trulia created it’s latest assault on real estate search sites when it launched Trulia Snapshot the other day. This site is sleek and modern with a great, interactive way to search for homes.
Scroll over the bottom pictures to pull up images of the homes on the larger map. You can browse homes by price range with the bar graph below the pictures from most expensive to least expensive.
If you want more info on the property then their is links in the window to click on to bring you to Trulia’s website. Be sure to check out more of Trulia’s revolutionizing search experiences Hindsight and Searchpath which appears to be coming soon.
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