Thursday, November 10th, 2016
By David Arbit on Monday, November 7th, 2016


For quite some time, NAR’s reports have shown that homeowners tend to stay in their homes for 5-7 years. Based on the data from NAR’s most recent Profile of Home Buyers and Sellers report, that was true up until 2008. By 2011–just after the seismic shifts that rocked the market–owner tenure rose to 9 years and has been range-bound between 8-10 years since 2010. The current 2016 median tenure stands at 10 years. In summary, owning a home used to be a 5-7 year proposition, but owners now tend to be staying in their homes between 8-10 years.

The fact that sellers are staying in their homes longer since the downturn is partly responsible for our low inventory levels. That said, this is still a median, meaning that half of homeowners spend less than 10 years in their home. At first, a relatively large share of homeowners were underwater and thus couldn’t sell (not the case anymore). But then rising prices, historically low rates and an improving economy caused buyer demand to surge far more quickly than listing activity. That has created a situation where sellers are confident about getting strong offers on their homes quickly, but they’re hesitant about being a buyer in this competitive and under-supplied marketplace. Many are making the decision to stay and possibly remodel their current space rather than competing and possibly making full price offers or better on the most desirable homes.

Don’t expect quick resolution on the inventory shortage. New construction activity isn’t helping to alleviate the shortage because it’s not profitable to build at the entry-level or first-time buyer price point. We’re optimistic about things loosening up a tad come Spring 2017, but it will take time for the market to rebalance and regain its footing.

Although this recovery has sent sales and prices more or less back to peak levels, the hunt for equilibrium continues.
From The Skinny Blog.

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Posted in The Skinny |
Monday, November 7th, 2016

For Week Ending October 29, 2016

We enter the fourth quarter of the year knowing that the share of first-time home buyers rose for the first time in approximately three years. This fact is driven primarily by healthy job growth, but we need to see more homes entering the market in order to combat the low inventory struggle witnessed during the entirety of 2016.

In the Twin Cities region, for the week ending October 29:

  • New Listings decreased 6.1% to 1,031
  • Pending Sales increased 4.2% to 966
  • Inventory decreased 16.9% to 13,299

For the month of September:

  • Median Sales Price increased 3.6% to $230,000
  • Days on Market decreased 13.8% to 56
  • Percent of Original List Price Received increased 0.9% to 97.5%
  • Months Supply of Inventory decreased 17.1% to 2.9

All comparisons are to 2015

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

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Monday, October 31st, 2016
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Tuesday, October 25th, 2016

<iframe width="560" height="315" src="https://www Read More" frameborder="0" allowfullscreen>

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Tuesday, October 25th, 2016

For Week Ending October 15, 2016

Housing starts may have fallen for the second month in a row, but the cause appears to be an abnormally large decline in the multifamily category. An increase in single-family starts and building permits is a better indicator of a market reacting positively to the prevailing inventory struggle.

In the Twin Cities region, for the week ending October 15:

  • New Listings increased 5.0% to 1,364
  • Pending Sales decreased 0.1% to 994
  • Inventory decreased 16.2% to 13,795

For the month of September:

  • Median Sales Price increased 3.6% to $230,000
  • Days on Market decreased 13.8% to 56
  • Percent of Original List Price Received increased 0.9% to 97.5%
  • Months Supply of Inventory decreased 20.0% to 2.8

All comparisons are to 2015

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

(CNN) When leaders get into trouble these days, they often complain that they have too little power to be effective. Yet as debate rages about the NFL's handling of player discipline, the problem for NFL Commissioner Roger Goodell is just the opposite: He seems to have too much power.Allura Grace has worked with women of all ages and of diverse backgrounds for many years in offering support, holistic therapy and relationship counseling, as well as sharing resources and useful information in the areas of women sexuality, health wellness. Allura has facilitated various women groups, retreats, conferences and special events for women to come together in community to share, connect and support Ray Ban Outlet one another.You may have heard that Disney is offering refunds on its Baby Einstein line of educational DVDs. This came after a research team led by Frederick Zimmerman and Dr. Dimitri Christakis from the University of Washington showed that babies watching the popular educational videos around the age of one learn six to eight less words per hour than children who spent their afternoons putting dirt in their mouths. It's because, despite what you have been telling yourself for years, virtual interaction is never as good the real thing.It is particularly good to get your horse to stretch his neck and back. Stand next to your horse and encourage him to bring his head around to you (a treat can help with this). Do both sides then hold a third treat between his knees to get him to stretch downwards.Or you can put something around your ankle, like a band and try to slide that band across the floor to create a little bit more resistance. But pretty much if you just try to scoop as deep as you can you are going to get plenty of resistance. And you are going to get a great inner thigh workout. So, the first thing that you want to do is place your hands wholesale nfl jerseys behind your head and you're going to push into your hand. So, isometrically contract the muscles in the back of your neck. You want to hold that contraction for 10 seconds and then easily let go. The next cheap jordan shoes thing you're going Cheap Ray Ban Sunglasses throwback jerseys to do is put your hands on your forehead or just even one hand on your forehead and you're going to push into your hand. Wallabies 26The mental anguish associated with 10 Bledisloe Cup defeats was finally remedied in injury time at Hong Kong Stadium tonight as James O'Connor was anointed the Wallabies latest rugby hero with a late converted try stunning the All Blacks 26 24.In a stunning finale to the fourth and final trans Tasman clash of the year O'Connor powered over to score close to touch the culmination of five minutes of intense Clásico Wallabies pressure as the All Blacks clung frantically to a 24 19 lead.O'Connor then coolly added the difficult conversion fist pumping as the ball sailed between the uprights.He was enveloped seconds later by teammates in scenes reminiscent of Kurtley Beale's last gasp penalty in Bloemfontein cheap jerseys during the Tri Nations.The All Blacks were left to rue a missed penalty by replacement first five eighth Stephen Donald five minutes from fulltime.Invigorated by Donald's miss from a handy 25 metres the Wallabies swarmed on to the offensive Beale, David Pocock and Ben McCalman all went desperately close before the defensive screen was finally breached by the pint sized wing.The Wallabies victory was just their second under Robbie Deans and first since the former All Blacks assistant coach opened his Bledisloe Cup rivalry against Graham Henry with in style at Sydney 26 months ago.A cherished triumph also ended the All Blacks winning sequence at 15 tests, three short of Lithuania's world mark.There will be plenty of soul searching on tomorrow's long journey to London after the Wallabies broke with cheap jerseys convention to finish strongly in a nerve jangling encounter.History appeared to be repeating itself when the All Blacks recovered from an error prone start to carry a 17 12 advantage into the second half a remarkable scenario considering their sloppy opening.More RugbyStats CentreFixtures and ResultsAll BlacksDream Team TippingThe Wallabies had spent three weeks in camp before departure, the All Blacks just three days and it appeared to be time well spent by the Australians as they played out the opening quarter with ridiculous ease.Where the Wallabies were cohesive, the All Blacks were clumsy yet they still managed to switch on 10 minutes and constructing tries to Jimmy Cowan and Cory Jane.Earlier Quade Cooper marked his first test outing against Daniel Carter with a virtuoso try in the seventh minute after the Wallabies wholesale nfl jerseys bravely turned down a straightforward penalty sensing the All Blacks were struggling to revert to game mode after a six week lay off.Cooper ran wide, teasing the defence before ghosting through Mils Muliaina and Jane to cross wide out.Giteau could not add the conversion one oakley sunglasses sale of four missed kicks by the second five eighth and Kurtley Beale that saw 11 potential points go begging.But unlike in game three in Sydney last month those setbacks were not costly.Adam Ashley Cooper engineered the Wallabies second try from halfway in the 22 minute when cheap jordan shoes he the centre powered through Jerome Kaino before surging clear, stepping Janeand extravagantly swan diving by the posts to set up a conversion Giteau could not blunder.Ominously for the Wallabies the All Blacks first attack culminated in points when Cowan burrowed over by the posts shortly after a desperate tackle by Beale held Keven Mealamu up over the line.Then five minutes later, and five before the break the All Blacks hit the front after a Kieran Read burst down the short side allowed Jane to atone for his defensive lapse when he bounced through Beale.Carter added the extras and a penalty after the hooter.The Wallabies also started the second half with purpose though not for as long and when immense captain Richie McCaw surged 30 metres in the lead up to Ma'a Nonu's waltz to the line the All Blacks seemed in familiar territory on neutral ground with 53 minutes gone.
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