Minnesota home sales dipped during February, but prices were up

  • Article by: Jim Buchta , Star Tribune
  • Updated: March 22, 2013 - 6:30 AM

Sales in Minnesota took a breather last month, but the median sale price was up 14%.

  • 8
  • Comments

  • Results per page:
  • 1 - 8 of 8
ciamanMar. 21, 13 9:39 PM

Do I hear an echo here, Mr. writer? I would bet that the sales in March will not be very good either. In truth, the young people simply do not have the jobs to buy a home and their boomer parents are in no way to help them at all. Look at all of the people whom no longer count in the unemloyed. Look at the college debts that most young people will have to spend for decades to pay that off. Buy new homes? Rubbish. They cannot even buy used homes. Apts are the only way for them.

4
4
srhoej3Mar. 21, 1311:26 PM

We just sold our house for 50% more than what we paid for it in 2001. We bought it as a young couple, newly out of grad school. We sold our house to a young couple expecting thier first child. We went to school for engineering, they went to school for finance. Moral of the story; don't major in History*. That, and location, location, location always applies. (*I'm sure there are a few good jobs one can get with a degree in History. I just don't know what they are.)

5
2
bgmach3Mar. 22, 13 1:50 AM

So all the "New Price" signs I see are for higher prices. ha! Give it a rest. The banking industry has destroyed the used home market for the next twenty years. The new loans for young buyers buying huge homes now will be in trouble in about five years when they find out their homes are worth less. The trend will continue down, down, down until the corrupt policies of banks and the politicians that owe them their reelections bring those responsible to court and the jail terms they deserve.

4
4
pitythefoolsMar. 22, 13 9:13 AM

srhoej3: "Moral of the story; don't major in History*. "

"Those who cannot remember the past are condemned to repeat it." Too bad we don't have more politicians who studied history.

3
1
pitythefoolsMar. 22, 13 9:14 AM

So when will the value of my house get back to what I paid for it in 1999?

2
2
FrankLMar. 22, 13 4:02 PM

An interesting market. The problem is not solely the underwater homes with mortgages, but people like me whose home is worth more than the replacement value. I'm not going to willingly sell when I know any new home would be a downgrade for the same money. Yet wages are going to moderate any price increases. My guess is the market is going to look bipolar, some months we'll have good news followed by a string of bad news.

1
0
bgmach3Mar. 22, 13 7:46 PM

So all the "New Price" tags are for higher prices? Give it up, politicians and the banking industry have destroyed the used home market. All they are concerned about now are new construction home loans for young buyers and they will be in the tank in 5 years or less.

1
0
FrankLMar. 22, 13 9:23 PM

An interesting market. The problem is not solely the underwater homes with mortgages, but people like me whose home is worth LESS than the replacement value. I'm not going to willingly sell when I know any new home would be a downgrade for the same money. Yet wages are going to moderate any price increases. My guess is the market is going to look bipolar, some months we'll have good news followed by a string of bad news. Sorry for the typo.

1
0
  • 1 - 8 of 8

Comment on this story   |  

ADVERTISEMENT

more from real estate

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters