February 2014





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Winter greetings!
It's no secret that there's been some turbulent, cold weather this winter. Whether you live in the city, the mountains or on the beach, this time of year just brings the desire to cozy inside your home and relax while the weather plays out.  I don't think I remember it ever being this bad before-everywhere! Hope you've been able to sit by a fire and enjoy the Olympics. Getting to work and school has been medal worthy this month!
Did you know Minneapolis was named #1 Healthiest City 2013 in Forbes Magazine? Nice! The cold must have some positive effects. And St. Paul got the nod for "Most Romantic" for a getaway.  Hope you enjoyed a fun Valentine's and President's Day holiday weekend
If you're in the market for a new place to call home, or you're looking to sell your current residence, I can help or answer any housing questions you might have. Please don't hesitate to give me a call.
Wishing you safety and warmer weather!






Home Sales Reach Seven Year High

by The KCM Crew

There are many naysayers declaring that the housing market is still challenged. Young adults are burdened with too much student debt. Interest rate increases are killing demand. Homeownership is no longer seen as part of the American Dream.

We just want to let these naysayers know three things: 13,945 houses sold yesterday, 13,945 will sell today and 13,945 will sell tomorrow. 13,945!


That is the average number of homes that sell each and every day in this country according to the National Association of Realtors' (NAR) latest Existing Home Sales Report. According to the report, there were 5.09 million homes sold in 2013. Divide that number by 365 (days in a year) and we can see that, on average, almost 14,000 homes sell every day.


Under Contract 
4220 Braddock Trl, Eagan, MN- $217,000 


ISD 196. Maint free exterior/large deck/fenced yard. New granite & SS kitchen. Spacious family rm. Wood flrs all main lvl. Wood blinds. Two tiled FULL baths & whirlpool. Loads of closet space. On bike trails. Close to schools/parks/shops. Nice!

COMING to market next week
Inver Grove Hts~2 STY  on gorgeous lot! $350,000
Eagan~ 3BR town home  $155,000 

Call for details!


Predictions for 2014: Sales Will Surge

By The KCM Crew 


Many housing pundits are calling for home sales to do slightly better in 2014 than they did in 2013. To the contrary, we strongly believe that home sales will skyrocket with increases of 10-15% in 2014. Here are the three categories of buyers we believe will create this strong demand.


The First Time Buyer

The Urban Land Institute recently released a report, Emerging Trends in Real Estate 2014, projecting that 4.48 million new households will be formed over the next three years. Millennials will make up a large portion of these new households. With the economy improving, we believe they will finally be moving out of their parents' homes and, when they compare renting versus buying, many will choose homeownership.


The Move-Up Buyer

Over the last several years many homeowners were trapped in their home by negative equity. This prevented them from moving up to the home of their dreams. Zillow has just revealed that home equity increased by $1.9 trillion dollars in 2013 an increase of 7.9% in the last twelve months. With home values rising, this pent-up demand will finally be released and move-up properties will be in high demand.


 Read The Full Article Here
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Lori McCahey 

Coldwell Banker Burnet



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