Real Estate News from Kristi Weinstock
July 2014
 

 

 

In This Issue
Pace of Twin Cities home sales is speeding up
50 Things You Probably Didn't Know About Minneapolis

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This month we celebrate & enjoy the freedom to live in our country! Independence Day is a reminder of how great it is to live in America. As your Real Estate Agent, let me help you live the American Dream through home ownership.

Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month earlier.

Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 4.9 percent to a seasonally adjusted annual rate of 4.89 million in May from an upwardly-revised 4.66 million in April, but remain 5.0 percent below the 5.15 million-unit level in May 2013. The 4.9 percent month-over-month gain in May was the highest monthly rise since August 2011 (5.5 percent).

This is good news and what a better way to celebrate your independence this month than in a home you love?  If you or anyone you know need's assistance in today's real estate market, please give me a call!

"We stand for freedom. That is our conviction for ourselves; that is our only commitment to others. "
John F. Kennedy

 

Kristi Weinstock                              

Coldwell Banker Burnet

612-309-8332 | 952-474-2525

kdweinstock@cbburnet.com 

www.kristiweinstock.com 

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Pace of Twin Cities home sales is speeding up  

 

Article by: JIM BUCHTA , Star Tribune

Some homes selling for more than asking price, and quickly.

Twin Cities homes are selling twice as fast as they did three years ago as buyers race to beat rising prices - and one another.

One-fifth of all houses sold for more than the asking price last month and one-fourth sold within two weeks of hitting the market, according to Redfin, a national real estate brokerage.

As the summer gets into full swing, some houses are moving so quickly - the typical Twin Cities house sold in 80 days vs. 160 three years ago -that sellers sometimes are shocked by the sudden resolution. "It was just unbelievable," said Greg Brink, who sold his house in Golden Valley days before it hit the market.

 

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50 Things You Probably Didn't Know About Minneapolis

Even if you've lived in Minneapolis all your life, some of these facts may surprise you.

1. A Minneapolis City Council candidate was indicted by a grand jury for serving Twinkies to groups of elderly voters. After the scandal, a fair campaign act was established, which is now commonly known as the "Twinkie Law."

2. The inventor of the first pop-up toaster, Charles Strite, was born in Minneapolis. Later, he first marketed his invention in the same city.
 

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