Industry Articles and Reports
"Bucolic Corcoran Paves Way for Change" Star Tribune 11/13/12: As the last town to have sewer and water, Corcoran is preparing for development.
"Housing Starts Jump 15% to Four-Year U.S. High": Signs of a strengthening housing market - housing starts rose 15% month-over-month to 872,000 in September. Building Permits outpace housing starts at 894,000 in September, showing home builders' confidence in a continued recovery.
"The Thing" Presented by Minneapolis Area Association of Realtors : Interactive Market Analytics
Monthly Indicators (August 2012) Minneapolis Area Association of Realtors: In the Twin Cities Area, inventory shrank 30.5%, median sales price increased 15.5%, and pending sales increased by 19.5%.
Housing Rebound Will Lead U.S. Recovery, Researchers Say The latest housing numbers are in fact strong enough to bring the U.S. economy into recovery mode, given the right policy efforts and the fact that construction generally leads recoveries, say researchers from Univeristy of Pennsylvania and Moody's.
Home Prices Rebound to 2003 Levels by Joe Eisenberg: "In July, the average home price rose to the same level asthose seen during summer of 2003."; Home pricees rose for the 3rd straight month in the top 20 major markets, rising by 1.6%.
Mortgage Lending Hit 16-Year Low in 2011, Report Finds by Alan J. Heavens: "Of the 11.6 million morgtage applications received by lenders in 2011, only 7.1 million resulted in loan originations."
Wells Fargo Commercial Real Estate Chartbook 2Q 2012 "Demand has soared for well located properties with strong tenants in deep, liquid market."