Robert Stewart's (twincitiessouth) Blog

We'll start this blog post with the obvious:  the property is not perfect.  There are certain jobs that a new owner will want to undertake.  Finding Mendota Heights homes for sale under $225,000 can be quite a task these days.  This home is currently listed for $219,900.  There are a number of re...

  Because of recent credit tightening, some homebuyers may be less likely to qualify for a mortgage than they were just a few years ago. Some financial counselors predict that borrowers with limited options may turn to alternative means of purchasing a home. One such alternative is the contract f...

  We've got quite a few excellent buys in the real estate marketplace right now.  Compared to the boom years of 2003-2006, I'm simply amazed how far the dollar will go.  Many of our clients are buying homes in the $200,000-$250,000 price range that were formerly as high as $350,000-$400,000!  As ...

  It's currently a declining market here in Eagan, MN.  And we're predicting another 10% drop in housing prices between now and the spring.  We're seeing a lot of loan modifications fail, plunging homeowners info foreclosure. There are several different types of distressed properties - short sale...

        Latitude:  44.813765     Longitude:  -93.169146 Demographics   Population (2006 City Staff estimate)  67,448 18 years or older (2000 Census) 70% Under 18 years (2000 Census) 30% Median age (2000 Census) 32.8 Median income (2000 Census) $67,388 Education level BA/BS or higher   (2000 Censu...

The Eagan MN Housing Market summary for September 2010

One of the fastest-growing communities in the Twin Cities metropolitan area, Eagan provides approximately 66,000 residents with outstanding economic opportunities, educational excellence, cultural diversity and substantial residential development. Strategically positioned as a southern hub of the...

Right now, Eagan has some of the best buys south of the Twin Cities.  Our high end inventory has taken an absolute beating.  My latest sale is a downsizing couple that found a $500,000 luxury townhome and purchased it for $390,000.  The builder is pretty much giving them away at cost!With interes...

  The Eagan real estate market has been particularly robust this season with 468 current active listings.  Large local employers like Lockheed Martin, Thomson Reuters, and Blue Cross continue to hire and keep a steady stream of home buyers coming into the Eagan market.  Click here to see current ...

I'm frequently asked, "Are we at the bottom yet?" (I don't know) - or - "Will we ever recover?" (Yes.  At some point.)  These are questions important to my clients. And here is our first problem:  we can only talk about the top or bottom of a market in HINDSIGHT.  Does that make sense?  We can't ...