| tate market has taken a big toll, not just in the | | | | Home sales are up significantly from the previous |
| Greater Lakes area, but nationwide in general. | | | | years. In fact, the March 2010 transactions are up |
| However, there is some good news on the | | | | over 43% from 2008 and around 33% from |
| horizon. According to the Greater Lakes | | | | 2009. Most the recent monthly indicators show |
| Association of REALTORS, home sales have | | | | that the housing market in the Greater Lakes |
| shown some stabilization and even improvement | | | | area has experienced tremendous growth in |
| over the past 2 years. | | | | certain categories and stabilized in others. For |
| We are all familiar with the real estate bubble that | | | | example, closed sales are up 27% in March 2010 |
| captivated the nation few years ago, and we are | | | | than in previous months. |
| also familiar with the unfortunate consequences of | | | | Undeniably, Minnesota is on the road to recovery |
| the bubble bursting. Although the home prices of | | | | and has been for a few months now. The real |
| home aren’t close to what they were | | | | story will unfold after the cessation of the first |
| during the good times, the new report says that | | | | time home buyer tax incentive program. The real |
| the average home price has increased from the | | | | estate market has been relatively unscathed in |
| last 2 years. The market seems to be stabilizing | | | | Minnesota when you stack it up other cities but it |
| when it comes to home prices. This is something | | | | really depends on which area within a state you |
| a lot of people have been waiting to see. | | | | are looking at. |