“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Frank D'Angelo Minneapolis St Paul Real Investment Broker EXiT Realty MN

Median Sale Prices Up during a Down Market in Ecco Neighborhood of Uptown Minneapolis 55408

Fact or Fiction? No Fiction here. The data below clearly shows that there are actual improved median sales prices in certain neighborhoods and at certain price points. The info sparks chart below clearly show higher median sale prices on home sold in January of 2005 increased by approximately 14% since then. Yes increased median sales on homes price above $599,900. Homes priced between $449,990 and $599,900 basically held there own in the Ecco Neighborhood in Uptown Minneapoils and median sale priced homes between $290,000 and $449,900 also held their own during the last seven years. Only homes priced under $200,000 dropped in median sales price (mostly condos in this bracket).

Uptown Median Sales History for Ecco

Minnesota's Smart Investors Network are Leveraging Under-Valuations

We have tremendous news. We now have a team of Certified Investor Agent Specialists (CIAS) including the Investor Education and Tools associated with the Own America Investor Certification Program (OICP). This Investor team has the extensive training required to turn real estate into a wealth-building tool for you and everyone you know.

Did you know that according to the National Association of Realtors®, 40 percent of all investors in 2010 made less than $75,000 in annual income? With the right tools and information, we can help put real estate investing within reach of individuals who thought they couldn’t afford it. With prices and lending rates at historical lows, you can’t afford not to invest in real estate with our Nexus!

“In addition to strong returns on rental property, investors can anticipate solid home appreciation over the long haul ... the metrics on home prices in relation to consumer prices imply a 14% undervaluation. The metrics on home prices in relation to rental rates imply a 20% undervaluation.”

Also, "Rents rose at a better than 3 percent annualized rate in the third quarter of 2011, according to government data.”

—Lawrence Yun, NAR Chief Economist

Smart Investor Network

Housing & Economic Recovery Expected for 2012 and Beyond.

The Real Estate Market has struggled over the last five to six years depending on where you live. However, the current under performing markets across the nation are particularly related to the 'tighter credit and mortgage' conditions which have held back recent buyer and consumer confidence in the marketplace.

The National Association of Realtors, "The Voice of Real Estate" and Lawrence Yun, Chief Economist have noted a sizeable pent-up demand based on important economic factors such as: population growth, employment levels and a doubling-up phenomenon that can't continue indefinitely. This demand could stimulate the market quicker than expected as these conditions improve in 2012 and beyond. More on the Housing & Economic Recovery here...

As the voice of real estate for housing stakeholders, the National Association of Realtors have been actively participating in the housing summit, advocating for practical solutions to bring housing back into a balanced state. So, yes, our economy is under-performing and yes every indication is that we're back to a new normal and aside from the 'ski-jump' that took place in the early 2000's, we have over 80 years of history showing consistent and predicatable appreciation in real estate across the nation.