Another Realtor Bubble In Slower Twin Cities
The Twin Cities don't recieve much RE coverage, so a slowdown is noteworthy. "After a string of record years, houses are taking longer to sell. And while prices continue to rise, they're doing so at a slower clip."
"In March, about 160 fewer deals closed in the Twin Cities than during the same period a year ago, a 4 percent decline."
The realtor bubble is in full swing. "Nearly 33,000 people are licensed to sell property in Minnesota, an all-time high and up nearly 50 percent since 2000. In the Twin Cities, membership in the Minneapolis and St. Paul area Realtor associations has increased at an even sharper rate."