People like new things. They like new shoes, clothes, socks, and cars. Well, if you like analyzing stocks, and real estate markets you like new data. At least I do. Looking at data can really help determine if an asset is a good investment or a bad investment. The asset at closer examination might turn out to be a liability. Here is the newest data for January 2009 on the Minneapolis real estate market. If you’re a first time home buyer in Minneapolis this information is valuable. Right now there is a $7500 tax credit for qualified first time buyers. As you can see from the data prices are down over 13%. It is getting cheaper and cheaper to purchase homes. That is great. A lot of the houses on the market are foreclosures so that is also driving down prices. If you have any real estate questions give me a call I would love to help you out. Thanks a lot.
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