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August 17, 2009

Comments

Jason

This is a good news for Minneapolis housing market. Some of my friends are looking to buy before the prices go back up believing that the housing here has bottomed. However, if I'm a potential seller, the incentive to sell in this market has decreased dramatically because I could get a better price if I wait a little longer. I don't know if the data on Notice of Default (NOD) for this area is publicly available or not, if so, where can I look at them. This NOD can give us a better picture of how the housing market here is doing.

I'm a little bit on the fence on this recovery due to the nature of market cycle and the lag of the commercial mortgage default that will sure take the breathe out of this so called "green shoot".

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