Market Update 2010
The Twin Cities housing market remains in a period of post-boom stasis, with buyer activity continuing to increase with the current incentives for buyers.
Economists generally describe market corrections like the one we're experiencing as following three basic recovery patterns: a "V-shaped recovery" where a market experiences a sharp, fast decline but comes out strong once it hits bottom; a "U-shaped recovery” where prices decline gradually and recover slowly; and an "L-shaped recovery," a hard, fast fall with paltry price bounce-back following the market trough. The Twin Cities has been in a U shaped recovery period for quite some time. Slowly but surely we are seeing a turnaround in the market...
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