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Twin Cities Homebuyers Move Fast on New Home Listings: Yale University
Date:10/1/2013

Twin Cities, Minnesota (PRWEB) October 01, 2013

Twin Cities homebuyers move fast on new home listings, becoming a prime example of Robert Shiller's recent remarks on hot housing markets. Published on September 28, 2013 in the New York Times, Robert Shiller's [Housing Market Is Heating Up, if Not Yet Bubbling article is drawing strong remarks from additional housing commenters on the pace on new home sales and homebuyer activity.

"Buying a home now seems logical to Twin Cities homebuyers who perceive that we are recovering from a recession and home values are climbing upward," says Jenna Thuening, owner of Home Destination. "Families seem less prompted by thoughts of another housing boom; they more likely are considering that if mortgage rates continuing to rise, now is a great time to buy a home."

Considered an authority on real estate along with Karl Case of Wellesley College, the two developed the S.& P./Case-Shiller Composite-10 Home Price Index. Shiller boldly states that "home prices in the United States were up 18.4 percent in real, inflation-corrected terms in the 16 months that ended in July. Results suggest that though we are not in a bubble now, there are troubling signs that we may be heading toward one". He concludes with, "But whether these attitudes mutate into a national epidemic of bubble thinking — one bi
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