Minnesota: Home Sales Rise 2 Percent In January

There is good economic news on the housing front. Nationally home sales rose 2.9 percent from January to February and Minnesota also saw its first real sign that real estate may be on the rebound. Seller, Molly Evans of Lakeville, put her home on the market for a while but took it off recently. She then put it back on after a $25,000 price drop. Her Realtor also created a personalized Website just for her home. Since then showings have skyrocketed. Greg Bauman, president of the the St. Paul Area Association of Realtors, said sellers have a lot to celebrate. "Our numbers are actually higher on the rebound when you look nationally right now. Pendings are up three to four percent nationally compared to the Twin Cities, which are up 20 percent. That's a significant change or difference from the total nation.