Some housing bubble reports on the Twin Cities. "So much for spring fever. So far, Twin Cities homebuyers seem to be shrugging off the record number of for-sale signs sprouting up all over instead of rushing to buy. That's not to say there were no buyers in March, 2.15 percent more than March last year. But that small increase pales next to soaring inventories."

"The number of homes put up for sale last month around the Twin Cities shot up 23 percent to 10,821 new listings. The new crop of listings brought the total active residential home inventory in the Twin Cities to all-time high of 26,182, about 42 percent higher than this time last year."

"In other words, soaring inventory is clearly tilting the market toward buyers, and some sellers are cutting their asking prices. 'I don't understand honestly why buyers aren't knocking down our doors,' said June Wiener, president of the St. Paul Area Association of Realtors."

"In fact, it was the eighth consecutive month of record-setting listing activity in the 13-county metro area, giving buyers a serious edge and putting downward pressure on price increases."

"Orv Fillbrandt, a sales agent in Edina, said he recently had a client trying to buy a new townhouse, but they couldn't sell their current home. In an attempt to move things forward, the builder offered to reduce the price on the townhouse if the buyer would drop the price on the home by the same amount."

"'It's opportunity time out there right now' for buyers, said Todd Shipman, president of the Minneapolis Area Association of Realtors. 'While sellers may pine for the days of multiple offers in the first week on the market, that type of market imbalance was simply unsustainable,' said Shipman."

"Shipman said that although sellers are having to price their houses more competitively and be willing to offer discounts to buyers, they'll have the same opportunities when they become buyers. 'Sellers need to level off their expectations on the sell side, but you'll pay less on the buy side,' he said."

"For example, Shipman said, he showed one couple a house in Edina last fall but they passed on it at $585,000. This spring, it's back on the market, at $540,000, and the couple is reconsidering. 'So now they can let their listing go for less money,' he said, 'and still achieve the same dream and the same goal.'"