Blog

• Weekly Market Report
  For Week Ending January 15, 2022 As the U.S. economy recovers from the pandemic, the number of homeowners in forbearance continues to decline, with the total number of loans in forbearance falling to 1.41% as of last measure, making it … Continue reading →
• Weekly Market Report
  For Week Ending January 8, 2022 Mortgage rates rose to their highest level since May 2020, with the 30-year fixed rate mortgage averaging 3.22% during the first week of 2022, more than half a percent higher than January 2021. The … Continue reading →
• Weekly Market Report
  For Week Ending January 1, 2022 After a brief moderation last spring and summer, lumber prices are on the rise again. According to the National Association of Home Builders, lumber prices have nearly tripled the past 4 months, adding more … Continue reading →
• Weekly Market Report
  For Week Ending December 25, 2021 Home prices soared to new heights in 2021 and homebuyers are having to borrow more to afford their home purchase as a result, with the average home loan reaching $414,115 as of last measure, … Continue reading →
• Weekly Market Report
  For Week Ending December 18, 2021 Single-family rents increased 10.9% year-over-year as of last measure, the fastest year-over-year increase in more than 16 years, and more than 3 times the rate of increase a year earlier, according to the CoreLogic … Continue reading →
• Despite a less frenzied marketplace, YTD figures show enduring strength
  (December 16, 2021) – According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, the median sales price in the Twin Cities rose 9.4 percent from last November to $339,000. While that’s down from … Continue reading →
• November Monthly Skinny Video
  Months’ supply of inventory was down 21.4 percent since last year at 1.1 months. That’s well below the 5 months that’s considered balanced. Percent of List Price Received at Sale remained at 100.7 percent since last year.
• Weekly Market Report
  For Week Ending December 11, 2021 With developable lots in short supply across the country, home builders are finding other ways to meet booming buyer demand. According to the most recent Annual Builder Practices Survey, one in four new single-family … Continue reading →
• Weekly Market Report
  For Week Ending December 4, 2021 The latest REALTORS® Confidence Index Survey found that, nationally, sellers of homes that closed in October saw 3.7 offers on average, which was up from 3.4 offers on average a year ago. The survey … Continue reading →
• Weekly Market Report
  For Week Ending November 27, 2021 With showings, contract signings, and closed sales remaining strong throughout fall, experts are expecting an especially busy housing market this winter, as buyers rush to beat rising rental prices and anticipated increases in mortgage … Continue reading →