Blog

• May Monthly Skinny Video
• Weekly Market Report
  For Week Ending June 11, 2022 To help fight rising inflation, which hit 8.6% as of last measure, the Federal Reserve raised interest rates by three quarters of a percentage point, the largest interest rate hike in 28 years. The … Continue reading →
• Twin Cities housing supply up for the first time in two years
  There were 6,766 homes on the market at the end of May, 5.3 percent more than May 2021 Median Sales Price reached a record $375,000, up 9.0 percent from last May Pending Sales were down 11.8 percent from last year’s … Continue reading →
• Weekly Market Report
  For Week Ending June 4, 2022 The slowdown in the U.S. housing market is causing lumber prices to plummet. Nationally, lumber prices fell 12% the week ending June 3 and are down 47% year-to-date, representing a 65% decline from 2021’s … Continue reading →
• Weekly Market Report
  For Week Ending May 28, 2022 Nationally, home sales and contract signings continue to soften compared to last year’s pace, while sellers are working quickly to list their homes and cash in on the remaining buyer demand. Realtor.com reports new … Continue reading →
• Weekly Market Report
  For Week Ending May 21, 2022 Rental prices continue to soar to new highs, with the median rent reaching $1,827 as of last measure, a 16.7% increase from the same time last year, according to Realtor.com. Rental units are in … Continue reading →
• Weekly Market Report
  For Week Ending May 14, 2022 With home prices and mortgage rates continuing to rise, down payments are increasing nationwide, as buyers aim to lower their monthly mortgage costs and make their offer more attractive to sellers. According to Realtor.com, … Continue reading →
• April Monthly Skinny Video
• Home prices hit $370,000 as rates push affordability to lowest level since 2004
  Both pending and closed home sales were down about 9.0 percent from last April Inventory was down 9.2 percent to 5,758 units, the twenty-fifth consecutive month of declines Median Sales Price reached a record $370,000, up 10.0 percent from last … Continue reading →
• Weekly Market Report
  For Week Ending May 7, 2022 Demand for adjustable-rate mortgages (ARMs) is rising, as buyers look to mitigate higher monthly payments caused by record-high sales prices and surging mortgage interest rates. Although less popular than fixed rate mortgages, ARMs offer … Continue reading →