Blog

• Weekly Market Report
  For Week Ending July 17, 2021 Cash buyers continue to make up a significant portion of the U.S. housing market, with nearly one-third of home sales this year being all-cash purchases. Although investors make up a considerable number of cash … Continue reading →
• June Monthly Skinny Video
  The increase in sales prices comes with a slight decline in existing home sales nationwide, as homebuyers struggle with declining affordability amid a lack of inventory, forcing some buyers to simply wait it out in hopes of more inventory and … Continue reading →
• Twin Cities Median Sales Price Hit Milestone $350,000
  Buyers faltered for the first time in twelve straight months of increased demand (July 16, 2021) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, the median sales price for a … Continue reading →
• Weekly Market Report
  For Week Ending July 10, 2021 As sales prices surge, housing affordability continues to decline, despite historically low interest rates. According to the National Association of REALTORS® Housing Affordability Index, the median family income increased by only 1.2% in May, … Continue reading →
• Weekly Market Report
  For Week Ending July 3, 2021 Mortgage applications decreased 1.8% last week, falling to the lowest level since January 2020, according to the Mortgage Bankers Association’s seasonally adjusted index, with declines noted in both refinance and purchase applications. Rising home … Continue reading →
• Weekly Market Report
  For Week Ending June 26, 2021 The U.S. Department of Labor reported unemployment claims fell to 364,000 for the week ending June 26, down 51,000 from the previous week’s revised total and the lowest level for initial jobless claims since … Continue reading →
• Weekly Market Report
  For Week Ending June 12, 2021 U.S. median rental prices increased 5.5% year over year for an average of $1,527 in May, exceeding pre-pandemic figures and putting rents at their highest level in two years, according to realtor.com’s Monthly Rental … Continue reading →
• May Monthly Skinny Video
  Home prices are still on the increase and that is not likely to change during the summer months. The Median Sales Price increased 16.1 percent to $342,500 for the month.
• Demand for Homes Continues to Increase, Tightening Market Inventory
  (June 16, 2021) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, buyer activity in May was up 15.7 percent compared to last year, a twelfth-straight increase in month-over-month pending sales. … Continue reading →
• Weekly Market Report
  For Week Ending June 5, 2021 Fannie Mae’s new refinancing program, RefiNow™, which offers qualifying homeowners with a Fannie Mae-owned mortgage new options for refinancing their loans, officially starts on June 5th. Borrowers at or below 80% of the area’s … Continue reading →