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Want to crunch some numbers before you bu...
November 2023 Vs 2022 Market Update
Embracing the Shifts:
New Listings: The region witnessed a positive change in new listings, with a 5.3% increase. This uplift signals a growing willingness among homeowners to enter the market, providing a broader selection of homes for potential buyers. Closed Sales: On the flip side, closed sales experienced a downturn, decreasing by 7.1%. This reflects the market's natural ebb and flow, influenced by factors such as seasonal adjustments and broader eco...
Is The Housing Market Going To Crash?
I wish I could say I have a crystal ball for you, but I do have real data from Minneapolis Association of Realtors.
First I don't think we are going to have a crash. Maybe a small adjustment but I don't think that is a bad thing.
Lets start with Median Sales Price Sept 22' to Sept 23'
October 2023 VS 2022 Market Update
In the realm of real estate, understanding the ebbs and flows of the market is crucial for navigating future decisions, whether you're looking to buy, sell, or simply keep a pulse on the local economy.
The Minneapolis Area Realtors® provides an invaluable resource with its monthly market updates, offering a deep dive into the dynamics at play within the 16-County Twin Cities region. October 2023's update sheds light on some interesting trends that merit closer...
Minneapolis Area Housing Market: Bright Spots in August 2023
The sun seems to shine a little brighter in the Minneapolis real estate realm, even as the year progresses and seasons change. The latest figures for August 2023, provided by the Minneapolis Area REALTORS®, not only give a detailed overview of the current market but also highlight several reasons to be optimistic about the housing scenario in the region. Let's delve into these promising numbers.
Celebrating the Market Highlights:
T...
Your Monthly Market Update September 2023 VS 2022
A Glimpse into September's Market Movements
September's narrative is one of nuanced changes, each metric telling a part of the story of the Twin Cities' real estate market:
New Listings: The market saw a decrease in new listings by 6.4%. This contraction suggests a hesitation among sellers to enter the market, possibly awaiting more favorable conditions or reflecting a broader trend of inventory tightening across the region. Closed Sales: A...
Promising Trends Amid Rising
Fixed-Rate Mortgages
For Week Ending July 15, 2023
As we analyze the real estate landscape for the week ending July 15, 2023, we find a plethora of promising trends to embrace. Despite the challenges posed by rising fixed-rate mortgages, the emergence of adjustable-rate mortgages (ARMs) has breathed new life into the market. Homebuyers, especially those seeking loans exceeding $1 million, are increasingly turning to ARMs as a viable solution.
The Surge of Adjustab...
