The Skinny Blog


 

As the shortage of residential property listings persists, many observers are rightly examining recent new construction trends. We’d like to get in on that. Using exclusively NorthstarMLS data, this analysis only looks at listings with a “year built” field of 2016 or later. However, the closed sales count only uses 2017YTD activity and inventory is always
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Filed Under: Blog ,Market Research ,Research ,Stats

  Over the weekend, the real estate community lost a prominent industry leader. Jim Stanton leaves his real estate footprint throughout the Twin Cities on over 6,000 home sites in 28 cities in Minnesota and Western Wisconsin. “Jim Stanton always had his eye on the next project whether it be development or industry advocacy efforts.
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Filed Under: Blog

Compared to May 2016, new listings in the Twin Cities inched up 0.7 percent while closed sales fell 1.1 percent. Given that there were 17.3 percent fewer homes on the market compared to last May, it’s clear that buyers remain motivated. Declining foreclosure and short sale activity can contribute to market-wide declines. For example, traditional
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Filed Under: Blog

  2017 Jean Leake Emerging Markets Service Scholarship Recipient—MY NAR REALTOR Legislative Meeting Experience By Erin Wilson The night before I left, I had planned to get up at 4 a.m. to make my 7:30 a.m. flight but found myself awake at 2 a.m. in anticipation of my first trip to the National Association of REALTORS®
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Filed Under: Blog

The “MGIC/MAAR Home Payment Report” is a quarterly overview of typical monthly payments on homes recently sold in the Twin Cities’ 50 most active real estate markets. Agents can download the report and forward it to prospects or include it in their own marketing pieces. The report is produced through a partnership between MAAR and
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Filed Under: Blog

Compared to April 2016, new listings in the Twin Cities declined 8.3 percent while pending sales decreased 8.5 percent. Given that there were about 20.0 percent fewer homes for sale, a modest decrease in signed purchase agreements compared to last year reflects a shortage of listings and not necessarily declining demand. Days on market is
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Filed Under: News Release ,Stats