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January 22, 2020 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report for Week Ending January 11, 2020 Freddie Mac reported that the average 30-year fixed-rate mortgage dropped to 3.64% this week, the lowest level in three months and down from 4.45% one year ago. Additionally, conforming and FHA loan limits have increased for 2020. Increased loan limits coupled with low rates, will give more buyers the ability to purchase a wider range… Read More
January 14, 2020 | Tags: Announcements Sneak peek at the Foundation's 2020 plan [caption id="attachment_17428" align="alignleft" width="250"] 2020 Trustees Chair Cari Linn[/caption] With 2020 now underway, I wanted to share what the Minneapolis Area REALTORS Foundation’s Board of Trustees has in store for the year. We have been meeting for several weeks now, mapping out a plan to build on our successful record of supporting local organizations’ efforts… Read More
January 14, 2020 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending January 4, 2020 With the start of the New Year, the real estate market turns more active across most of the country. Sellers connect with agents, resulting in a pop of new listings, followed by renewed interest by buyers, which leads to an increase in pending sales. This pattern is seen every year and 2020 should be no… Read More
January 8, 2020 | Tags: Announcements New Members Report - December 2019 December 2019 Membership Report In December MAR added a total of 74 new members including affiliates, non‐member licensees and reinstating members. The total December MAR membership was 9,122 including affiliate and non‐member licensees, reflecting a net increase of 2.0% in membership compared to December 2018. The total December MLS membership was 9,973 which includes unlicensed… Read More