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June 18, 2019 | Tags: Market DataPress Releases Early 2019 Weakness Proving Temporary; Market Back On Track There have been two disruptions to the housing market over the last nine months, but their effects are proving short-lived. First, a sudden increase in interest rates in late 2018 weighed on December and January sales activity. Second, record snow and the subsequent melt in February and March of this year weighed on sales activity… Read More
June 18, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending June 8, 2019 For Week Ending June 8, 2019 In terms of relative balance between buyer and seller interests, residential real estate markets across the country continue to perform well on a stage that includes actors such as heightened consumer confidence, wage increases, low unemployment and an economic expansion that is on the verge of being the longest… Read More
June 10, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending June 1, 2019 For Week Ending June 1, 2019 Despite home prices that seem to be creeping ever upward like unchecked crabgrass, pending sales have been performing well, and new listings are generally keeping up with demand in a manner that is propelling the housing industry forward into weed-free pastures. The Federal Reserve considers 2.0% a healthy inflation… Read More
June 3, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending May 25, 2019 For Week Ending May 25, 2019 The venerable open house is a home-selling marketing tactic that is as old as the business of real estate. Put arrow signs up on busy street corners; buy some balloons; lay out flyers and snacks; welcome the stream of curious lookie-loos that traipse through the home. Many REALTORS® skip… Read More
May 28, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending May 18, 2019 For Week Ending May 18, 2019 There is a stillness in the air during this spring's housing market, and not the foreboding kind that precedes a scary moment in a horror film or a major weather event, but rather a sameness to the springs of the last few years. Prices are still edging upwards and… Read More
May 22, 2019 | Tags: Market DataMarket ResearchPress Releases Prices rising, pending sales stable amidst market rebalancing Gardeners aren’t the only ones struggling with spring weather this year. The season’s late start and temperature swings suppressed housing market activity early this year, but those effects are moderating. The latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Prices reached a new record of $281,000. New listings… Read More
May 20, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending May 11, 2019 For Week Ending May 11, 2019 There is no such thing as a national real estate market. When the median sales price of homes for sale in San Francisco ($1.6 million) are compared to the median annual household income in Youngstown, Ohio ($26,295), it is especially evident. National news outlets will report on housing stories… Read More
May 13, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending May 4, 2019 For Week Ending May 4, 2019 The national chatter over the past couple of weeks has been about royal babies, exciting NBA and NHL playoff games, heightened talk of higher tariffs for China, lackluster tech IPOs and, of course, who will sit on the Iron Throne. Mixed in with those conversations have been thousands of… Read More
May 6, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Activity Report For Week Ending April 27, 2019 For Week Ending April 27, 2019 The national unemployment rate dropped to 3.6 percent during April 2019, the lowest level since 1969. A historically low unemployment rate can provide reassurance to wary consumers. But in order for sales to increase on a grand scale, buyers will need more spending power, or sellers will need to… Read More
April 29, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending April 20, 2019 For Week Ending April 20, 2019: Despite one of the latest snowfalls in recent memory in places like North Dakota, Idaho, Colorado, Wisconsin and Illinois, among other Western and Midwestern states, house hunters in these locales and other warmer places do not seem particularly phased by wintry or wet weather. The spring market has sprung,… Read More
April 22, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending April 13, 2019 For Week Ending April 13, 2019 Housing activity is on the upswing after a slow start to the year. Showings, new listings and pending sales are increasing across much of the country, and inventory is straining to keep pace with demand. These pivotal weeks of the spring market are worth watching with extra care, as… Read More
April 18, 2019 | Tags: Government AffairsMarket DataPress Releases Buyer and seller activity down; weather partly to blame If February was the month of record snowfall, March was the month of record wet basements. The effects of extreme weather continue to impact the market. Despite that, the latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Prices continued to climb, reaching a new record. New listings… Read More
April 15, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending April 6, 2019 For Week Ending April 6, 2019 New listings finally started to perk up across the nation last week, effectively launching residential real estate into the springtime selling season. Much has been said and written about the slow launch of new homes for sale in what was anticipated to be a year of rising inventory. Mother… Read More
April 8, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending March 30, 2019 For Week Ending March 30, 2019 The national unemployment rate held firm at 3.8 percent for the second month in a row, which is good news for an economy that has shown signs of slowing down during the first three months of 2019. Hiring and wage gains have both been below expectations, retail sales dropped… Read More
April 1, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending March 23, 2019 For Week Ending March 23, 2019 As new listings continue to fail to gain traction and inventory struggles to keep pace with the already low figures from last year, one begins to wonder if the U.S. is poised for a real estate slowdown. Some observers are seeing this as an inevitability, as investors price out… Read More
March 25, 2019 | Tags: AnnouncementsMarket DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending March 16, 2019 For Week Ending March 16, 2019 The Federal Reserve recently announced that interest rates will remain steady and that further rate hikes are not planned for 2019. Given that the federal funds rate has increased nine times over the past three years, this is welcome news for consumers carrying high credit card balances. The overall… Read More
March 22, 2019 | Tags: AnnouncementsMarket DataMarket Research The Skinny - February 2019 Available https://www.youtube.com/watch?v=EbRHuQxQWAQ VIEW ALL VIDEOS Read More
March 19, 2019 | Tags: Market DataPress Releases Extreme February Weather Leaves Dent on Residential Market Stats Winter sports enthusiasts likely enjoyed the snowiest February on record more than those attempting to buy and sell homes. Even so, the latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Sellers showed a sizeable, weather-related decline in listing activity, while buyers entered into fewer contracts than last… Read More
March 18, 2019 | Tags: Market DataWeekly Market Activity Reports Weekly Market Activity Report: For Week Ending March 9, 2019 For Week Ending March 9, 2019 New listings and overall housing inventory are still proceeding slower than last year in many markets across the U.S., and they are mostly trailing activity for last year, which was already rather low. Sales have also been slower than last year at this time in areas with lingering winter… Read More
March 11, 2019 | Tags: Market DataWeekly Market Activity Reports Weekly Market Activity Report For Week Ending March 2, 2019 For Week Ending March 2, 2019 Sales totals have been mixed across the nation and dependent on what has been a considerably persistent wintry mix in the Great Plains, Midwest and Northeast. While this time of year brings unpleasant weather to all parts of the country, it has less impact on southern and western states.… Read More
March 4, 2019 | Tags: Market DataWeekly Market Activity Reports Weekly Market Activity Report: Week Ending February 23, 2019 For Week Ending February 23, 2019 Two years ago, Millennials (born between 1981 and 1996) passed older generational groups to account for the most new mortgages. Today, Millennials also account for the most total dollar amount of those mortgages. Given the state of ongoing median sales price increases in the majority of the country, this… Read More
February 19, 2019 | Tags: Market DataMarket Research A mostly strong start to the year The latest numbers show that 2019 was off to a good start for TwinCities residential real estate. Sellers produced another increase in listing activity, while buyers entered into more contracts than last January even while closed sales fell. Market times continued to shrink as the median sold home price rose compared to last year. After… Read More