Q3 MLS Fees are due by June 30
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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: Government Affairs Proposed Ordinances on Rental Security Deposits and Screening Criteria Minneapolis Area REALTORS® (MAR) has become aware of two draft ordinances proposing to establish limits on rental security deposits and changing rental screening criteria. In ordinances drafted by Council President Lisa Bender and Councilmember Jeremiah Ellison, limits would be established on security deposit requirements. If charging the first month and last month in advance, the… Read More
June 18, 2019 | Tags: Government Affairs Short Term Rental Ordinances Up For Review, Changes Are Likely Coming Currently, Short Term Rentals (STR) are allowed within a three-bucket approach. STRs are generally permissible within the rules, at least currently. However, you may have seen this recent article and the tide might be shifting. Minneapolis City Council Member Steve Fletcher, Ward 3, North East has introduced the two existing ordinances and referred them Minneapolis… 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