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October 21, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending October 12, 2019 For Week Ending October 12, 2019 In the last month, mortgage rates have fallen to their lowest monthly average in more than three years, and now Fannie Mae is predicting that continued low rates, and possibly lower rates, are expected in 2020. These historically low mortgage rates have and will continue to support buyer demand… Read More
October 17, 2019 | Tags: Market DataMarket ResearchPress Releases Sales, prices still rising despite some changes this year The latest numbers for Twin Cities residential real estate show a stable market with some ongoing signs of transition. Prices are still rising, supply is still tight, and demand has recovered even while market times have lengthened. Even though more buyers are closing on homes, the urgency has subsided somewhat. Days on market rose 2.4… Read More
October 15, 2019 | Tags: Market DataNews from NARPress Releases New report shows proximity to public transit increases property values in the Twin Cities Property located within a half mile of Minneapolis-St. Paul’s public transit systems is worth 4% more than similar properties not in close proximity to public transportation, according to a joint report released today by the National Association of REALTORS® (NAR) and the American Public Transportation Association (APTA). The report found these higher property values are… Read More
October 14, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending October 5, 2019 For Week Ending October 5, 2019 With the 30-year fixed-rate mortgage approximately one percentage point lower than a year ago according to Freddie Mac, buyers are actively taking advantage. Home refinancing is also going strong and overall mortgage demand, which includes purchase mortgages as well as refinancings, is up 50% from a year ago. Lower… Read More