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August 4, 2017 | Tags: Seasonal Adjustments Given the fact that the school year is about a month away (yikes) and we've already had our first preview of fall weather, it feels like a good time to talk about seasonality. First of all, whatever you do, don't use the term "seasonably adjusted." Second of all, don't make matters worse by talking about… Read More
August 3, 2017 | Tags: RealGivers Making a Real Difference at Annual Fundraiser Last week’s RealGiver event raised over $10,000 for the MAAR Foundation, thanks to you, our charitable MAAR members! Highlights of the event included: Impactful stories from Foundation grant recipients, a surprise waterslide fundraising challenge by President Cotty Lowry and music by Past President Emily Green and her jazz ensemble. Recipients of Minnesota Assistance Council for… Read More
July 10, 2017 | Tags: Supporting Our Communities: MAAR celebrated Twin Cities Pride For those in the LGBTQ community, the month of June is traditionally a time for reflection and celebration of the progress made–from the days of the Stonewall Riots to the legalization of gay marriage–there is a lot to be thankful for. Progress is happening with cities around the world hosting festivals drawing millions from all… Read More
June 23, 2017 | Tags: Recent New Construction Activity by Price Point 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… Read More
June 19, 2017 | Tags: Jim Stanton, Owner of Shamrock Development Passed Away   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.… Read More
June 15, 2017 | Tags: Inventory Low, Market Times Quick, Buyer and Seller Activity Steady 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… Read More