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December 18, 2018 | Tags: Long-awaited inventory gains finally arrive For the first time since April 2015, there were more homes listed for sale in the Twin Cities metro than the same month the year prior. After years of strong buyer activity and weak seller activity, the tides seem to finally be shifting. Seller activity has been accelerating since the middle of this year. Meanwhile,… Read More
December 17, 2018 | Tags: Plymouth Council Votes Down Short-Term Rental Restrictions On Tuesday, December 18 the Plymouth City Council met and considered adding “occurrence restrictions” on short-term rentals within the city limits. The proposed ordinance would have allowed only one occurrence of a short-term rental in a 30-day consecutive period, effectively limiting the frequency of short-term rentals. Minneapolis Area REALTORS® submitted a formal letter and testified… Read More
December 5, 2018 | Tags: Heart of the Community Award Recipients Minneapolis Area REALTORS® shines a light on a few of our members who have dedicated their time, talents and energy to serve in a volunteer leadership capacity in our communities. These REALTORS® are change agents. They recognized a critical need in our community and took action to address those needs. Some of these members have… Read More
November 16, 2018 | Tags: Supply tight but flattening, prices still rising, sales fluctuating As sentiments regarding the direction of housing markets have changed, it’s worth remembering two key facts. First, all housing is local—what’s happening in San Francisco, Seattle and Denver is not reflective of the Minneapolis-St. Paul market. Second, the housing market faces fewer risks than in the mid-2000s. After years of strong buyer activity and weak… Read More
October 17, 2018 | Tags: More Early Signs of Shifting Market Tides After years of strong buyer activity and weak seller activity, the market tides seem to finally be shifting back toward balance. Strong demand and weak supply have created an environment that favors sellers. But if anything can be called a constant in the market—it’s change. Four of the last five months showed increases in new… Read More
September 19, 2018 | Tags: Gung-Ho Sellers Post Largest Increase in Nearly Three Years More sellers are feeling optimistic about listing their homes just as humidity, cabin weekends and food-on-a-stick give way to rakes, school buses and sweater vests. Compared to last August, Twin Cities sellers listed 7.6 percent more homes on the market. That was the largest increase since late-2015. Although buyers signed 2.9 percent fewer contracts than… Read More