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July 30, 2019 | Tags: AnnouncementsGovernment Affairs MAR Comments on Two Minneapolis Draft Ordinances regarding Rental Properties Minneapolis Council President Lisa Bender and Councilmember Jeremiah Ellison have shared two draft ordinances with Minneapolis Area REALTORS®, Minnesota Multi-Housing, and other stakeholders. Security Deposit Requirements Limits the security deposit amount to 50% of one month's rent (if both the first and last month are required up front) Limits the pet damage deposit amount to… Read More
July 29, 2019 | Tags: Weekly Market Activity Reports Weekly Market Activity Report For Week Ending July 20, 2019 For Week Ending July 20, 2019 Residential real estate markets across the nation have been performing quite well at this point in the year in terms of home sales, price and inventory. Although not always true at every price point and home type in every geography, the general rule of thumb in 2019 as we… Read More
July 22, 2019 | Tags: Market DataMarket ResearchWeekly Market Activity Reports Weekly Market Activity Report For Week Ending July 13, 2019 For Week Ending July 13, 2019 Every year during the week of Independence Day, real estate markets across the country slow down as buyers, sellers and real estate professionals take some time off during the height of summer to spend time with friends and family. This year continued that tradition, except that new listings declined… Read More
July 18, 2019 | Tags: Market DataMarket ResearchPress Releases Some mixed signals but market fundamentals remain intact In the face of mixed signals, assessing market health can be a challenge. The economy remains healthy, mortgage rates are outrageously low and yet sales aren’t rising. That’s in part because we simply haven’t built enough homes to keep pace with the demand. Despite attractive mortgage rates, the supply of available homes is so tight… Read More