MAR has suspended in-person classes, meetings and events through June 30, 2020. Current MAR office hours: VIRTUAL (phone, email) 8:00 a.m. – 4:30 p.m. Monday – Friday, PHYSICAL (in-person) 9:00 a.m. – 1:00 p.m. Thursdays only.

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June 1, 2020 | Tags: Minneapolis Area Realtors® Statement on the Death of George Floyd We at the Minneapolis Area Realtors® are outraged and grieving in the aftermath of the killing of fellow Minnesotan, George Floyd. As an organization committed to diversity and inclusion, we stand with George Floyd’s family, friends, and all who call for justice and accountability. Our values and Realtor® Code of Ethics demand “social responsibility” in… Read More
June 1, 2020 | Tags: COVID-19Market Data Market Impact of CV-19 | 2020-06-01 Hello and thanks for joining us for another weekly market update, where we use MLS data to track the impact of COVID on the residential housing market. Last week, we noted that we've reached a new high for the year in terms of showings. Showing activity always quiets down during the Memorial Day weekend, and… Read More
June 1, 2020 | Tags: Market DataWeekly Market Activity Reports Weekly Market Activity Report for Week Ending May Mortgage rates have now been below 3.30 percent for four consecutive weeks, according to the latest update from Freddie Mac. These near-record low rates have been a catalyst for the recovering buyer activity in the housing market while sellers continue to maintain a little more cautious approach. In the Twin Cities region, for the week… Read More
May 26, 2020 | Tags: Announcements Minneapolis Area REALTORS 2020-2022 Strategic Plan At it’s meeting on May 21, MAR’s Board of Directors got an update on the association’s 2020-2022 Strategic Plan. The 3-year blueprint guides the association’s staff and volunteer leaders in support of MAR’s mission to help REALTORS® succeed while promoting stronger, sustainable communities.                 VIEW AS PDF Read More
May 26, 2020 | Tags: COVID-19Market Data Market Impact of CV-19 | 05-26-2020 Hello again and thanks for joining us this week to track the impact of COVID on the residential housing market. We recently passed an important milestone where showing activity reached a new high for the year. Prospective buyers took a quick breather during the cold Mother's Day weekend and more recently during the Memorial Day… Read More
May 26, 2020 | Tags: Market DataWeekly Market Activity Reports Weekly Market Activity Report for Week Ending May 16 More than 4.1 million homeowners are now in mortgage forbearance plans, according to the Mortgage Bankers Association's latest survey. Homeowners affected by COVID-19 with a federally backed home loan can delay mortgage payments for up to a year as part of the CARES Act passed by Congress. While the latest numbers are an increase from… Read More
May 22, 2020 | Tags: Market DataPress Releases Record high showings the bright spot in April housing numbers Buyer interest remains strong amid decline in listings and pending sales (May 21, 2020) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, both buyer and seller activity was down in April, but the number of residential showings has reached a new high for the year.… Read More
May 18, 2020 | Tags: Market Impact of CV-19 | 05-18-2020 Hello and thanks for joining us to track the impact of COVID on the residential housing market. This week we’ll feature information from our weekly report as well as some showings trends and buyer and seller activity by price point. Last week we passed a milestone where showing activity had reached a new high for… Read More
May 18, 2020 | Tags: Market DataWeekly Market Activity Reports Weekly Market Activity Report Week Ending May 9 This week ATTOM Data Solutions released their Q1 2020 U.S. Home Equity and Underwater Report, showing that just over one in four homeowners have at least 50% equity in their homes. The Mortgage Bankers Association reported that mortgage applications were up again last week, which is further sign of strengthening buyer interest as much of… Read More
May 11, 2020 | Tags: COVID-19Market DataWeekly Market Activity Reports Market Impact of CV-19 | 05-11-2020 Hello and thanks for joining us on another weekly data adventure where we track the impact of COVID on the residential housing market. This week we'll feature information from our weekly report as well as some of our showings trends and buyer and seller activity by price point. We reached a major milestone in overall… Read More
May 11, 2020 | Tags: Community Meet Your Foundation Trustee: Shannon Brooks The MAR Foundation’s activities are governed by a 10-member Board of Trustees – a dedicated group of volunteers who care deeply about ensuring everyone has a place to call home. One of those volunteers is Immediate Past Chair Shannon Brooks. Why she is a REALTOR®: “I love the ability to help people achieve their real… Read More
May 11, 2020 | Tags: Announcements New Members Report - April 2020 April 2020 Membership Report MAR added a total of 70 new members in April including affiliates, non-member licensees, and reinstated members. This compares to 177 new members in April of 2019.  This is a substantial decrease based on the current Covid-19 crisis that began in early March of 2020. At the end of April, MAR… Read More
May 11, 2020 | Tags: Market DataWeekly Market Activity Reports Weekly Market Activity Report Week Ending May 2 The Mortgage Bankers Association reported a 12% increase in mortgage applications last week, reversing a trend of falling activity due to the COVID-19 pandemic. While a positive sign of buyer interest and future home buying activity, application volume was still 20% lower than a year ago. Initial unemployment claims came in at a little more… Read More
May 4, 2020 | Tags: COVID-19Market Data Market Impact of CV-19 | 05-04-2020 Hello and thanks for joining us on another weekly data adventure where we track the impact of the pandemic on the residential housing market. This week's edition is truly one "for the people." Every one of today's data visualizations is based on information that every licensed agent can access. In other words, with a little… Read More
May 4, 2020 | Tags: Market DataWeekly Market Activity Reports Weekly Market Activity Report for Week Ending April 25 While the initial unemployment insurance claims number was down from last week, claims remain at a high level with over 4.4 million people filing for the first time in the latest Department of Labor report. Weekly initial claims are likely to continue to decrease in coming weeks while still remaining significantly elevated. Mortgage rates have… Read More