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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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
April 29, 2020 | Tags: AnnouncementsCommunityMarket DataPress ReleasesWeekly Market Activity Reports Media Contacts and Resource Media Inquiries Telly Mamayek, VP of Communications and Engagement O: 952.988.3138  C: 952.594.5672 TellyM@mplsrealtor.com Market Data David Arbit, Director of Research and Economics 952.988.3150 DavidA@mplsrealtor.com Logos and Usage Guidelines REALTOR® Logo REALTOR® Logo Guidelines Minneapolis Area REALTORS® Logo Minneapolis Area REALTORS® Style Guide     Read More
April 27, 2020 | Tags: COVID-19Government Affairs U.S House Passes Deal to Replenish Coronavirus Relief Funding The U.S. House passed legislation on Thursday, April 23 providing a fresh round of funding for coronavirus small-business relief programs championed by the National Association of REALTORS® and available to REALTORS® through the CARES Act. The Senate passed the bill on Tuesday, April 21. President Trump is expected to sign the measure, which will clear… Read More
April 27, 2020 | Tags: COVID-19Market Data Market Impact of CV-19 | 04-27-2020 Welcome back to another weekly edition of our special market analysis where we attempt to measure and visualize the impact of CV-19 on the housing market. This week we begin with showing activity, which is one of the most reliable leading indicators of demand (mortgage applications are another good one). Since "bottoming" around the first… Read More
April 27, 2020 | Tags: Weekly Market Activity Reports Weekly Market Activity Report for Week Ending April 18 The Department of Labor's initial jobless claims report released April 16 showed 5,245,000 new weekly claims, which is a decrease of nearly 1.4 million from last week. New initial claims are expected to continue to decline but still remain at high levels in the next few weeks. This week the Commerce Department reported new construction… Read More
April 22, 2020 | Tags: COVID-19Government Affairs U.S Senate Passes Deal to Replenish Coronavirus Relief Funding The U.S. Senate passed legislation on Tuesday, April 21 to replenish funding for several coronavirus small-business relief programs championed by NAR and available to REALTORS®. The House is expected to take up the measure later in the week. Under the Senate agreement, the Paycheck Protection Program (PPP) will receive $310 billion in new cash, while… Read More
April 20, 2020 | Tags: COVID-19Market Data Market Impact of CV-19 | 04-20-2020 Hello and welcome back to another edition of our weekly market analysis where we use showing data and other indicators to measure the impact of CV-19 on the housing market. This week we again begin with new listings and pending sales straight from our Weekly Market Activity Report. First up is our new listings trend… Read More