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May 22, 2019 |
Prices rising, pending sales stable amidst market rebalancing
Gardeners aren’t the only ones struggling with spring weather this year. The season’s late start and temperature swings suppressed housing market activity early this year, but those effects are moderating. The latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Prices reached a new record of $281,000. New listings…
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May 20, 2019 |
Weekly Market Activity Report For Week Ending May 11, 2019
For Week Ending May 11, 2019 There is no such thing as a national real estate market. When the median sales price of homes for sale in San Francisco ($1.6 million) are compared to the median annual household income in Youngstown, Ohio ($26,295), it is especially evident. National news outlets will report on housing stories…
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May 13, 2019 |
Weekly Market Activity Report For Week Ending May 4, 2019
For Week Ending May 4, 2019 The national chatter over the past couple of weeks has been about royal babies, exciting NBA and NHL playoff games, heightened talk of higher tariffs for China, lackluster tech IPOs and, of course, who will sit on the Iron Throne. Mixed in with those conversations have been thousands of…
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May 6, 2019 |
Weekly Activity Report For Week Ending April 27, 2019
For Week Ending April 27, 2019 The national unemployment rate dropped to 3.6 percent during April 2019, the lowest level since 1969. A historically low unemployment rate can provide reassurance to wary consumers. But in order for sales to increase on a grand scale, buyers will need more spending power, or sellers will need to…
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April 29, 2019 |
Weekly Market Activity Report For Week Ending April 20, 2019
For Week Ending April 20, 2019: Despite one of the latest snowfalls in recent memory in places like North Dakota, Idaho, Colorado, Wisconsin and Illinois, among other Western and Midwestern states, house hunters in these locales and other warmer places do not seem particularly phased by wintry or wet weather. The spring market has sprung,…
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April 22, 2019 |
Weekly Market Activity Report For Week Ending April 13, 2019
For Week Ending April 13, 2019 Housing activity is on the upswing after a slow start to the year. Showings, new listings and pending sales are increasing across much of the country, and inventory is straining to keep pace with demand. These pivotal weeks of the spring market are worth watching with extra care, as…
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April 18, 2019 |
Buyer and seller activity down; weather partly to blame
If February was the month of record snowfall, March was the month of record wet basements. The effects of extreme weather continue to impact the market. Despite that, the latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Prices continued to climb, reaching a new record. New listings…
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April 15, 2019 |
Weekly Market Activity Report For Week Ending April 6, 2019
For Week Ending April 6, 2019 New listings finally started to perk up across the nation last week, effectively launching residential real estate into the springtime selling season. Much has been said and written about the slow launch of new homes for sale in what was anticipated to be a year of rising inventory. Mother…
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April 8, 2019 |
Weekly Market Activity Report For Week Ending March 30, 2019
For Week Ending March 30, 2019 The national unemployment rate held firm at 3.8 percent for the second month in a row, which is good news for an economy that has shown signs of slowing down during the first three months of 2019. Hiring and wage gains have both been below expectations, retail sales dropped…
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April 1, 2019 |
Weekly Market Activity Report For Week Ending March 23, 2019
For Week Ending March 23, 2019 As new listings continue to fail to gain traction and inventory struggles to keep pace with the already low figures from last year, one begins to wonder if the U.S. is poised for a real estate slowdown. Some observers are seeing this as an inevitability, as investors price out…
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March 25, 2019 |
Weekly Market Activity Report For Week Ending March 16, 2019
For Week Ending March 16, 2019 The Federal Reserve recently announced that interest rates will remain steady and that further rate hikes are not planned for 2019. Given that the federal funds rate has increased nine times over the past three years, this is welcome news for consumers carrying high credit card balances. The overall…
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March 22, 2019 |
The Skinny - February 2019 Available
https://www.youtube.com/watch?v=EbRHuQxQWAQ VIEW ALL VIDEOS
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March 19, 2019 |
Extreme February Weather Leaves Dent on Residential Market Stats
Winter sports enthusiasts likely enjoyed the snowiest February on record more than those attempting to buy and sell homes. Even so, the latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Sellers showed a sizeable, weather-related decline in listing activity, while buyers entered into fewer contracts than last…
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March 18, 2019 |
Weekly Market Activity Report: For Week Ending March 9, 2019
For Week Ending March 9, 2019 New listings and overall housing inventory are still proceeding slower than last year in many markets across the U.S., and they are mostly trailing activity for last year, which was already rather low. Sales have also been slower than last year at this time in areas with lingering winter…
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March 11, 2019 |
Weekly Market Activity Report For Week Ending March 2, 2019
For Week Ending March 2, 2019 Sales totals have been mixed across the nation and dependent on what has been a considerably persistent wintry mix in the Great Plains, Midwest and Northeast. While this time of year brings unpleasant weather to all parts of the country, it has less impact on southern and western states.…
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March 4, 2019 |
Weekly Market Activity Report: Week Ending February 23, 2019
For Week Ending February 23, 2019 Two years ago, Millennials (born between 1981 and 1996) passed older generational groups to account for the most new mortgages. Today, Millennials also account for the most total dollar amount of those mortgages. Given the state of ongoing median sales price increases in the majority of the country, this…
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February 19, 2019 |
A mostly strong start to the year
The latest numbers show that 2019 was off to a good start for TwinCities residential real estate. Sellers produced another increase in listing activity, while buyers entered into more contracts than last January even while closed sales fell. Market times continued to shrink as the median sold home price rose compared to last year. After…
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