This has proven to be a steady year for buying and selling activity in the residential real estate market. Although inventory declined and prices increased throughout the year, it has been a rather strong year, and many are predicting that 2017 will remain about the same as Continue Reading
Market Statistics: Week Ending November 5th, 2016
It is unclear how having elected the first business person with no prior political experience and a heavy background in real estate as the nation's president is going to influence the housing market. In the hours and days after the election, financial markets became quite Continue Reading
Market Statistics: Week Ending October 29th, 2016
We enter the fourth quarter of the year knowing that the share of first-time home buyers rose for the first time in approximately three years. This fact is driven primarily by healthy job growth, but we need to see more homes entering the market in order to combat the low Continue Reading
Market Statistics: Week Ending September 24th, 2016
An increase in builder confidence could indicate an increase in construction starts in the near future, which would be great news in a time of continued supply constriction. As rents and sales prices throughout the country continue to rise, adding purchasable housing to the Continue Reading
Market Statistics: Week Ending August 27th, 2016
If residential real estate were a wager to close out the summer golf season,prospective buyers would still be waiting impatiently for prospective sellers to take the putt on the final hole. Yet inventory continues to shrink, as summer vacations end and kids return to Continue Reading
Twin Cities Home Prices are Back to a RECORD HIGH!
It took 10 years, but Twin Cities home prices last month returned to the record levels they were at before the housing bust. The median sales price in June was $242,000 in the Twin Cities 13-county metro area according to the Realtors’ Associations. This eclipses the Continue Reading
Market Statistics: Week Ending July 30th, 2016
It's only August, but this time during summer usually means making plans for changes ahead, especially the start of a new school year. For potential home buyers with school-aged children, these are the pivotal days for deciding whether or not to purchase or wait. With Continue Reading
Market Statistics: Week Ending June 25th, 2016
As we know, declining inventory has been the central focus of real estate news throughout the first half of the year. The lack of options of homes for sale seems to be keeping many from selling and instead, staying and renovating. This, in turn, leads to a lack of starter Continue Reading
Market Statistics: Week Ending May 28th, 2016
The trends of higher sales and fewer homes for sale that prevailed through the first quarter of 2016 have only gotten stronger through the second quarter. Although more sellers are listing than at this time last year, it's still not quite enough to keep up with the heat of Continue Reading
2016 Remodeling Cost vs. Value
– Make First Impressions Count – As spring arrives, so did all of the Home Improvement shows and endless options to update your home. Whether you are considering making improvements to your home in preparation to sell it or simply for your own personal enjoyment, the Continue Reading
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