Blog - Charles Ritt

Neighborhood Newsletter, Real Estate News, Uncategorized

N.A.R. Settles for $418 Million

The National Association of Realtors agreed to a $418 Million settlement on March 15th. Maybe you’ve seen some of the headlines, many have been misleading, however. The $418 Million settlement agreement was a result of several class action lawsuits alleging their requirement to offer buyer’s agent compensation in the MLS basically amounted to price fixing […]
Neighborhood Newsletter, Real Estate News, TC Market Numbers, Uncategorized

Expert Home Price Forecasts for 2024 Revised Up

via Keeping Current Matters Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall. So, let’s see exactly how experts’ thinking has shifted – and what’s caused the change. 2024 Home Price Forecasts: Then and Now […]
Neighborhood Newsletter, TC Market Numbers

Feb. 19th, 2024 Twin Cities Market Update

As of February 10th, the number of new listings on the market is up 12.7% over this time last year. The number of pending sales (contracts accepted) is also up, but not quite at the same pace as the new listing numbers, with a 5.6% increase over last year. Overall, inventory has come up just […]
Neighborhood Newsletter, TC Market Numbers

Feb. 1st, 2024 Twin Cities Market Update

New listings are outpacing pending sales as we push on in the new year. That will expand some of the inventory for buyers, which is still much needed. Sellers are taking the same amount of time as last year in selling their home, with an average of 50 days right now. That is also resulting […]