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Neighborhood Newsletter A Record Percent of Buyers Are Planning To Move in 2025 – Are You? A Record Percent of Buyers Are Planning To Move in 2025 – Are You? This could be the year to sell your house – and here’s why. According to a recent NerdWallet survey, 15% of people are planning to buy a home this year. That’s actually a record high for this survey (see graph below): Here’s why this is such […]
Neighborhood Newsletter 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 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 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 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 […]
Neighborhood Newsletter 2 of the Factors That Impact Mortgage Rates If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why? The answer is complicated because there’s a lot that can influence mortgage rates. Here are just a few […]
Neighborhood Newsletter 3 Must-Do’s When Selling Your House in 2024 If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices […]
Neighborhood Newsletter Jan. 4th, 2024 Twin Cities Market Update As of the new year, we’re seeing interest rates stay in the mid 6’s, although they’ve ticked back up recently toward 6.7%. Sellers signed 21% more offers in December than in 2022. Homes that are priced too high are sitting on the market while those that are positioned correctly tend to sell fast. The average […]
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Neighborhood Newsletter Winter ’23 Neighborhood Update We hope you had a wonderful Thanksgiving and wish you nothing but the best for the rest of the holiday season! In Minnesota, this “in-between time” after Thanksgiving and before the New Year is typically the slowest time of the year for real estate sales. However, the neighborhood has remained active this fall. The median […]

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