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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 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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