Market

Weekly real estate market update 4/8/22… the future of home price appreciation

New and pending listings continue to trend together, closer to last year’s pending rather than new listings. Not sure what happened last year at this time to make showings dip...
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What’s with all the new foreclosure notices? Is this a red flag for the housing market?

This year has seen a massive jump in the number of foreclosure starts, as witnessed in the daily mortgage foreclosure notices in our local newspaper. What is happening now is taking...
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Weekly real estate market update 4/1/22… the best week to list your house

New listings picked up again this week while coming soon listings slowed down and pending sales stayed on its steady upward course. Showings continue to be steadily increasing, on trajectory...
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Weekly real estate market update 3/25/22… the impact of rising rates on home prices

Showings are on the rise again this week, below last year but could still catch up. I have a classic first-time homebuyer listing coming active today in St. Paul and...
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Weekly real estate market update 3/18/22… median buyer income still higher than required to buy a median-priced home

Showings this week were about the same as they were two years ago, at the beginning of the Covid-19 lockdown. New listings and pending sales are in lock step, hanging...
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Buyers did what?! …desperate buyers going to desperate extremes

With the supply of homes for sale at all-time lows, it has become standard to submit offers well above asking price, guarantee a potential appraisal gap and waive inspection. Strong...
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February 2022 real estate update… inventory hits all-time low

According to data from the Minneapolis Area Association of Realtors, inventory was at an all-time low at the beginning of February 2022. It was down 19% from February 2021, about...
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Weekly real estate update 3/11/22… multiple offers are the new normal

Coming soon listings dropped about the time of the snow storm in February, and last week’s big snow dump didn’t help… coming soon listings have been flat the last three...
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Sharon and John Hensrud

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The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.