Market

Weekly real estate market update 2/26/21… average inventory change by state

Showings continue on about the same path as last year, but feel so much more frenetic. Why? Because inventory is only 42.6% of what it was last year. That means...
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Weekly Market Update 2/19/21… will low mortgage rates continue?

Showing data hasn’t caught up yet… still only updated to February 4, when it was 23.7% ahead of last year. I am anxious to see updated numbers, it has sometimes...
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January 2021 real estate update… inventory continued to drop

Data is in for January 2021 and inventory continued to drop, even more than in  December. Last year started looking hopeful for inventory, even a little ahead of the year...
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Weekly Market Update 2/12/21… some buyers are moving up into the luxury market

Showing data is a week behind, but is ahead of last year even with lower inventory… we’ll have to wait until next week to see if cold temperatures put a...
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Weekly market update 2/5/21… what record-low housing inventory means for you

Showings are popping up in response to new listings popping up… resulting in climbing pending sales. Looks like we’re off to spring market just as the Polar Vortex arrives! We’ll...
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2020 Annual Twin Cities Housing Market Review

Home sale prices, rising steadily since 2011, again marked the Twin Cities Housing Market annual review, with average sale prices rising 7.8% year-over-year in 2020. This pales in comparison to...
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Will there be a glut of foreclosures as homeowners leave forbearance plans?

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns...
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Weekly market update 1/29/21… is now the right time to sell?

Buyers aren’t letting winter or Covid keep them from viewing homes… showings are on an upward trajectory. We have the advantage of a mild winter so far, encouraging news that...
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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.