The Twin Cities real estate market continues to be strengthened by job growth, low unemployment and interest rates that, although slowly increasing, are still historically favorable. Sales are hindered only...Read More
The real estate market always slows down at the end of the year so a drop in new listings isn’t a surprise. What is a surprise is how much total...Read More
Dropping inventory has been the lead story of the real estate market all year, and the 24.1% drop from November 2016 to November 2017 is the highest it has been...Read More
According to Realtor.com’s 2018 National Housing Forecast, next year could see some relief from the seemingly relentless housing inventory shortage we have been seeing in recent years. The predict a...Read More
Housing supply is best measured when comparing the number of homes for sale to the number of sales, which is how we get months supply of inventory. This is the...Read More
You have to be careful not to take a too narrow view of the market to see overall trends, but it can also be helpful to see what the market...Read More
Twin Cities median home sale prices have been steadily climbing since 2011, with the average year-over-year growth for the last 12 months at 5.9% for September 2017. Percent of list...Read More
A client recently asked me where all the foreclosure listings have gone. If you look at the chart below, you can see that in 2009 and 2011 there were months...Read More
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