The Twin Cities real estate market continues to be driven by inventory… and the shortage continues. The red line on the chart above indicates this year’s supply, which is 17.3%...Read More
New listings are up on 1.3% over last year but pending sales are actually down 3%. That said, you can see in the charts below how closely they are tied...Read More
Pent-up demand and low interest rates, combined with increased demand for desirable neighborhoods and school districts have been driving a teardown craze which has been going on for a number...Read More
As with most things, the current housing supply shortage can't be explained by just one thing… there are multiple factors involved, many of them after-effects of the burst of the...Read More
CoreLogic just released a report looking back on the national foreclosure crisis… United States Residential Foreclosure Crisis: 10 Years Later. That crisis is still affecting both buyers and sellers today,...Read More
The supply of homes for sale is not only down in the Twin Cities, it is down dramatically nationwide as you can see from the chart below from Keeping Current...Read More
What struck me most in reviewing market stats for January 2017 was looking at historical charts of inventory and months supply of homes for sale. Both are the lowest they...Read More
There is a big shortage of homes for sale! Data from Minneapolis Area Association of Realtors Nationally, 2017 started with the lowest supply of homes for sale since 1999. That...Read More
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