Twin Cities Real Estate Market Update December 2023 Interest rates Dropped in NovemberNew Listings were Up Year-Over-Year Twin Cities Real Estate Market Update for December 2023 Interest rates started dropping in November—finally—after peaking in October and new home listings in the Twin Cities metro were actually up last month compared to the previous November. That’s the first time...
FHA Loan Program for Seniors Age 62+ Buy Your Retirement Dream Home and Never Make Another Mortgage Payment If you’re retired already, or getting close to retirement age, you’re probably thinking about your future. I know I am.Maybe you’re hoping to travel to all those places you’ve wanted to see but never had the time. Or maybe you’re hoping to move closer to your kids or grandkids....
Twin Cities Real Estate Market Update for September 2023 Home Prices Rise Again as Supply of Homes for Sale Remains Low Leaves are changing, temps are falling, will the Twin Cities real estate market climb out of it's summer slump? https://youtu.be/aZemaukrtrY As regular readers of this blog know, each month I crunch the data from the previous month’s home sales to identify real estate market trends...
July brought another month of Calm Stability for home Prices and Interest Rates Is the Rollercoaster Ride Over for the Twin Cities Housing Market? It’s August and you know what that means. It’s almost time for the Great Minnesota Get Together, the State Fair. Food on a stick, rides, music, and the best people watching you’ll get all year. If you’re looking for some excitement to end your summer,...
The Benefits of New Construction and the Convenience of City Living Highland Bridge Homes With the shortage of existing single-family homes for sale, many buyers are considering purchasing new construction instead.But much of the new home building in the Twin Cities is taking place in the second- and third-ring suburbs. If you want to live in Minneapolis or St. Paul, finding a new construction...
Home Prices are rising again, and inventory is falling Twin Cities Real Estate Market Update July 2023 New listings are down. Home prices are rising. And interest rates have climbed back above 7 percent. In my real estate market update for July, I look at how these trends are impacting homebuyers and home sellers in the Twin Cities. https://youtu.be/VLmcI7VndqQ It’s July already, and we’re more than...
The Step up program helps move-up and repeat homebuyers Get Money for Your Downpayment (Even if You Already Own a Home) Have your needs outgrown your current home? Maybe it’s too big now that you have an empty nest, or too small after a new arrival. Maybe it was never a great fit. Whether was your starter home or the home you raised your family in, it no longer fits your needs. It’s time for a...
Twin Cities Real Estate Market Update for May 2023 Twin Cities Home Prices Stay Steady in May It’s already summer, at least if you look at the thermostat. The first week of June and we’re already seeing 90s. What happened to Spring? And what happened to the spring housing market? It looks like the market is going to be a late bloomer this year, what with inventory shortages and interest rates...
Lorem ipsum dolor sit amet, consectetur adipiscing elit. What Homebuyers Want (and Home Sellers Need to Know) In this seller’s market, you might think that all you need to do to sell your home is put a sign in the yard.But today’s homebuyers are pickier and savvier than in the past. They know what they want, and they are willing to walk away from any home that doesn’t have the right stuff.If...
Will the Spring Market Bloom or Bust? Twin Cities Housing Market Update May 2023 It's finally spring here in the Twin Cities. After a long, cold slog of a winter, there is green grass and tulips!We are seeing some signs of spring in the housing market, too, although not as much as we had hoped.This month, I look at the Twin Cities housing market trends from April and look at some historical data...
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