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New Home Listing Up, Buyers turning out, the Spring Market is on Twin Cities Real Estate Market Update March 2024 New listings are the bright spot in this month’s update. We are finally seeing more homes coming on the market after the great drought of 2023. Will that trend continue?https://youtu.be/D660SOrq1qY New Homes Listed for Sale Jump 35% Year-Over-Year As I mentioned, new...

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...

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...

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...

Which Should You Do First? Buy a Home or Sell Your Home You want to buy a new home and you need to sell your home. Are you feeling confused about which step comes first? You are not alone. This chicken-and-egg question is one of the first stumbling blocks that move-up, downsizing, and right-sizing buyers have to confront.Especially in this market, it can be tough to simultaneously navigate both...