The Twin Cities housing market is enjoying a strong start to the traditionally “hot” buying and selling season, due in part to ongoing favorable interest rates and an improved economy. According to data collected by the Minneapolis Area Association of Realtors, new listings increased 23.2 percent to 5,690 in February, the largest year-over-year increase since […]
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Shop Smart for Your Dream Home During the Spring Buying Season
Twin Cities Housing Market Shakes Off the 2014 Slump
The housing recovery in the Twin Cities appears to be back on track. Home sales in February rose 1.3 percent, their biggest gain since October 2013, and a sign of optimism for the months ahead. “If February is any indication, this spring is shaping up to be everything that spring markets should be,” said Mike Hoffman, […]
Minneapolis Downtown Ranks Second Best in U.S.
Downtown Minneapolis earned the No. 2 spot on a Livability.com list of the top downtown areas in the United States. One of many things that stands out about downtown Minneapolis, Minn., is that it’s surrounded by parks, lakes and rivers providing residents quick access to a variety of outdoor recreation, including cross-country skiing in the […]
January Pending Home Sales Hit Highest Level In 18 Months
The number of contracts signed to buy previously-owned homes in January marked the highest level in 18 months, the National Association of Realtors said Friday. NAR’s Pending Home Sales Index, which tracks contract signings (as opposed to closed sales), rose 1.7% in January to 104.2, from an upwardly revised December level of 102.5. (An index of […]
The National Real Estate Market Shows Positive Signs of Growth
Things are certainly looking up on the national real estate market! According to a recent report from the national Standard & Poor’s/Case-Shiller Home Price Index, home prices increased during the month of January despite cooling home sales. Experts believe that a tightening inventory helped to spur the rise in home prices. This is important information […]
Report: US Home Prices On the Rise
The National Association of Realtors recently announced the latest US real estate figures and the numbers are encouraging for anyone considering selling their home. Evidently, home price growth accelerated in much of the country during the fourth quarter of 2014. This is a fantastic development for anyone hoping to get a good price on their […]
New US Home Sales and New Housing Starts See Major Surge
Regardless of whether you’re navigating the new home sales market or the new construction market, you’ve likely heard some great news over the last few weeks. That’s because both sectors of the national housing market have made gains recently, according to media reports. If you’re planning on entering the market anytime soon as a buyer […]
Young Buyers Returning to the US Housing Market En Masse
A key factor in the housing market recovery is returning to the national market en masse, much to the elation of housing market analysts. According to a recent Bloomberg article, more and more first-time home buyers are entering the market because they feel more confident about the economic recovery. Faster economic growth and a labor […]
Report: US Home Inventory Low, Making It a Great Time to Sell
Happy New Year! We hope you and your loved ones enjoyed a wonderful New Year’s Eve and that you’re as excited and hopeful about 2015 as we are! And if you’re a prospective home seller, a recent report from the National Association of Realtors suggests that there’s a good chance you can get a great […]