TC real estate...."Despite increases in new listings in recent months, America is facing an epic housing shortage, with realtor.com reporting the U.S. needs an additional 5.24million homes to meet current population needs, an increase of 1.4 million homes since 2019, as new-home construction has ... Continue Reading » about Twin Cities Real Estate Market Update – October 2021
You have heard lately that the Twin Cities is experiencing "low inventory" in the housing market. But if you are thinking of buying or selling a home, you are probably wondering exactly how does it impact you? We measure inventory by "Months Supply" which is defined as: Active ... Continue Reading » about What does low inventory mean to a Seller?
Twin City real estate....With the last days of summer on the horizon, experts are expecting an unusually busy fall market, as sellers continue putting more homes on the market, hoping to take advantage of record-high sales prices and strong buyer demand. The National Association of REALTORS® reports ... Continue Reading » about September 2021 NW Metro Real Estate Market Update
In the Twin Cities region, for the week ending May 29 from the Minneapolis Area Association of Realtors: • New Listings increased 2.0% to 1,515• Pending Sales increased 30.6% to 1,673• Inventory decreased 45.4% to 5,837 Twin Cities Real Estate Market Update June 2021 Homes for ... Continue Reading » about Twin Cities Real Estate Market Update June 2021
Twin City real estate....."A new analysis by housing giant Freddie Mac suggests that the U.S. housing market needs 3.8 million more single-family homes nationwide to meet demand.Sam Khater, Freddie Mac’s chief economist, noted “we should have almost four million more housing units if we had kept up ... Continue Reading » about NW Metro Real Estate Market Update, May 2021
With historically low interest rates and home equity at a high, you may be starting to think about buying your next house. But how does it work to buy and sell a house at the same time? It can be risky - so here are 5 steps to take first. 1. Talk to a Realtor® Deciding to buy your next home is ... Continue Reading » about How to buy and sell a home at the same time.