Tag Archives: Twin Cities Housing Market

Will mortgage rates remain low next year?

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how rates are hitting…

Buyer Interest Is Growing among Younger Generations

The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association of…

Is Now a Good Time to Move?

How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time to be in one…

Three of the Latest Reports Show Housing Market Is Strong

The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. Ivy Zelman’s Real Estate Broker Survey The survey explains that purchaser demand remains strong: “This month’s overall homebuyer…

A Historic Rebound for the Housing Market

Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales Index (PHS) is: “A leading indicator of housing activity,…

Will Home Values Appreciate or Depreciate in 2020?

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real…

The #1 Reason to List Your House Right Now

The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident…

395 Eldridge Ave W, Roseville, MN 55113

3 Bedroom ~ 1 Bath ~ 2.5  Car Detached Garage PLUS 1additional tuck-under What a perfect central location!  Enjoy a 10 min commute to Downtown St. Paul or Minneapolis and a LOVELY large private backyard with a porch to enjoy the outdoors.  Hardwood floors throughout the main level and granite countertops in the kitchen as…

1055 Matilda Street, Saint Paul MN 55117

5 Bedroom ~ 1 Bath ~ 2 Car Garage MLS #4889099 Newer windows and siding! Gorgeous Hardwood Floors throughout both main & upper levels. Kitchen has been restored & updated with beautiful original cabinetry & newer appliances. 2 spacious bedrooms on the upper level with enough space for an office area as well. Enchanting porch…

Top 10 things to look for in a Town Home Association

Buying a town home or condo where all the exterior maintenance is covered by the association fee can be a very attractive option for buyers that don’t have the time and/or energy to worry about mowing the lawn/gardening, etc.  As you take a look at the options available, it is important to make sure the association…