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Home Affordability

The November 18, 2014 Star Tribune wrote an article titled “Twin Cities ranks No.1 for Home Affordability”. calculated its new rankings based on several criteria adding a quote from Emily Green, president of the Minneapolis Area Association of Realtors. … Continue reading

Winter 2014/15

As we approach the months of November, December and January, the real estate market generally quiets down. Combined with the correction in the market that occured in May and June 2014 where more listings came on the market and leveled … Continue reading

March 2013 notes.

The 2013 market continues to gather strength despite the weather. Last year, green grass was appearing and golf courses were opening the 3rd week in March. Despite the snowy conditions, both units and volume are up across the board at Edina … Continue reading

October notes.

The real estate sales market has continued strong into the fall of 2012 for several reasons. The inventory of active listings is reduced, so buyers are more actively considering the existing inventory. Interest rates are at ALL TIME lows with … Continue reading

July  notes. The market in the Twin Cities continues to show improvement. The Minnesota Association of Realtors says housing sales were up about 5% past month compared with June 2011. The association’s report shows the median sale price of a … Continue reading

June notes. Edina Realty Title was the #1 title company in terms of closings in the Twin City metropolitan area in 2011. Interest rates reached their lowest point on Friday June 15, 2012 when the rate was quoted at 3.625%. … Continue reading

May 2012 notes. The spring 2012 real estate market has been very healthy! Prices bounced up again in April. According to the St. Paul Pioneer Press, it’s the largets jump since before the housing market meltdown. Prices were up 12.4% … Continue reading

March 2012 notes.

According to the NAR (National Association of Realtors), the housing affordability index has reached the highest level since recordkeeping began in 1970. The index rose to a record high 206.1 in January 2012. The higher the number, the greater the … Continue reading

January 2012 notes. The new year has arrived and with it, a market that has a rare combination – low interest rates and a very low listing inventory. According to the Minneapolis Area Association of Realtors, “That’s all well and … Continue reading

November notes. On November 7, 2011, Realtor Mag noted that Minneapolis/St. Paul is rated #1 in the 8 Healthiest Housing Markets! “Home prices here are expected to rise 8% next year, the highest growth projected in the 100 cities analyzed. … Continue reading