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– REALTOR

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For Week Ending May 7, 2016. Although higher than they were a year ago, mortgage applications are barely moving from week to week despite mortgage rates sitting at three-year lows. Supply remains lean across the country, and sales figures are showing some of the strain of that reality. Homes that show well continue to sell quickly and at prices that make sellers smile. In the Twin Cities region, for the week ending May 7:. New Listings increased 4.8% to 2,212. Pending Sales increased 3.3% to 1,555. Perce...

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The Skinny

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Twin Cities Homes Selling in Record Time, But Key Differences Persist. By Aubray Erhardt on Friday, August 12th, 2016. Over the last 12 months, properties in the $190,000 to $250,000 range have tended to sell the quickest, at an average of 54 days. As the price point rises, so does the amount of time spent on the market. There is a sweet spot whereby both lower and higher priced homes take longer to sell. Those selling properties above the $500,000 mark know that patience is a virtue even in our current ...

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Weekly Market Report

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For Week Ending April 11, 2015. In the Twin Cities region, for the week ending April 11:. New Listings increased 9.7% to 2,114. Pending Sales increased 17.0% to 1,319. Inventory decreased 0.2% to 14,509. For the month of March:. Median Sales Price increased 10.5% to $210,000. Days on Market increased 7.4% to 102. Percent of Original List Price Received increased 0.8% to 95.9%. Months Supply of Inventory increased 3.0% to 3.4. All comparisons are to 2014. From The Skinny Blog.

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Weekly Report

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For Week Ending August 6, 2016. Housing markets across the nation have mostly reached full recovery and are even approaching or achieving categorical highs in sales and prices, yet builders are still focusing on higher-end homes over starter homes in order to combat high land and building permit costs. Until there is more entry-level inventory on the market, sustainable balance will be difficult. In the Twin Cities region, for the week ending August 6:. New Listings increased 2.3% to 1,795. Homes are sel...

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April Monthly Skinny Video

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April Monthly Skinny Video. Where has the Twin Cities real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity. All information deemed reliable but not guaranteed and should be independently verified.

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– REALTOR

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For Week Ending June 18, 2016. Like summer temperatures, home prices continue to inch up in most housing categories and geographic submarkets. Meanwhile, hopeful buyers are wishing for more options to fulfill the perfect fit. As we reach deeper into summer, dips in home sales are not unexpected. Even while people search for homes in which to move or start a family, summer is also about family time in other ways. In the Twin Cities region, for the week ending June 18:. For the month of May:. Median Sales ...

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Weekly Market Report

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For Week Ending March 28, 2015. While there may be bubbly prices where bridges both Golden and Brooklyn adorn the last remaining postcards of a bygone era when people purchased postcard stamps, the bulk of the U.S. is in great shape this spring. Homeownership is a positive prospect in the face of rising rents in even the most affordable rental markets, while new home sales continue to bloom along with flowers and tree buds. In the Twin Cities region, for the week ending March 28:. From The Skinny Blog.

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Calculators

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Use this calculator to find the total of principal, interest, taxes and insurance. Use this calculator to view an amortization schedule for a mortgage. ARM vs FIXED vs Interest Only. Compare an Adjustable Rate Mortgage with a Fixed Rate Mortgage. ARM vs FIXED Rate Calculator. Should I Pay Points? See if paying points makes sense. The Home Downpayment Calculator displays the downpayment amount and the PI for different downpayment scenarios. Home Down Payment Calculator. Prepay Mortgage or Invest?

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March Pending Sales Soar by the Most Since 2011, Highest Since 2005

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March Pending Sales Soar by the Most Since 2011, Highest Since 2005. By Aubray Erhardt on Friday, April 10th, 2015. The role of foreclosures and short sales continued to diminish on both the list and buy sides. Traditional new listings comprised 92.2 percent of all seller activity, the highest level since October 2006. Traditional sales made up 84.9 percent of all closed sales, which is on-par with late-2007 levels. From The Skinny Blog.