For Week Ending December 21, 2019 As we close out the last weeks of the year, both buyers and sellers turn their focus from the transacting of homes to preparations for celebrating the holidays with their family and friends. Renewed … Continue reading →
Prices increased in year-over-year comparisons, and this will likely remain the case for the rest of the year.
For Week Ending December 14, 2019 This week the Federal Reserve, in its final meeting of the year, voted to leave its key benchmark rate unchanged, which was widely expected. The Fed also suggested that rate changes are unlikely in … Continue reading →
December 18, 2019 The Twin Cities real estate market showed a mostly positive but slightly mixed bag of results for November. New listings were up 0.1 percent year-to-date but down slightly in November. Helping to offset that decline was a … Continue reading →
For Week Ending December 7, 2019 Both conforming Conventional loan and FHA loan limits are increasing starting January 1, 2020 in an effort to trend higher with increasing home prices. These new higher limits will expand the pool of buyers … Continue reading →
For Week Ending November 30, 2019 Americans across the country sat down to Thanksgiving with friends and family this week. Real estate activity took a backseat to the preparation of meals and the hosting of guests, where securing second helpings … Continue reading →
For Week Ending November 23, 2019 Residential new construction activity continues to rise nationally. The U.S. Commerce Department reports that new housing permits rose 5% in October to a new 12-year high of 1.46 million units. Lawrence Yun, the National … Continue reading →
For Week Ending November 16, 2019 In the Federal Housing Administration’s 2019 Annual Report to Congress, the FHA announced their Mutual Mortgage Insurance Fund Capital Ratio stood at 4.84%, up from 2.76% last year and well above the 2% minimum … Continue reading →
Fannie Mae is predicting that continued low rates and possibly lower rates are expected in 2020.
November 19, 2019 The Twin Cities real estate market started the fourth quarter of 2019 on a strong note with buyer and seller activity rising in October compared to 2018. Buoyed by historically low interest rates, the number of new … Continue reading →