Market Insight

July 23, 2018

Twin Cities Housing Market: 2018 - July

Here is a link to the live data. You can track mortgage interest rates here.

Mortgage Rates: The bond and mortgage markets remained flat in June as the national average for a 30 year fixed, conventional mortgage began and ended the month at 4.55%.

Pending Sales: 6,300 homes ...

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Posted in Market Insight
June 26, 2018

Twin Cities Housing Market: 2018 - June

Here is a link to the live data. You can track mortgage interest rates here.

Mortgage Rates: The volatility in the bond and mortgage markets cooled off again in May as the national average for a 30 year fixed, conventional mortgage began the month and ended the month at 4 ...

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Posted in Market Insight
May 24, 2018

Twin Cities Housing Market: 2018 - May

Here is a link to the live data. You can track mortgage interest rates here.

Mortgage Rates: The volatility in the bond and mortgage markets returned in April as the national average for a 30 year fixed conventional mortgage rose from 4.4% to about 4.6%.

Homes for Sale ...

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Posted in Market Insight
April 18, 2018

Twin Cities Housing Market: 2018 - April

Here is a link to the live data. You can track mortgage interest rates here.

Mortgage Rates: The volatility in the bond and mortgage markets has cooled off for the time being ending March with the national average for mortgage rates at 4.45% for a 30 year, fixed, conventional ...

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Posted in Market Insight
March 21, 2018

Twin Cities Housing Market: 2018 - March

Here is a link to the live data. You can track mortgage interest rates here.

Mortgage rates continued to rise in February and currently sit around 4.5% for a 30-Year Fixed, Conventional mortgage. Historically, 4.5% is low but compared to the past 5 years it’s high and it’s ...

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Posted in Market Insight
Feb. 28, 2018

Twin Cities Housing Market: 2018 - February

Here is a link to the live data. You can track mortgage interest rates here.

2018 has begun with some extreme volatility in the bond market which has resulted in a 10% rise in mortgage rates year to date. Rising mortgage rates have a negative impact on home affordability or ...

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Posted in Market Insight
Jan. 25, 2018

Twin Cities Housing Market: 2018 - January

Single family home inventory in the Twin Cities fell again to a new low of 6,900 homes for sale, in December which means we are starting out 2018 with a record low inventory.

Here is a link to the live data.

I’ll start with pending sales. In the Twin ...

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Posted in Market Insight
Dec. 12, 2017

Twin Cities Housing Market: 2017 - December

Despite slow winter sales volume, inventory fell to a new low during November.

Here is a link to the live data.

The single family home market continued to move in a predictable direction in November in what appears to be the continuation of a 7 year, cyclical trend and I’ll ...

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Posted in Market Insight
Nov. 14, 2017

Twin Cities Housing Market: 2017 - November

In the micro, the Twin Cities housing market has been softening since the end of June in a predictable, seasonal cycle.

Click here to view the live, raw data.

In the macro, we remain in the midst of one of the longest lasting and most aggressive bull markets for housing ...

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Posted in Market Insight
March 2, 2017

Why Are Home Prices Rising So Fast?

February home sales activity resulted in the 59th consecutive, month over month gain for Twin Cities and U.S. home prices (when measured on a 1-year moving average), making this one of the longest lasting bull markets for housing in U.S. history.

Why are home prices rising so fast ...

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Posted in Market Insight