Monday, March 2nd, 2015
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Posted in Listings and Pendings |
Monday, March 2nd, 2015
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Posted in Inventory |
Monday, March 2nd, 2015

For Week Ending February 21, 2015

Rumors that Fannie Mae and Freddie Mac could one day be a thing of the past have people wondering about the future of the 30-year fixed-rate mortgage. But let’s not sound the alarm just yet. A drastic change to lending’s gold standard is certainly not on the immediate horizon. Meanwhile, Federal Reserve Chair Janet Yellen seems to have no immediate interest in raising interest rates for the first time since 2006. The economy remains stable for the time being, which should keep housing rolling through the short-named months.

In the Twin Cities region, for the week ending February 21:

  • New Listings increased 29.8% to 1,365
  • Pending Sales increased 36.4% to 981
  • Inventory decreased 3.0% to 12,570

For the month of January:

  • Median Sales Price increased 8.5% to $195,000
  • Days on Market increased 7.5% to 100
  • Percent of Original List Price Received increased 0.2% to 93.7%
  • Months Supply of Inventory increased 3.4% to 3.0

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

Posted in Weekly Report |
Thursday, February 26th, 2015
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Freddie Mac’s Feb. 26 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates moving higher amid solid housing data on new home sales and house price appreciation. Regardless, fixed-rate mortgages rates still remain near their late May, 2013 lows.

Posted in Interest Rates |
Thursday, February 26th, 2015

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.

Posted in Monthly Skinny Video |