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Tight market pushes home prices to new record high in Twin CitiesApril 16, 2021 Tags: Market Data Inventory Hits An 18-Year Low With Buyers Competing For Fewer Listings (April 16, 2021) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, the median price of a home in the 16-county […]

You’ve heard about it, you’ve probably read about it, you’ve probably watched about it on the nightly news. Home prices are skyrocketing and sellers are receiving unbelievable offers, $20,000, $30,000 and more over the listing price. Why is this happening? Home sales edged down 6.6% in February compared with the previous month because there just […]

The industry has been eagerly awaiting further details about President Joe Biden’s proposed first-time homebuyer tax credit—which originally featured a max of $15,000 per buyer toward their down payment on a home. The House Financial Services Committee recently released the latest draft of the proposal, called the “Downpayment Toward Equity Act of 2021.” The first note of […]

Many Americans are ready and eager to buy a home right now. But they are having trouble finding one. Home sales edged down 6.6% in February compared with the previous month because there just are not enough houses out there for people to buy. That lack of supply is also driving up prices as bidding […]

Status is reachable Lawrence Yun• 1stChief Economist at National Association of REALTORS®2d • 2 days  With home prices surging in 2020 and continuing in 2021, the wealth gap between homeowners and renters are widening further. The data is the median wealth (a typical owner versus renter). The gap would be much wider in cities where home […]