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November 13, 2020 By: Michael Hyman At the national level, housing affordability declined in September 2020 compared to a year ago but rose compared to August, according to NAR’s Housing Affordability Index. Affordability increased in September compared to August as the median family income rose by 2.3% while the median home prices rose by 15.2%. The […]

The statistics are in. Home sales for the Minneapolis/St Paul metro area through October 2020. This includes all price ranges, all areas, all types of sales. The average price is now $300,000.00 Click here to see the graphs.  Home sales for October was one of the best on record.

In today’s fast-paced housing market with seemingly increasing prices, a seller might think, higher price, greater profit, right? But here’s the thing – a high price tag does not mean you’re going to cash in big on the sale. It’s actually more likely to deter buyers and have them looking at the houses your neighbors are […]

They want the right location with lots of space—and are willing to pay for it “the perfect house.” For Millennials—the largest demographic in today’s market—the budget-busting impulse was even greater. 76% of those in the 24 to 39 age range said they would exceed their allotted resources for a new home. And what is the […]

During the height of the pandemic, a lot of the lumber mills shut down. While Menards stayed pretty well stocked, the price of lumber shot up. The National Association of Home Builders reports that the price of lumber increased by 80 percent since mid-April. DIYers Face Lumber Price Hike for Home Projects