Twin Cities house prices near an all-time high as May sales climbed

The Twin Cities housing market remains unbalanced as housing prices move closer to an all-time high. The inventory shortage of homes for sales seems to be driving the increases, but low interest rates and continued job growth in the Twin Cities are also contributing.   The peak spring sales season may be coming to a close, but indications are that the Twin Cities home market will remain strong. Full Article-Buchta, J. (2016, June 15). Twin Cities house prices near an all-time high as May sales... Read more »

A new marker in the housing craze: Most Twin Cities sellers getting more than they ask

The unbalanced housing market in the Twin Cities where house hunters out number sellers has led to over half of the buyers in April paying more than the list price on homes. Demand for entry level homes has not slowed and there currently are not enough sellers to slow the trend. Full Article-Buchta, J. (2016, June 5). A new marker in the housing craze: Most Twin Cities sellers getting more than they ask. Minneapolis Star Tribune. Retrieved from www.startribune.com  Read more »

Homebuilding busts out in Twin Cities in May

May was one of the strongest months for Twin Cities homebuilders in at least a decade. A shortage of homes for sale on the market has forced many buyers to consider new construction.  There was also a shift in homebuilding activity from apartment construction to single family homes. Full Article-Buchta, J. (2016, June 1). Homebuilding busts out in Twin Cities in May. Minneapolis Star Tribune. Retrieved from www.startribune.com  Read more »