Updates

  • Bright shutters, warm brick, and other eye-pleasing elements can come with a hefty prcie tag. But they’re not the only items driving up the cost of construction. Taking a drive through any new housing development in Minnesota can feel a bit like visiting the set of The Truman Show . ...

  • Blog Entry

    Year off to promising start with gains in listings and sales New listings up 17 . 9 % ; pending sales rose 7 . 7% Closed sales up 7.9% , marking first YOY increase since June 2021 The median sales price increased 3 . 0 % to $3 15 , 0 0 0 ...

  • Housing policy reform among the issues on the table For the advocacy and lobbying community, it feels like the frenetic 2023 Session just concluded. Nonetheless , today (Monday, February 12) marks the start of the 2024 Legislative Session in Minnesota. Throughout a utumn 2023, the Minnesota ...

  • Minnesota’s real estate leaders are learning from the past, and building a solid foundation for African American prosperity In observance of Black History Month, The Minnesota Realtor ® met with four Black leaders in the Minnesota real estate industry. Ranging from first-year Realtors ...

  • As the year winds down, the housing market tends to follow suit . When Q4 began in October, the real estate market had slowed more than usual due to rising mortgage interest rates—they were near 8% in mid-October and averaged 7.6% for the month. Closed sales were down in ...

  • Blog Entry

    In 2023, h igh er interest rates continued to weigh on market activit y , yet prices are s till up 2 3 -year high mortgage rates and rising prices increased monthly housing costs and slowed buyer activity Minneapolis –Saint Paul , Minnesota ( ...

  • Laurie Ganz has been named Minnesota Realtors® (MNR) Senior Director of Professional Development and Broker Outreach . Laurie was hired by MNR in 2019 to be the Director of Professional Development . She has been in the Realtor ® Association industry since ...

  • MINNEAPOLIS , Jan . 16, 2023 — The 2023 housing market closed the year on a high note , as mortgage rates dropped below 7% in late December and new listings rose by 12 % , the third consecutive month of in cre a ses . As of this week, 30-year fixed rates are ...

  • Winter’s late arrival may have deprived Minnesota of a snowy holiday season this year, but it also kept our walkways, driveways , and highwa ys clear longer . As snow and frigid air finally descend upon the North Star State in the coming weeks, you and your ...

  • Blog Entry

    Who wants to build a sustainable business in 2024? How about a business that’s on point with your brand and makes you truly proud? You can and you should. To be successful as a Realtor ® , creating an annual business plan will help you set, track, and achieve your goals. ...

  • ( Dec . 1 5 , 202 3 ) – According to new data from Minnesota Realtors ®, sales activity began to flatten in November while listings increased . H ome prices rose as homes sold slightly faster . Market Activity In November ...

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    ‘ Tis the season to spread peace, joy, and holiday traditions. Sharing meals, rituals, and observances with close family and friends is what makes the season so special. No matter which holiday you celebrate this time of year, traditions are an important way of honoring one’s cultural heritage ...

  • Do We Still Need Earnest Money?

    Blog Entry

    Once it was a way for buyers to show serious interest in purchasing a home. Now it’s often at the center of bitter disputes when transactions fall apart. Is earnest money worth the hassle? Earnest money has become a very confusing topic for buyers, sellers, and Realtors ® ...

  • Blog Entry

    The “birthplace of Minneapolis” has survived booms, busts, and surging growth as new generations discover the pleasures of human-scale urban living. But can Old Town survive success? In a city that prides itself on modernity, it’s rare to find vestiges of the past in Minneapolis. Yet on ...

  • 2023 Housing Leadership Summit

    Blog Entry

    Minnesota’s current housing market co ntinues to defy expectations — interest rat e s are rising, but so are prices . From the standpoint of current homeowners, favorable e quity gains and increased appreciation are welcome news . But it’s not so rosy for aspiring homeowner ...

  • Blog Entry

    Unifying MLS listing data and related property and customer data sets is driving real estate innovation. Are you ready to harness its potential? The real estate industry stands at the cusp of a transformative era. Factors like artificial intelligence, machine learning , and vast ...

  • Art or Science? Is a successful real estate agent more like an artist or a scientist? On the side of the artist, the agent must be adaptive and creative, with the ability to connect with people and to tell a compelling story. As for the scientist, the agent ought to know the math behind ...

  • Despite low inventory and rising mortgage interest rates, there are opportunities for Realtors® to grow and thrive As 2023 comes to a close , I am reminded of the unpredictable nature of our business and how we learn to prepare for surprises—both good and bad—by remaining open to opportunities ...

  • Blog Entry

    Stay cozy—and safe–this winter There’s nothing like cozying up to a c r ackling wood-burning fireplace , especially during Minnesota’s long, cold winters . An indoor fireplace is a feature many Minnesotans love about their home s . Not only do fires provide warmth and comfort , ...

  • Environmental sustainability, diversity and inclusion, and professional growth were key themes during two-day forum at Mystic Lake Event Center On September 20 – 21, Realtors ® from across the state c onvened at Mystic Lake Event Center in Prior Lake for U NITE!, ...