Market Insight

May 16, 2023

Twin Cities’ home prices are back in a seasonal rise but are down YOY for first time since 2011

By Nick Leyendecker, Co-Founder | Broker | Luxury Real Estate Advisor

(Data Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here. You can track showing volume here.)

The seasonal tailwinds almost always ...

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Posted in Market Insight
March 27, 2023

Despite higher mortgage rates and declining sales volume, Twin Cities' home prices held bullish trend through the winter

By Nick Leyendecker, Co-Founder | Broker | Luxury Real Estate Advisor

(Data Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here. You can track showing volume here.)

Despite the new interest rate ...

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Posted in Market Insight
Jan. 23, 2023

Pending home sales in the Twin Cities just fell to their lowest level since December of 2007

(Data Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here. You can track showing volume here.)

Pending home sales in the Twin Cities just fell to their lowest level since ...

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Posted in Market Insight
Oct. 30, 2022

30-year mortgage rates in the U.S. just hit 7% for the first time since 2002

(Data Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here. You can track showing volume here.)

The 30-year fixed mortgage rate in the U.S. has risen above 7% for ...

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Posted in Market Insight
Aug. 16, 2022

Demand suffered its largest July collapse since 2006, but Twin Cities' home supply remains low

(Data Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here. You can track showing volume here.)

Only 4,856 homes, townhouses, condos and lofts traded in the Twin Cities in ...

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Posted in Market Insight
July 25, 2022

The Twin Cities' median home price hit a record high in June, likely the peak for 2022

(Data Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here. You can track showing volume here.)

If you omit COVID-19 market dynamics (2020 & 2021), the market in the Twin ...

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Posted in Market Insight
April 27, 2022

Mortgage rates hit 11-year high, Twin Cities' home prices continue seasonal rise

(Data Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here.)

As the Federal Reserve has continued to ramp up tough talk on inflation and rate hikes, bond yields and mortgage ...

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Posted in Market Insight
March 17, 2022

The spring market begins with the lowest inventory ever, mortgage rates continue to rise

(Data Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here.)

The spring housing market of 2022 has kicked into gear in the Twin Cities with record low inventory as a ...

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Posted in Market Insight
Feb. 9, 2022

Will rising mortgage rates take a bite out of Twin Cities' home price inflation in 2022?

By Nick Leyendecker, Co-Founder | Broker | REALTOR®

(Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here.)

Mortgage rates moved up 15% in January to near a 2-year high, as the ...

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Posted in Market Insight
Jan. 6, 2022

Home inventory in the Twin Cities collapsed 32% to a new all-time low in December

By Nick Leyendecker, Co-Founder | Broker | REALTOR®

(Sources: You can track Twin Cities housing market trends here. You can track mortgage rates here. You can track home builder confidence here. You can track lumber prices here.)

Home inventory in the Twin Cities fell 32% in December to 4,287 units ...

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Posted in Market Insight