Monday, August 10th, 2015

For Week Ending August 1, 2015

According to a recent study, housing starts are expected to be slightly over a million for the U.S. in 2015, with more than half of those being single-family homes. New home sales are expected to increase by at least 20 percent compared to last year. An increase in housing starts hints at a state of homeostasis for the residential real estate market. More homes means more choices for buyers, from first-timers to upgraders.

In the Twin Cities region, for the week ending August 1:

  • New Listings decreased 8.1% to 1,665
  • Pending Sales increased 14.3% to 1,341
  • Inventory decreased 10.1% to 17,183

For the month of July:

  • Median Sales Price increased 4.7% to $225,000
  • Days on Market decreased 7.4% to 63
  • Percent of Original List Price Received increased 0.8% to 97.6%
  • Months Supply of Inventory decreased 19.6% to 3.7

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

Posted in Weekly Report |
Thursday, August 6th, 2015
By David Arbit on Wednesday, August 5th, 2015

Though not quite as often as the most expensive areas, we are also occasionally asked which cities are the most affordable (least expensive). Below are tables showing the 25 lowest priced markets in the region. The top two tables rank all areas, regardless of market size. The bottom two tables only show areas with a certain volume of sales. The left table uses only June 2015 sales, while the table to the right uses 2015 YTD data (through June). The measure used is still median sales price.

Even more data to the people!

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From The Skinny Blog.

Posted in The Skinny |
Monday, August 3rd, 2015

For Week Ending July 25, 2015

According to the U.S. Census, homeownership is at 63.4 percent for the second quarter of 2015, down 1.3 percent from the second quarter of 2014. This is the lowest rate of homeownership since 1967. To put that in greater context, homeownership peaked at 69.2 percent in 2004, and the 50-year average is 65.3 percent. Although the data may be indicating otherwise on a macro level, mortgage applications have kept REALTORS® busy through summer.

In the Twin Cities region, for the week ending July 25:

  • New Listings increased 1.2% to 1,804
  • Pending Sales increased 21.3% to 1,362
  • Inventory decreased 9.8% to 17,125

For the month of June:

  • Median Sales Price increased 4.7% to $229,900
  • Days on Market decreased 5.7% to 66
  • Percent of Original List Price Received increased 0.5% to 97.7%
  • Months Supply of Inventory decreased 15.9% to 3.7

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

Posted in Weekly Report |
Saturday, September 27th, 2014
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A few must-do garden chores for the fall gardenBy Rhonda Hayes
Are you the tidy type or more laid back about fall garden cleanup? Either way, there are a few things you really should do.

How long is your fall garden to-do list? It probably depends on your gardening style, the weather and how you deal with peer pressure.

The more naturalistic the setting, the more you can probably let it slide. Benjamin Vogt, garden writer and prairie-plant evangelist, recently shared his cleanup routine on Twitter: “Just prepped my garden for winter by glancing out the window and sighing. Seriously, why do people do fall cleanup? Nature doesn’t.”

More manicured and groomed gardens, however, demand serious end-of-season intervention.

My garden and I fall somewhere in the middle of these maintenance manifestos. I don’t do much, but I do a little. In the end, snow covers a multitude of sins.

That said, I do have a few fall must-dos:



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Thursday, September 25th, 2014
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By Money magazine

In a country so full of great, unique places, choosing the best is no easy task. This year, Money set out to find the nation's top small cities with populations between 50,000 and 300,000. Starting with a pool of 781 cities, we used data from Onboard Informatics and other sources to comb through everything from the local economy and housing market to schools and health care — more than 50 factors in all. Then, we sent reporters to visit the 35 top scoring places, looking for a sense of community and other intangibles you'll never find in a spreadsheet. 

We found many places to love, but in the end, only one can take the top spot.

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