January 2023 The US housing market began the year in a state of rebalance, with many buyers andsellers remaining cautious while they wait to see where the market is headed. Nationally,pending sales rose 2.5% month-to-month, marking the first increase since May, whilesales of existing homes fell 1.5% as of last measure, according to the NationalAssociation […]
What you don't know can cost you time and money when it comes to selling your house. The best source of information is your real estate agent, and we've put together a growing list of helpful resources about the home selling process. When you're ready, call The Exceptional Home Team at 612-250-2335 to discuss how we can help sell your house.
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Monthly Market Stats For November
November 2022 Housing affordability continues to be a major roadblock for market participants, withmortgage rates more than double compared to this time last year. Buyers are delayinghome purchases in hopes rates will drop, while many sellers are holding off on listingtheir homes due to weakening buyer demand, unwilling to trade in their current lowerrates for […]
Monthly Market Stats For October
October 2022 Existing home sales declined nationwide for the eighth consecutive month, falling 1.5%as of last measure, according to the National Association of REALTORS® (NAR), withsales down nearly 24% from the same period last year. Pending home sales alsodeclined, dropping 10.9% month-to-month, exceeding economists’ expectations.Stubbornly high inflation and soaring borrowing costs have eroded buyer purchasingpower […]
Monthly Market Stats For December
December 2020 December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market. New Listings in the […]
The Pros & Cons Of Selling A House In The Winter
What Is Real Estate Seasonality & How Can It Impact The Sale Of Your Home? Real estate seasonality is a series of trends in home buying/selling behaviors that repeat year after year. Namely, buyers are most active and motivated during the summer months and least interested in making a purchase over the winter. As a […]
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