In the words of Mark Twain, “Facts are a stubborn thing, but statistics are pliable.” Throughout this year, as we’ve seen the real estate market cool down, there have been many shocking headlines on the state of the real estate market. It seems many of these headlines are used as clickbait to get people to […]

As home purchases are slowing down another real estate sector is heating up. Background: The monthly principal and interest portion of a house payment for a $300,000 home late in 2021 assuming a 3% interest rate and 5% down-payment would have been around $1,200/month. Today at a roughly 5% interest rate, that amount has gone […]

I hope your summer has been going well! Here is your July update on the real estate market. The talk of the real estate market slowing down from the fast-paced market of the last couple years has been going on since the beginning of the year. Now in the last month or two, we have […]

A Little History: Over the last few years, the Twin Cities area has seen a significant increase in real estate market values. In May of 2020, the median sales price in the Twin Cities was $285,000. In May of 2022, the median sales price was $350,000. This is a significant increase that was driven by […]