April Market Update: Minneapolis-St. Paul Real Estate Trends

April Market Update: Minneapolis-St. Paul Real Estate Trends

April data from the excellent Minneapolis Area Association of Realtors is out. We take the raw data and present it a little differently than they do. New listings of homes for sale were down -23% vs 2021 in April (before rates started to climb). Meanwhile, building...
Minnesota is a Leader in Purchase Mortgage Applications

Minnesota is a Leader in Purchase Mortgage Applications

Recent data from FreddieMac’s April U.S. Economic, Housing, and Mortgage Market Outlook presents an intriguing narrative for the residential real estate market. The breakdown of mortgage application growth by state reveals an impressive 14.5% YoY increase in...