The average size of a newly built single family home in the U.S. just topped 2,600 square feet for the first time. Home sizes had decreased during the first few years after the housing bust, but big single family homes appear to have made a comeback. The trend has been good for cities with undeveloped land.
Full Article-Nelson, E. (2015, June 14). Living large at home again. Minneapolis Star Tribune.
Retrieved from www.startribune.com
Sales of homes in the Twin Cities outpaced listings in May. A 20% increase in pending home sales from last month is the most since 2005. Homes that are priced right and “move in ready” are selling fast. The conditions for home buyers are still excellent, but home sellers appear to have the upper hand in the market today.
Full Article-Buchta, J. (2015, June 11). Twin Cities home sales rose nearly 20% in May. Minneapolis Star Tribune.
Retrieved from www.startribune.com
The Twin Cities housing market enjoyed one of its best months in almost a decade. Median sales prices were up 10% from a year ago and 30 year mortgage rates are still under 4%. Home buyers are out in numbers this spring with demand outpacing the supply of homes for sale in many areas. The Twin Cities spring real estate market is definitely in full swing. If you are interested in buying or selling a home check out MyTwinCitiesRealty.com and contact Realtor Phil McDermott today!
Full Article-Buchta, J. (2015, May 12). Twin Cities home sales surge due to low rates, higher home prices. Minneapolis Star Tribune.
Retrieved from www.startribune.com
March home sales spring upward and set the stage for a strong spring market. March 2015 saw a 30% increase in purchase agreements signed over last March. Traditional home buyers are leading the way now, as we approach an eighth year of recovery in the Twin Cities area real estate market. Few barriers remain for this recovery to be complete. One that does remain is that 1 in 7 Twin Citie’s homeowners still owe more than their home is worth, which contributes to a tight supply in homes for sale. Interest rates averaging around 3.7 percent have moved many home buyers into the market.
Full Article-Buchta, J. (2015, April 11). Twin Cities home sales soar 30% in March, setting up strong spring. Minneapolis Star Tribune.
Missed tax deduction? Overlooked tax credit? Get what’s coming to you by amending your return. Read
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Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®
Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit. Read
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Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®
