
Days On The Market By Price Range

"We never promise more than we can deliver but we deliver more than we can promise"
Twin Cities Real Estate
October 10, 2019
Despite the economic slowdown due to weakening manufacturing and corporate investment, the consumer side of the economy remains on solid ground. The fifty-year low in the unemployment rate combined with low mortgage rates has led to increased homebuyer demand this year. Much of this strength is coming from entry-level buyers – the first-time homebuyer share of the loans Freddie Mac purchased in 2019 is forty-six percent, a two-decade high.
Information provided by Freddie Mac.
by Jim Callahan
“There’s a lot of interest in the housing market and how a changing economy affects one’s position within it.”
by Jim Callahan
Home price growth has slowed and now more closely matches income and wage growth – a healthy development.
by Jim Callahan
Despite strong buyer demand, sales totals are lower due to a lack of affordable supply
by Jim Callahan
Despite strong buyer demand, sales totals are lower due to a lack of affordable supply