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Why are mortgage rates rising?

• Nick Leyendecker
• 11/19/24

With the Federal Reserve cutting rates, shouldn't mortgage rates be coming down?

Twin Cities Housing Market Insight for October of 2024

• Nick Leyendecker and Tony Leyendecker
• 10/29/24

Twin Cities housing market insight and analysis for October of 2024

Twin Cities Housing Market: 2018 - December

• Nick Leyendecker
• 11/17/23

In December, the nationwide home builder confidence index fell another 6% to a 3 ½ year low of 56.

Twin Cities’ Home Prices Are Back in a Seasonal Rise but Are Down YOY for First Time Since 2011

• Nick Leyendecker
• 05/15/23

What is different this year, is that for the first time since 2011, home prices were down YOY in April.

Despite Higher Mortgage Rates and Declining Sales Volume, Twin Cities' Home Prices Held Bullish Trend Through the Winter

• Nick Leyendecker
• 03/26/23

With inventory levels back down near record lows, the stage is set for another spring rise in Twin Cities' home prices.

Pending Home Sales in the Twin Cities Just Fell to Their Lowest Level Since December of 2007

• Nick Leyendecker
• 01/22/23

Dramatic rises in mortgage rates have caused demand to collapse to its lowest level.

30-year Mortgage Rates in the US Just Hit 7% for the First Time Since 2002

• Nick Leyendecker
• 10/29/22

Mortgage rates have now clearly broken out of a 41-year declining trend that began back in 1981.

Demand Suffered Its Largest July Collapse Since 2006, but Twin Cities' Home Supply Remains Low

• Nick Leyendecker
• 08/15/22

After a raging hot spring market, the median home price in the Twin Cities fell 1.3% in July to $375,000.

The Twin Cities' median home price hit a record high in June, likely the peak for 2022

• Nick Leyendecker
• 07/24/22

Price having reached a new, all-time high in June, inventory began to catch up with decelerating demand.

Mortgage Rates Hit 11-year High, Twin Cities' Home Prices Continue Seasonal Rise

• Nick Leyendecker
• 04/26/22

 6,527 new homes, condos, and townhouses hit the Twin Cities market in March.

The Spring Market Begins With the Lowest Inventory Ever, Mortgage Rates Continue to Rise

• Nick Leyendecker
• 03/16/22

Pending home sales in Twin Cities moved up 22% MOM in February as the spring market kicked into gear.

Will Rising Mortgage Rates Take a Bite Out of Twin Cities' Home Price Inflation in 2022?

• Nick Leyendecker
• 02/8/22

Home inventory fell 6% in January and down 20% YOY to yet another record low of 4,033 units.

Home Inventory in the Twin Cities Collapsed 32% to a New All-time Low in December

• Nick Leyendecker
• 01/5/22

Mortgage rates moved up 2.5% in December to 3.11% for the average 30-year-fixed in the US.

Home Inventory Fell 22% in November as the Market Continues Its Winter Consolidation

• Nick Leyendecker
• 12/20/21

Home inventory fell 22% in Nov. to about 6.2k units which is typical of the winter market contraction.

Market Cycle Normalizing, Mortgage Rates Ticking Up, Lumber Prices Re-inflating

• Nick Leyendecker
• 11/22/21

2021's Epic Rate of Inflation for Twin Cities' Home Prices Shows Signs of Seasonal Cooling

• Nick Leyendecker
• 09/2/21

As of August 30th, the median home price in the Twin Cities sits at a new record high of $350k.

Twin Cities' Home Prices Are Set to Explode During the Spring and Summer of 2021

• Nick Leyendecker
• 02/18/21

Over the past three months, the NAHB housing market index has fallen marginally from 90 to 84.

Home Inventory in the Twin Cities Has Just Fallen to a New Historical Low, Mortgage Rates Fall Further

• Nick Leyendecker
• 12/28/20

Mortgage rates have been steadily declining since November of 2018 and fell 50% over that time.

The Seasonal Slowdown Has Finally Begun, but It is Different This Year, as the Pandemic Continues to Cause Distortions in the Housing Market

• Nick Leyendecker
• 11/23/20

The median home price moved up to $315k for closings in October after a dip to $310k in September.

Real Trends 2020: Nick Leyendecker Ranked Among the Top 50 Residential Agents in MN

• Nick Leyendecker
• 11/9/20

As he has in the past, Nick substantially outperformed the overall real estate industry.

Homebuilder Confidence Hit a Record High in September as Rates Hit Record Lows and City Dwellers Moved Further Out Due to the Pandemic

• Nick Leyendecker
• 09/28/20

The share of borrowers with a single missed payment had already fallen below pre-pandemic levels.

The Median Home Price Hit a New Record High in July, Mortgage Delinquency Issues Remain

• Nick Leyendecker
• 08/31/20

The COVID-19 lockdown’s effect on new listings began to ease in July as 7,988 new listings hit the market.

Winter is Coming, Get Green Photography

• Nick Leyendecker
• 07/28/20

In the Twin Cities, demand for single-family homes begins the seasonal rise after January 1st.

The Spring Market Picked Up in June Where It Had Begun, Prior to the Covid-19 Related Pause

• Nick Leyendecker
• 07/27/20

As of July 5th, 8.18% of all mortgages in the U.S. remain in a state of forbearance.

Nick Leyendecker Earns International Recognition for Performance in Luxury Real Estate

• Nick Leyendecker
• 07/14/20

Affluent buyers and sellers from around the world look for this symbol of luxury home knowledge and expertise.

Home Prices Moved Up in April as Covid-19 Impacted Inventory More Than Demand, Record Mortgage Forbearance in the US

• Nick Leyendecker
• 06/10/20

This is where we see COVID-19 showing up in the data. 5,992 residential properties were listed in April.

Home Builder Confidence Collapsed in April, Covid-19's Impact Eased, Prices Continued to Rise in March

• Nick Leyendecker
• 04/30/20

The number of new listings increased by 36% in March with 7,304 new homes and condo listings.

The Median Home Price Exploded to the Upside in February, Covid-19 Hit US Economy

• Nick Leyendecker
• 03/31/20

New listings increased in February as 5,328 homes and condos hit the Twin Cities market.

COVID-19 and Twin Cities Housing

• Nick Leyendecker
• 03/29/20

We will continue to monitor market conditions as the situation evolves and update this accordingly.

Inventory fell to a new record low in January setting the stage for a strong rise in home prices this spring

• Nick Leyendecker
• 02/24/20

Closed sales fell dramatically in January with only 2,878 residential sales having closed.

Home Inventory Fell to a New Record Low in December as the Seasonal Inventory Consolidation Continued

• Nick Leyendecker
• 01/14/20

The Twin Cities’ median home price fell slightly for closed sales in December at $278,600.

Home and Condo Sales Volume Continued to Slow but Inventory Also Took a Sharp, 16% Dive in November

• Nick Leyendecker
• 12/30/19

The Twin Cities’ median home price remained flat as expected for closed sales in Nov. at $280,000.

The Median Home Price Remained Flat in October as the Market Set Up for the Low Volume of Winter Season

• Nick Leyendecker
• 11/24/19

Our home and condo inventory level in the Twin Cities fell 9% in October to 11,682 units.

The Median Home Price Fell 3% in September as the Seasonal Market Deceleration Continued

• Nick Leyendecker
• 10/30/19

The home and condo inventory level in the Twin Cities remained flat in September at 12,620 units.

The Seasonal Market Deceleration Continued in August but the Median Home Price Managed a 1% Gain

• Nick Leyendecker
• 09/26/19

The median home price in the Twin Cities moved up 1% in August to $286,000.

The Median Home Price in the Twin Cities Fell in July for the First Time Since December 2018

• Nick Leyendecker
• 08/25/19

The home and condo inventory level in the Twin Cities fell 3% in July to 12,189 units.

The Median Home Price Set a New Record High of $290k in June, Likely the Peak for 2019

• Nick Leyendecker
• 07/28/19

June’s prices will likely turn out to have been the pinnacle for the seasonal cycle in 2019.

REAL Trends 2019: Nick Leyendecker ranked among the top 50 residential agents in MN

• Nick Leyendecker
• 07/8/19

I am obviously pleased and honored to be ranked on this ranking of the country’s top residential.

The Median Home Price Continued to Gain in May but New Listings Hit a 9-year High

• Nick Leyendecker
• 06/26/19

6,654 homes & condos came under contract in May which is up 15% month over month but flat, yoy.

The Median Home Price in the Twin Cities, Again, Set a New Record High in April

• Nick Leyendecker
• 05/28/19

Last year, inventory kept rising through September before it leveled off in October.

The Median Home Price in the Twin Cities Set a New Record High in March

• Nick Leyendecker
• 04/28/19

All bull markets run their course and this one is bound to come to an end someday.

The Robust Spring Housing Market Has Arrived in the Greater Twin Cities

• Nick Leyendecker
• 03/26/19

Closed sales in the Twin Cities climbed 4% in February with 2,815 residential closings.

The Twin Cities Housing Market Continues to Slow, Mortgage Rates Fall to a 9-month Low

• Nick Leyendecker
• 01/28/19

In January, the home builder confidence index received a small boost of 3.5% from 56 to 58.

The Nick Leyendecker Team of Coldwell Banker becomes Leyendecker Realty

• Nick Leyendecker
• 12/31/18

Nick Leyendecker Team of CB Burnet has evolved to Leyendecker Realty, a full-service residential brokerage.

Leyendecker Realty Volunteers at Suite Living Memory Care & Assisted Living

• Nick Leyendecker
• 11/29/18

A big thanks to friend, Audrey McElwain at Suite Living for helping to organize the event.

Twin Cities Housing Market: 2018 - November

• Nick Leyendecker
• 11/25/18

As expected, new listings were down another 12% in October with 6,012 listings hitting the market.

Twin Cities Housing Market: 2018 - October

• Nick Leyendecker
• 10/28/18

The home inventory level continued to climb in Sep. as we ended the month with 12k+ active listings.

Twin Cities Housing Market: 2018 - September

• Nick Leyendecker
• 09/24/18

The median home price in August was $268,000. That is unchanged month over month.

Twin Cities Housing Market: 2018 - August

• Nick Leyendecker
• 08/27/18

The home inventory level in the Twin Cities fell slightly in July and remains historically low.

Nick and Sage Leyendecker attend 'Controlled Danger' in Montreal

• Press & Media Team
• 07/30/18

Controlled Danger is a variety show of music and comedy put on by John Mayer and Dave Chappelle

Twin Cities Housing Market: 2018 - July

• Nick Leyendecker
• 07/22/18

The median home price is still up 5% year over year and up 29% from 5 years ago.

REAL Trends 2018: Nick Leyendecker ranked among the top 50 residential agents in MN

• Nick Leyendecker
• 07/14/18

The average residential real estate agent in the United States closed 8.6 transactions in 2016.

Twin Cities Housing Market: 2018 - June

• Nick Leyendecker
• 06/25/18

New listings made a big move in May with 9,161 new listings hitting the Twin Cities market.

Twin Cities Housing Market: 2018 - May

• Nick Leyendecker
• 05/23/18

In the lower and median brackets, inventory is constricted and prices are on the rise.

Twin Cities Housing Market: 2018 - April

• Nick Leyendecker
• 04/17/18

The number of homes for sale typically rises in March to meet the seasonal increase in demand.

Nick Leyendecker ranked among the top 50 Coldwell Banker Burnet agents in 2017

• Nick Leyendecker
• 03/31/18

He sold 63 residential properties representing a total sales volume of $19 million.

Twin Cities Housing Market: 2018 - March

• Nick Leyendecker
• 03/20/18

The slight increase in the home inventory was mainly powered by the seasonal increase in new listings.

Twin Cities Housing Market: 2018 - February

• Nick Leyendecker
• 02/27/18

New listings were significantly up from Dec. with 4k+ homes in the market in Jan. as expected.

Twin Cities Housing Market: 2018 - January

• Nick Leyendecker
• 01/24/18

The stage appears to be set for another move-up in prices for most Twin Cities housing segments.

Twin Cities Housing Market: 2017 - December

• Nick Leyendecker
• 12/11/17

With inventory still falling, expect that we’ll set an even lower record for inventory in December.

Twin Cities Housing Market: 2017 - November

• Nick Leyendecker
• 11/13/17

If the bullish macro trend continues, the stage is set for new record housing prices next spring.

REAL Trends 2017: Nick Leyendecker ranked among the top 50 residential agents in MN

• Nick Leyendecker
• 07/14/17

To qualify for inclusion, an individual agent must have closed at least 50 transaction sides.

Nick Leyendecker ranked among the top 50 Coldwell Banker Burnet agents in 2016

• Nick Leyendecker
• 03/31/17

He sold 80 residential properties representing a total sales volume of more than $22 million.

5 Ways to Protect Your Home Equity

• Nick Leyendecker
• 03/4/17

Maintaining equity in your home will enable you to move when you need to regardless of market conditions.

Why Are Home Prices Rising So Fast?

• Nick Leyendecker
• 03/1/17

Will the Federal Reserve be able to allow interest rates to return to a normal level?

Twin Cities' Home Prices: Record Highs

• Nick Leyendecker
• 02/28/17

One of the longest-lasting and most aggressive rises in home prices in U.S. history.

Trees for Toys - 2016

• Nick Leyendecker
• 10/19/16

Get a Christmas tree, skip the line at the mall to get your family photos with Santa.

Leyendecker Realty Sponsors Casting 4 Cures Event to Benefit St. Jude's

• Nick Leyendecker
• 04/24/16

No child is denied treatment based on race, religion, or a family's ability to pay.

Nick Leyendecker ranked among the top 50 Coldwell Banker Burnet agents in 2015

• Nick Leyendecker
• 03/31/16

As he has in the past, Nick again substantially outperformed the overall real estate industry.

Twin Cities' Home Prices: 10 Year High

• Nick Leyendecker
• 03/7/16

Did the U.S. economy return to a state of balance and launch into a true recovery in 2011?

The Re-Inflation of the U.S. Housing Bubble and the Unintended Consequences of Monetary Stimulus

• Nick Leyendecker
• 01/24/16

Is this a new economic bubble built on artificially low-interest rates and monetary stimulus?

Leyendecker Realty Sponsors American Heroes Golf Classic

• Nick Leyendecker
• 08/16/15

The Bryan McDonough Military Heroes Foundation is a nonprofit org. supporting MN servicemen & women.

Nick Leyendecker Joins The Ron Paul Institute For Peace and Prosperity

• Press & Media Team
• 11/14/14

Nick and Sage Leyendecker have long admired Dr. Paul's work and are happy to support this cause.

Leyendecker Realty Sponsors American Heroes Golf Classic

• Nick Leyendecker
• 08/10/14

Bryan McDonough Military Heroes Foundation is a nonprofit org. supporting MN servicemen & women.

Leyendecker Realty Sponsors Reach For Ralph Event to Benefit Hammer Residences

• Nick Leyendecker
• 07/29/14

We would like to thank Jim Bebo with ACI Asphalt for introducing us to this event & great organization.

Leyendecker Realty Sponsors Special Olympics Minnesota Golf Fundraiser

• Nick Leyendecker
• 06/8/14

Special Olympics MN offers children & adults with intellectual disabilities sports training.

Leyendecker Realty Sponsors Crash the Ball Event to Benefit the Minnesota Orchestra

• Nick Leyendecker
• 06/30/12

The Ball was co-chaired by our friend, Emily Clausman who helped organize a wonderful event.