In the micro, the Twin Cities housing market has been softening since the end of June in a predictable, seasonal cycle.
Click here to view the live data.
Click here to view the live data.
In the macro, we remain in the midst of one of the longest-lasting and most aggressive bull markets for housing, in U.S. history.
All bull market cycles eventually come to an end, but with inventory levels continuing to fall, the fed funds rate still artificially suppressed (1.16% as of today), and with Fannie and Freddie still loaded up with excess capital from QE, there is no evidence to suggest that this boom will be ending anytime in the near future. If the bullish macro trend continues, the stage is set for new record housing prices next spring.
If you have considered putting your home on the market, I invite you to check out our free home value report, which will give you an estimated range of what your home could sell for in today's market.
If you have entertained the idea of purchasing property, now is a great time to start monitoring the market through our accurate and up to date MLS site. Click here to set up your property search, today!
To schedule a free consultation, call us today at (952) 222-7653.
All bull market cycles eventually come to an end, but with inventory levels continuing to fall, the fed funds rate still artificially suppressed (1.16% as of today), and with Fannie and Freddie still loaded up with excess capital from QE, there is no evidence to suggest that this boom will be ending anytime in the near future. If the bullish macro trend continues, the stage is set for new record housing prices next spring.
If you have considered putting your home on the market, I invite you to check out our free home value report, which will give you an estimated range of what your home could sell for in today's market.
If you have entertained the idea of purchasing property, now is a great time to start monitoring the market through our accurate and up to date MLS site. Click here to set up your property search, today!
To schedule a free consultation, call us today at (952) 222-7653.
