Updates

Q&A with 2023 MNR President Emily Green What do you want to accomplish in your role as president? I hope to continue the work of uniting our members and promoting awareness of the many resources the state association has to offer. The knowledge and effectiveness of our organization is strengthened ...

When it comes to assessing real estate trends, two things are key: locality and longevity. In other words, when measuring the market to drive decisions, it’s best to focus on a specific locale and look at data spanning back more than just a year or two. This is especially crucial now, given the extraordinary ...

When I started my working life in the early 1980s, I had a job as a merchandise manager at JC Penney’s. Apart from learning about retail trends and the importance of dressing for success, I walked away with two big lessons: Staff can make or break an organization. Putting the right people in the right ...

Will the housing market crash?  This is the anxiety-inducing headline that seems to be flooding our news feeds lately. While severe words associated with the housing market, like ‘crash,’ ‘recession,’ and ‘downfall,’ may help websites reach their click rate quotas, most economists and housing experts ...

Inventory is up, but high interest rates continue to dampen activity MINNEAPOLIS (January 11, 2023) — In December, closed sales fell almost 39% across the state compared to a year ago, marking 12 straight months of declines. New listings were 17 % fewer than last year with 3,031 new properties ...

Winter erupted more than arrived in Minnesota this year, blowing in hazardous blizzards, heaps of snow, and a polar vortex to boot. Some of us may take this opportunity to call up our out-of-state friends or family and brag to them about how little we’re affected by the near-constant snowy onslaught ...

Alliance continues current member benefit of Transactions (TransactionDesk Edition) and adds new access to Transactions (zipForm Edition) DALLAS, TX and CAMBRIDGE, ON (December 19, 2022) —  In collaboration with Lone Wolf Technologies (“Lone Wolf”), Minnesota Realtors® has announced an extension ...

The housing market. What do those words bring to mind? Over the last three years in media coverage, the housing market has been followed by terms like hot , frantic , competitive , historic— and the list goes on.   Since 2020, we’ve seen unique housing market conditions. The combination ...

Higher interest rates create hesitancy in buyers and sellers MINNEAPOLIS (December 12, 2022) — The cooling trend in Minnesota’s housing market continued in November as closed sales fell 35.3% statewide compared to a year ago. New listings were down 17 % below last year with 4,735 properties ...

The hubbub of the holiday season is upon us. For many, the most wonderful time of the year is also the most chaotic; packed with gift giving, meal shopping, observing religious practices, and hosting or attending family gatherings. In all the festive frenzy, home safety may be the one thing on your list ...

Congratulations: you just started your own business. You’ve conquered the Minnesota state real estate licensing exam, joined a local association, become an MNR member, and are ready to dive into your exhilarating new career as a real estate agent and entrepreneur. These accomplishments are cause ...

When I started my term as president of MNR in January, there was one thing I knew going in. This association belongs to you, the members. As leaders, it’s our job to listen and learn from you, and work with you to tackle the challenges, seize the opportunities, and set a brighter, bolder course for the ...

For many Minnesotans, the Thanksgiving holiday is a special time centered around family, fellowship, and of course, great food. While roasted turkey is typically the centerpiece of our Thanksgiving dinners, there are a wide variety of alternative main courses, sumptuous side dishes, and delectable sweets ...

What’s your edge as a Realtor®? Perhaps it’s your deal-closing tenacity, your unflappable self-confidence, your knowledge of the housing market, or your charismatic people skills. While these are all good qualities and necessary competencies for real estate professionals, you can bet that most other ...

Every Realtor ® is a small business owner. You manage your time, schedule, workload, and client base. It’s a feature that draws many entrepreneurially-minded folks to the industry. But it comes with an array of challenges—one of which is business planning. At the end of the day, your profit margin ...

Realtors® who invest in their careers by earning designations are primed for success   At first glance, professional Realtor® designations resemble alphabet soup. ABR, CRB, CRS, GRI, RFC, SRES—what’s it all mean? And why should you care? Take a closer look and you’ll see that all those initials ...

Buyers gain bargaining power as homes sit on market longer   MINNEAPOLIS (November 10, 2022) — As the selling season slowed in October, closed sales slipped almost 31% compared to a year ago. New listings also decreased, falling 19% below last year with 6,883 properties coming on the market. ...

How Minnesota's Native Americans are working to reclaim their culture, lands, and heritage.  Minnesota has a pristine newness about it. From the modern skylines of the Twin Cities to freshly built suburbs with trim lawns and glimmering shopping malls, it might have been prefabricated and set down whole ...

Tuesday, November 8 th , 2022, is Election Day. Polling places are usually open from 7:00 am–8:00 pm.   On your ballot this year, you will find races for U.S. Representative, State Constitutional Offices (Governor/Lt. Governor, Secretary of State, Attorney General, and State Auditor), State Senator, ...

The uncomfortable state of not knowing what’s coming has long loomed over human decisions, from our early cave-dwelling ancestors to chatroom-dwelling young people. Science tells us that unknowns surrounding significant investments—among them, buying and selling property—often trigger mental ...