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MINNEAPOLIS ( August 1 5 , 202 3 ) — As the Minnesota selling season cooled, competition for homes remained warm in some areas of the state . In July, closed sales fell statewide by 19% over the same period last year, with 6, 487 transactions . New...
In this episode of the Minnesota Homeownership Center's Welcome Home podcast, MNR Senior Vice President of Governmental Affairs Paul Eger joined representatives from the Center, Twin Cities Habitat for Humanity and Minnesota Realtors® to discuss the 2023 state legislative session, and the $100...
Total number of homes for sale increases during slow start to sales season MINNEAPOLIS ( May 17 , 2023) — Although the weather was warming, sales activity across the state iced over as closed sales dropped almost 31% compared to April 2022. Other key market...
MINNEAPOLIS (May 17, 2023) During the week of May 8, the Minnesota House and Senate passed the “First-Generation Homebuyers Down Payment Assistance Fund” program, which was included in the final version of the omnibus housing finance bill (HF 2335). On Monday, May 15, Governor Walz signed HF...
MNR projects healthy spring sales season MINNEAPOLIS (April 11, 2023) —As spring began in Minnesota , the housing market was still locked in winter slumber. Closed sales across the state were down more than 20% over March 2022 while new listings declined nearly 25%. Due to slower...
Buyers take advantage of increased negotiating power MINNEAPOLIS (March 10, 2023) — With closed sales down more than 22% compared to February 2022 , higher interest rates continued making homebuyers wary. Following an encouraging descent to just over 6% in...
Mortgages look more attractive, but buyers remain wary MINNEAPOLIS ( February 10 , 202 3 ) — The housing market continued to normalize as closed sales for January declined 33% compared to the cooling, though still robust market of a year ago. New...
Chris Galler, Minnesota Realtors CEO for the past 15 years, is retiring. “I’ve had one goal from day one: to leave the organization in better condition than I found it,” Galler says. During his tenure, Galler led many initiatives including: Creating a Risk Management...
MINNEAPOLIS (Jan. 31, 2023) — Minnesota Realtors® announces that Josh McFall, CAE, RCE will take over as CEO on March 1, as longtime leader Chris Galler retires. McFall comes from Huntsville, AL, where he served as CEO of the Huntsville Area Association of Realtors and ValleyMLS.com since...