Article Takeaways Full cash offers for homes now comprise 36% of transactions nationwide Remote workers are moving to more distant suburbs for affordable homes More tiny homes are being transformed into office space As the pandemic continues to disrupt the normal rhythms of...
I n spring 2020, the National Association of Realtors® Research Group surveyed its commercial members on transactions involving retail malls. Their report Case Studies on Repurposing Vacant Retail Malls outlines their findings, including a breakdown of new uses of vacant malls (see below),...
Nationwide, vacation home counties had an 81% sales gain, year-over-year Minnesota had 3 counties in the top 20 vacation counties that saw the largest year-over-year sales increases during June-Sept 2020 Itasca had the largest year-over-year increase, at 137% Cass came in at #9 with a 44%...
#Trends
NAR_MN Buyer Seller 2020.pdf
The Millennial generation (ages 24 to 39) is looking for a place to call home. The pandemic has played an outsized role in transforming urban-dwelling, apartment-renting professionals into homeowners. As countless businesses sent employees home to work, restaurants, pubs, cafes, shops and...
MNR Survey Reveals Why New Realtors Are Entering Real Estate Now Minnesota Realtors has seen a 30% year-over-year increase in new members since June 2020. We recently surveyed those new members to learn more about their entrance into real estate. Summary of MNR New Member Survey...
MNR Survey Reveals Why New Realtors® Are Entering Real Estate Now #Trends
New Member 2020 v2.pdf
2020 has been a year like no other. Although an end may be in sight for COVID-19, its impact will shape the real estate industry for a long time to come. Here are four trends that show how the pandemic, changing work habits, and shifting demographics are creating new opportunities for Realtors ®...
Kath Hammerseng, Brandon Johnson, Frank Hough, Judith Shields #2020 #Trends
What Was the Biggest Unexpected Benefit to Come Out of 2020.pdf
by Will Annett Leah Drury discusses how buyers are gravitating to homes in Minneapolis and St. Paul #2020 #Trends
Urban Nesting in the Twin Cities.pdf