Prices dip for first time since 2012 but sellers still receive over asking price
(May 17, 2023) – According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, home prices dipped slightly from last April. Both buyer and seller activity were also lower compared to last year.
FHFA rescinded its proposed LLPA changes
On May 10, 2023, the Federal Housing Finance Agency (FHFA) rescinded its proposed loan level pricing adjustment (LLPA) upfront fee on borrowers with debt-to-income ratios greater than 40 percent that was slated to go into effect August 1.
NAR Midyear legislative meeting recap
Realtors® from Minnesota had a full week at the National Association of REALTORS® Midyear legislative meetings last week, May 6-11.
Woodbury Down Payment Assistance Q & A
Join SPAAR’s Government Affairs Directors for a Question & Answer session with Woodbury’s Community Development Director, Jamie Fritz, on Thursday, June 1, at 10am via zoom.
Fair Housing is for everyone. Everywhere. All year long.
Fair Housing receives extra attention during April when it’s recognized by the National Association of REALTORS® as Fair Housing Month.
SPAAR statistics provide timely updates in local housing markets
Check out statistics to gain timely information throughout SPAAR's 12-county service area and throughout the greater Twin Cities.
First Time Homebuyers: Financing & Credit (What You Need to Know)
SPAAR’s Education & Events Director, Kristin Parker, sits down with two SPAAR Affiliate Members: Cindy Allen of Bay Equity Home Loans and Steven Tran of Fairway Mortgage to talk about First Time Homebuyers – what REALTORS® can do to educate and better help these consumers become a homeowner.
You scream. I scream. We all scream for ice cream.
Mark your calendar for the Give ‘n Get ice cream event at SPAAR on Friday, May 19, from 1-4pm.