SPAAR In The News
SPAAR and its members are featured in multiple articles throughout the year. All articles were originally published by local media outlets, who are attributed.
Annual news conference tells housing story in Twin Cities and throughout Minnesota
SPAAR held its annual housing market news conference in conjunction with Minneapolis Area REALTORS® and Minnesota Realtors® on January 28 at the Twin Cities Habitat for Humanity.
SPAAR in the News
Local news featured Amy Peterson, 2024 President of the Saint Paul Area Association of REALTORS®, sharing about the 2023 housing market.
Homes for sale down in Twin Cities, up slightly statewide
Minneapolis Area Realtors and the St. Paul Area Association of Realtors also put out a report on the Twin Cities regional market. While new listings throughout the state were up, new listings in the Twin Cities declined 1.1% in October, although the report notes that this is the lowest decline since May 2022.
Finance & Commerce article: Twin Cities home sales fall, home prices rise
Minneapolis and St. Paul Realtor groups said Monday that Twin Cities home prices rose in June, but sales activity — weighed down in part by rising interest rates and tight inventory — was slower compared to last year.First home-price dip in 12 years
Home prices dipped for the first time in 12 years last month, but leaders of two local Realtor associations say the decrease can be attributed to a long winter and a lack of inventory more than anything else.
Sanneh Foundation is buying houses to offer affordable housing for its employees
The St. Paul foundation next wants to build a 100-unit affordable housing building.
Twin Cities, U.S. home prices expected to rise at a slowed pace in 2023, Realtor.com says
While home prices may be slowing, they are not anticipated to go down in the new year, a recently released annual forecast reports.
Realtors group grants $100,000 to three local nonprofits for housing, plantings
The number of sales fell amid rising interest rates and ultra-tight supply. Prices jumped 7% from a year earlier.