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Advocacy Updates – February 2024

Advocacy Updates go out monthly via the SPAAR Advocacy Report. If you’re not receiving the advocacy report and would like to, email spaar@spaar.com. 
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Year off to promising start with gains in listings and sales

According to new data from the Saint Paul Area Association of REALTORS® and Minneapolis Area REALTORS®, which provide a joint housing report to local media each month, both buyer and seller activity rose in January. Sales rose from low levels as mortgage rates softened making sellers more confident about listing their homes.
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2024 Fair Housing Coloring Contest

Rules, Prizes, and Additional Information
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News

An Interview With 2024 SPAAR President Amy Peterson

2024 SPAAR President Amy discusses what members can expect to experience this year at SPAAR, her thoughts on AI in the real estate industry, and more.
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SPAAR members are invited to Coffee with SPAAR’s President

Informal coffee sessions will be scheduled throughout SPAAR’s 12-county service area in 2024 where SPAAR President Amy Peterson hopes to connect with members for conversation on any and all things industry related.
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SPAAR’s Fair Housing coloring contest is back!

April is National Fair Housing Month and, Every April, Realtors® commemorate the passage of the Fair Housing Act of 1968 and reflect on housing discrimination and segregation, past and present.
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SPAAR In The Media

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.
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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.
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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.
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Advocacy

SPAAR members took part in Minnesota Realtors® Day at the Capitol 2024

Featuring NAR’s Chief Economist Lawrence Yun and political strategist, Todd Rapp.
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Virtual event with author on April 4 to discuss housing affordability and more

SPAAR’s Housing book club is currently reading “Homesick: Why Housing is Unaffordable and How We Can Change It” by Brendan O’Brien.
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Minnesota Realtors® Launch Call To Action Regarding Housing Affordability In Minnesota

Increasing the supply and affordability of housing has emerged as a top-tier issue at the Minnesota State Capitol.
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Community

SPAAR members are invited to Coffee with SPAAR’s President

Informal coffee sessions will be scheduled throughout SPAAR’s 12-county service area in 2024 where SPAAR President Amy Peterson hopes to connect with members for conversation on any and all things industry related.
Read More >

SPAAR’s Fair Housing coloring contest is back!

April is National Fair Housing Month and, Every April, Realtors® commemorate the passage of the Fair Housing Act of 1968 and reflect on housing discrimination and segregation, past and present.
Read More >

2024 Fair Housing Coloring Contest

Rules, Prizes, and Additional Information
Read More >

Housing Market Press Releases

Year off to promising start with gains in listings and sales

According to new data from the Saint Paul Area Association of REALTORS® and Minneapolis Area REALTORS®, which provide a joint housing report to local media each month, both buyer and seller activity rose in January. Sales rose from low levels as mortgage rates softened making sellers more confident about listing their homes.
Read More >

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.
Read More >

SPAAR takes part in sharing annual 2023 Twin Cities Housing Market report

In 2023, higher interest rates continued to weigh on market activity, yet prices are still up. 23-year high mortgage rates and rising prices increased monthly housing costs and slowed buyer activity.
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FastStats

Up-To-Date, Reliable Housing Market Information

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