New Members – April 2022

Welcome, April 2022 new members to the Realtor® family!

SPAAR is adding On Demand style CE

At the end of 2021, SPAAR’s annual survey included a few specific questions pertaining to where and how members complete their continuing education.  Her assumption was confirmed when the annual survey results tallied an overwhelming response in favor of SPAAR exploring a new direction of providing continuing education.

Home prices hit $370,000 as rates push affordability to lowest level since 2004

According to new data from the Saint Paul Area Association of REALTORS® and Minneapolis Area REALTORS®, the Twin Cities metro area saw rising prices, fast market times and strong offers—often over asking price—during April.

Twin Cities’ housing affordability reaches worst level in 18 years

But with interest rates on the rise, housing affordability is at its worst level since at least 2004, according to a monthly report from Minneapolis Area Realtors/Saint Paul Area Realtors Association.

Two months into the year, sellers remain in control of Twin Cities housing market

A shortage of listings in February caused a decline in sales but an increase in prices. 

St. Paul’s rent control vote caused lag in housing sales prices, study says

Economists estimate that if voters had not passed an ordinance, residential property values would be 6-7% higher.  

Twin Cities Diversity Homeownership Fair CE

Twin Cities Diversity Homeownership Fair is coming up on Saturday, June 11th and includes continuing education opportunities.

A Letter From SPAAR’s REALTORS® Charitable Foundation Man Huynh

As president of SPAAR’s REALTORS® Charitable Foundation, one of the greatest joys is how we can support the greater community on behalf of all SPAAR members, and it is member involvement that plays a large part of the Foundation’s ongoing success year after year.

Volunteers Needed For Dresser Builds!

In 2022, REALTORS® Charitable Foundation is partnering with Bridging to coordinate four community dresser assembly events within SPAAR’s larger geographic area. Everyone is welcome to help at any or all of these events!

Home prices hit $370,000 as rates push affordability to lowest level since 2004

According to new data from the Saint Paul Area Association of REALTORS® and Minneapolis Area REALTORS®, the Twin Cities metro area saw rising prices, fast market times and strong offers—often over asking price—during April.

February 2022 Overview: Sales Begin Seasonal Upswing, But Down From Last Two Unusually Strong Februarys

According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, buyer activity in the Twin Cities metro showed its first month-over-month gain since August 2021. As the Covid reshuffle continues to temper, sales are down compared to February of 2020 and 2021, but up from 2019 levels.

Twin Cities Housing Market Returning to Historic Trends

According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, buyer activity in the month of July more closely resembled a typical, pre-pandemic summer than the frenzied buying spree seen over the last year or so. Demand as measured by pending sales was down 11.2 percent from July 2020 but was flat compared to July 2019.’