Introducing SPAAR’s 2022 Board of Directors. This week: meet Diana Allen

The paint recommendation by this week’s featured board member, Diana Allen, is one that “goes with everything,” specifically French Canvas by Benjamin Moore. She also shared that Mid-Century Modern homes are her favorite architectural style.

SUPRA Training for Agents & Brokers

Supra has a NEW way for you to register for the live recurring trainings in 2022 that will best fit your schedule. Each topic below includes a registration button.

Introducing SPAAR’s 2022 Board of Directors. This week: meet Chelsea Erickson

Chelsea was recruited into the real estate industry 27 years ago and commented, “I quickly found out how much I loved it!” She had her sights set on becoming a pilot when she was younger.

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.  

PACK THE BUS!

Let’s make sure kids have the tools they need to make this school year a success.  SPAAR’s members are collecting school supplies for two nonprofits that serve families and children in need.

August 2 is National Night Out! 

Planning a National Night Out event in your neighborhood?  Hot dogs?  Root beer floats?  SPAAR can help!

2022 Blue Star Mothers Collection Drive

Thank you!  SPAAR’s annual collection drive for nonprofit Blue Star Mothers of America, Inc. ended May 27. 

Buyers grapple with affordability challenges amidst rising rates and home prices

Twin Cities home prices rose as sellers continued receiving strong offers despite slightly longer market times. Meanwhile, buyers signed 18.4 percent fewer purchase agreements than last year. While these signal a rebalancing marketplace, the persistent shortage of homes in the region should keep prices resilient.

Twin Cities housing supply up for the first time in two years

According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, the Twin Cities metro area ended the month of May with 6,797 homes, 5.3 percent more homes than last May. This is the first year-over-year inventory increase since March of 2020.

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.