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Home Sales Improve in Minnesota But Pace Slows
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Home Sales Improve in Minnesota But Pace Slows
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Sales Improve in Minnesota But Pace Slows

August 1, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved in Minnesota during June but slowed considerable following May’s 30 percent jump in sales according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 8,873 existing single-family homes and condos were sold in the North Star State in June. That was 5.0 percent higher than the 8,449 homes sold in May and 5.1 percent higher than the 8,442 homes sold in June 2011. It was the 12th consecutive month that home sales improved year-over-year.

The median sales price for an existing home in Minnesota increased by 6.6 percent in June to $159,900, up from $150,000 in May, and was 10.4 percent higher than the median price of $144,900 in June of last year.

Of the 13 regions that provide data for the monthly report, seven of the regions reported gains in home sales over the previous year with the East Central Region (+33.9 percent) reporting the largest increase while the Upper Minnesota Valley Region (-42.0 percent) posted the largest monthly decline in sales.

The Twin Cities County Region recorded the most sales for the month with an estimated 4,430 home sales, up from 4,111 the previous month, while the Southeast Region followed with an estimated 1,163 home sales for the month, up from 1,089 in May.

Year-over-year, all 13 regions posted an increase in their median prices led by the Upper Minnesota Valley Region (+23.0 percent) followed by the West Central Region (+21.2 percent).

The total number of homes for sale was virtually unchanged from May with 51,019 homes actively available for purchase in June, up slightly from 50,928 in May.

Despite the higher amount of sales, the slight increase in inventory left the state with an average 7.2 months supply of homes available for purchase, unchanged from May.

Homes in Minnesota took an average of 94 days to sell in June, down from 102 days in May.

Tags: existing homes, condos, sales, median home prices, Minnesota

Source:
MAR

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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August 1, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved in Minnesota during June but slowed considerable following May’s 30 percent jump in sales according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 8,873 existing single-family homes and condos were sold in the North Star State in June. That was 5.0 percent higher than the 8,449 homes sold in May and 5.1 percent higher than the 8,442 homes sold in June 2011. It was the 12th consecutive month that home sales improved year-over-year.

The median sales price for an existing home in Minnesota increased by 6.6 percent in June to $159,900, up from $150,000 in May, and was 10.4 percent higher than the median price of $144,900 in June of last year.

Of the 13 regions that provide data for the monthly report, seven of the regions reported gains in home sales over the previous year with the East Central Region (+33.9 percent) reporting the largest increase while the Upper Minnesota Valley Region (-42.0 percent) posted the largest monthly decline in sales.

The Twin Cities County Region recorded the most sales for the month with an estimated 4,430 home sales, up from 4,111 the previous month, while the Southeast Region followed with an estimated 1,163 home sales for the month, up from 1,089 in May.

Year-over-year, all 13 regions posted an increase in their median prices led by the Upper Minnesota Valley Region (+23.0 percent) followed by the West Central Region (+21.2 percent).

The total number of homes for sale was virtually unchanged from May with 51,019 homes actively available for purchase in June, up slightly from 50,928 in May.

Despite the higher amount of sales, the slight increase in inventory left the state with an average 7.2 months supply of homes available for purchase, unchanged from May.

Homes in Minnesota took an average of 94 days to sell in June, down from 102 days in May.

Tags: existing homes, condos, sales, median home prices, Minnesota

Source:
MAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 1, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved in Minnesota during June but slowed considerable following May’s 30 percent jump in sales according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 8,873 existing single-family homes and condos were sold in the North Star State in June. That was 5.0 percent higher than the 8,449 homes sold in May and 5.1 percent higher than the 8,442 homes sold in June 2011. It was the 12th consecutive month that home sales improved year-over-year.

The median sales price for an existing home in Minnesota increased by 6.6 percent in June to $159,900, up from $150,000 in May, and was 10.4 percent higher than the median price of $144,900 in June of last year.

Of the 13 regions that provide data for the monthly report, seven of the regions reported gains in home sales over the previous year with the East Central Region (+33.9 percent) reporting the largest increase while the Upper Minnesota Valley Region (-42.0 percent) posted the largest monthly decline in sales.

The Twin Cities County Region recorded the most sales for the month with an estimated 4,430 home sales, up from 4,111 the previous month, while the Southeast Region followed with an estimated 1,163 home sales for the month, up from 1,089 in May.

Year-over-year, all 13 regions posted an increase in their median prices led by the Upper Minnesota Valley Region (+23.0 percent) followed by the West Central Region (+21.2 percent).

The total number of homes for sale was virtually unchanged from May with 51,019 homes actively available for purchase in June, up slightly from 50,928 in May.

Despite the higher amount of sales, the slight increase in inventory left the state with an average 7.2 months supply of homes available for purchase, unchanged from May.

Homes in Minnesota took an average of 94 days to sell in June, down from 102 days in May.

Tags: existing homes, condos, sales, median home prices, Minnesota

Source:
MAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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