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Home Sales Improve in Minnesota
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
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

March 27, 2012 (Shirley Allen)

Monthly and annual sales of existing single-family homes and condominiums improved during February in Minnesota while home prices held steady, remaining virtually unchanged from last month and from last year, according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 4,921 existing single-family homes and condos were sold in the North Star State in February. That was 11.6 percent higher than the 4,411 homes sold in January and 14.7 percent higher than the 4,290 homes sold in February 2011.

The median sales price for an existing home in Minnesota was virtually unchanged in February at $124,900, down from $125,000 in January, but was still 0.8 percent higher than the median price of $123,950 in February of last year.

Of the 13 regions that provide data for the monthly report, ten of the regions reported gains in home sales over the previous year with the North Central Region (+308.8 percent) reporting the largest increase while the South Central Region (-11.2 percent) posted the largest monthly decline in sales.

The Seven Twin Cities Region recorded the most sales for the month with an estimated 2,438 home sales, up from 2,184 the previous month, while the Southeast Region followed with an estimated 622 home sales for the month, up from 528 in January.

Year-over-year, six regions posted an increase in their median prices led by the Headwaters Region (+103.6 percent) with the South Central Region (-13.9 percent) posting the largest decline in prices. Three regions had no change in their home prices from the previous year.

The total number of homes available for sale continued to fell dramatically in February with 59,419 homes actively available. That’s down from 105,432 in January and down from 133,164 in February of 2011.

The dwindling inventory left the state with an average 8.6 months supply of homes available for purchase, down from a 16.9 months supply in January and also down from a 20.7 months supply a year earlier.

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.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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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

March 27, 2012 (Shirley Allen)

Monthly and annual sales of existing single-family homes and condominiums improved during February in Minnesota while home prices held steady, remaining virtually unchanged from last month and from last year, according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 4,921 existing single-family homes and condos were sold in the North Star State in February. That was 11.6 percent higher than the 4,411 homes sold in January and 14.7 percent higher than the 4,290 homes sold in February 2011.

The median sales price for an existing home in Minnesota was virtually unchanged in February at $124,900, down from $125,000 in January, but was still 0.8 percent higher than the median price of $123,950 in February of last year.

Of the 13 regions that provide data for the monthly report, ten of the regions reported gains in home sales over the previous year with the North Central Region (+308.8 percent) reporting the largest increase while the South Central Region (-11.2 percent) posted the largest monthly decline in sales.

The Seven Twin Cities Region recorded the most sales for the month with an estimated 2,438 home sales, up from 2,184 the previous month, while the Southeast Region followed with an estimated 622 home sales for the month, up from 528 in January.

Year-over-year, six regions posted an increase in their median prices led by the Headwaters Region (+103.6 percent) with the South Central Region (-13.9 percent) posting the largest decline in prices. Three regions had no change in their home prices from the previous year.

The total number of homes available for sale continued to fell dramatically in February with 59,419 homes actively available. That’s down from 105,432 in January and down from 133,164 in February of 2011.

The dwindling inventory left the state with an average 8.6 months supply of homes available for purchase, down from a 16.9 months supply in January and also down from a 20.7 months supply a year earlier.

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

March 27, 2012 (Shirley Allen)

Monthly and annual sales of existing single-family homes and condominiums improved during February in Minnesota while home prices held steady, remaining virtually unchanged from last month and from last year, according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 4,921 existing single-family homes and condos were sold in the North Star State in February. That was 11.6 percent higher than the 4,411 homes sold in January and 14.7 percent higher than the 4,290 homes sold in February 2011.

The median sales price for an existing home in Minnesota was virtually unchanged in February at $124,900, down from $125,000 in January, but was still 0.8 percent higher than the median price of $123,950 in February of last year.

Of the 13 regions that provide data for the monthly report, ten of the regions reported gains in home sales over the previous year with the North Central Region (+308.8 percent) reporting the largest increase while the South Central Region (-11.2 percent) posted the largest monthly decline in sales.

The Seven Twin Cities Region recorded the most sales for the month with an estimated 2,438 home sales, up from 2,184 the previous month, while the Southeast Region followed with an estimated 622 home sales for the month, up from 528 in January.

Year-over-year, six regions posted an increase in their median prices led by the Headwaters Region (+103.6 percent) with the South Central Region (-13.9 percent) posting the largest decline in prices. Three regions had no change in their home prices from the previous year.

The total number of homes available for sale continued to fell dramatically in February with 59,419 homes actively available. That’s down from 105,432 in January and down from 133,164 in February of 2011.

The dwindling inventory left the state with an average 8.6 months supply of homes available for purchase, down from a 16.9 months supply in January and also down from a 20.7 months supply a year earlier.

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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