For much of the past several years, sellers in St. Paul, Minnesota, had the upper hand. Low inventory, intense buyer competition, and rapid price appreciation made it easy to list a home and attract multiple offers. That dynamic is changing. Listings in St. Paul are up roughly 12 percent over last year, according to Shawn ...
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Active single-family listings in Rochester, Minnesota, have climbed from roughly 330 to 522 in eighteen months, according to Alex Mayer of Rochester Area Homes by Alex. Statewide, Minnesota inventory has risen 31 percent. The standard explanation points to rate lock finally loosening. Mayer sees something more fundamental encouraging sellers to list: the homes they bought ...
Every time a home goes on the market in the United States, the listing data – price, photos, square footage, descriptions – enters a multiple listing service. From there, that data gets copied. According to Tim Dain, President & CEO of NorthstarMLS, the regional MLS serving Minnesota, some MLS databases get replicated hundreds or even ...
Most conversations about artificial intelligence in real estate focus on the consumer-facing layer: smarter search, better recommendations, automated valuations. The more consequential question is playing out one level deeper: who controls the intelligence that gets built from organized real estate data, and what infrastructure exists to govern that process before it becomes irreversible. That question ...
A city of 10,000 people surrounded by 400 lakes within a 15-to-20-minute radius doesn’t have an obvious expansion path. Detroit Lakes, Minnesota, sits in a geography that simultaneously attracts investment and constrains where that investment can physically go. The result is a market where available commercial space is hard to find, industrial park lots are ...
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Real Estate News Beyond Minnesota
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Most Florida markets that lose 25 to 30 percent of their home values are in decline. On a ferry-access barrier island off the coast of Englewood in Charlotte County, the drop is producing something different: a functioning market reorganizing around a lower price band, with rebuilt housing stock and buyers who are willing to pay ...
In the part of southern Illinois that runs through Randolph and Perry counties toward the Missouri line, the housing market operates at a scale most metro buyers would not recognize. The area has little commercial property and few businesses, according to Nona Shaw, an agent with Tri County Realty, and the market is thin enough ...
A resale home in Royse City, Texas, has been sitting on the market for over ten months. A nearby resale property closer to downtown Dallas went under contract in 16 days. Both are in the same metro area, served by the same agent. The difference is not location alone – it is what new-construction builders ...
Durham’s housing market is sorting homes by condition and price. Emily Godrich of Heart NC Realty Group sees both outcomes: her two most recent Durham listings each sold within five days with multiple offers, while other homes in the market are not selling right away. Pricing has had to adjust as well. “We’ve had to ...
A year ago, newer private lending fund managers were writing offering memorandums with relatively loose language. Today, those same documents read differently, stricter concentration limits, double-underwriting requirements, and pledges of conservative asset allocation that would have seemed unnecessary in a more optimistic climate, according to Scott Ward, owner of The Ward Company and its subsidiaries, ...
In Hampton Roads, Virginia, home to 13 military bases and every branch of service, the question behind a home purchase is not only whether the house works now, but what happens to it when orders arrive. Erin Ward, who leads a residential team at HRVA Homes in Norfolk, says many military buyers in the region ...
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