2013 Rising Star Award from SPAAR

On January 9th, 2014 Matthew Johnson of The Johnson Real Estate Group at Keller Williams Premier Realty in Saint Paul was named a recipient of the 2013 Rising Star Award. The Saint Paul Area Association of Realtors (SPAAR) is dedicated to promoting the dream of homeownership with the highest level of professionalism and integrity. This award is presented to the member of SPAAR who demonstrates excellence and is on the rise in the real estate industry. The recipient shows advancing leadership … [Read more...]

Twin Cities prices rise because there are fewer low-priced homes in the sales mix

Positive news about the housing market has permeated the headlines for several months now, and it's not just a case of less supply and more demand. It's also a function of product mix. When there is a transition from a 50 percent foreclosure market to a 25 percent foreclosure market, twin cities prices rise because there are fewer low-priced homes in the sales mix. Of course, this is not the case in all submarkets, so here's what else is happening around town.   In the Twin Cities … [Read more...]

We can count on one thing – a steadily improving housing market!

The unpredictable season of spring is here. Wily snowstorms, thunderous rain and summer-like heat waves strike across the U.S. It's a good thing that we can count on one thing – a steadily improving housing market. Even the few naysayers left can't ignore the cherry blossom blooms within the market metrics. So get out your umbrella, sunscreen and snow boots because, no matter the weather, we are watching a burgeoning market take form. With scarf, shorts and galoshes on, let's wade into this … [Read more...]

Most housing markets across the country are continuing to chug along….

Most housing markets across the country are continuing to chug along toward recovery as the local market begins its first buds into spring mode. New listings and overall inventory have become the prominent indicators to watch, as demand for quality homes to buy is up. Agents in some areas are seeing the highest prices and fastest selling times in years. Where it used to take months, it can now take mere days to sell an appealing home. Here's a quick recap of the week that was. In the Twin … [Read more...]

Jobs data looking better than expected and inflation running well.

With February's jobs data looking better than expected and inflation running well within the Fed's target range, mortgage rates ticked higher. It s not much, and this affordability environment is still hugely attractive, but it's just enough to notice. Combined with low inventory, low rates have been a prominent motivation for buyers. But sellers need the real encouragement these days. Consistent year-over- year price gains have proven insufficient thus far, but that's subject to change come … [Read more...]