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5 reasons things are particularly tough for first-time homebuyers in the Twin Cities

5 reasons things are particularly tough for first-time homebuyers in the Twin Cities The market for entry level homes in the Twin Cities is extremely tight. Author: To be a prospective first-time homebuyer in the Twin Cities right now is to be a glutton for punishment. Rejections, each with varying levels of politeness, wash in like waves at the beach regular and seemingly without end. It’s not uncommon for buyers to put in offers on a half-dozen or more homes before a seller accepts their offer, President of the Minneapolis Area Realtors Todd Walker told Bring Me The News. Why is the market in the Twin Cities so aggressive this spring? And how are those that submit winning offers getting ahead? We asked Walker and Tracy Baglio, president of the St. Paul Area Association of Realtors, to explain what s going on. Here are five of the biggest factors making it hard for house hunting first-time homebuyers.

St Paul Realtor group withdraws as a partner in project to expose racist covenants

St. Paul Realtor group withdraws as a partner in project to expose racist covenants Objections to the effort to expose racial covenants remain unclear.  By Randy Furst, Star Tribune May 3, 2021 7:58pm Text size Copy shortlink: One of the metro area s largest Realtors associations has backed out of a project that it helped launch to remove racial covenants written into thousands of property deeds in the early 1900s. Officials with the St. Paul Area Association of Realtors notified Just Deeds organizers this spring that they were withdrawing from the project. Please remove SPAAR s name, logo and description from the Just Deeds website and other materials created by and for the partnership, Joe McKinley, a vice president for the St. Paul group, wrote Just Deeds organizers in an e-mail.

Dearth of homes for sale in Twin Cities sends median sale price to $327,500 in March

Dearth of homes for sale in Twin Cities sends median sale price to $327,500 in March
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