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Crucial real estate listing service has been down since Friday, frustrating Realtors NorthstarMLS has been down for days at a time when the market is crazier than ever. Author: Part of NorthstarMLS the multiple listing service real estate agents in Minnesota use to list properties that are for sale is down. This is preventing Realtors from adding new properties to the MLS system and making changes to current listings, so new homes aren t getting listed as for sale during the busiest time for real estate in years. Related: NorthstarMLS last weekend executed planned upgrades to its add/edit system for listings but it didn t go well, so Realtors have been struggling to add new listings since Friday, as well as edit any of their current listings. ....
Median home price for Twin Cities metro hits record $337,000 That s 10.5% higher than a year ago. Author: The median home price in the 16-county metro is a whopping $337,000 the highest on record. That s according to new data from the Minneapolis and St. Paul area realtors associations, which say the median home price in April 2021 is 10.5% higher than it was in April 2020. For reference, the median home price in the Twin Cities in 2019 was $280,000 - which was, at the time, a record-high. Related: Not only are homes selling for more, but they re spending less time on the market. Half of the homes for sale go under contract within eight days of being listed, which is the fastest time in at least 14 years. ....
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. ....
U.S. Coast Guard is giving away four lighthouses, including one in Duluth Federal, state and local agencies, as well as some nonprofits are eligible to take over the lighthouses for free. Author: The federal government is inviting certain types of organizations to apply to take over one of Duluth s lighthouses. The U.S. Coast Guard has decided it doesn t need four of the nation s lighthouses anymore, including the Duluth Harbor North Pierhead Light at the end of the pier at Duluth s Canal Park, so it s giving it away per the National Historic Lighthouse Preservation Act of 2000. The U.S. General Services Administration, which is tasked with selling government property, has listed the four lighthouses as no cost to eligible entities. Those entities include federal agencies; state and local agencies; nonprofit corporations; educational agencies; and park, recreational, cultural or historic preservation purposes. ....