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Real Estate Market

NAHB: Home Builder Confidence Ticks Up in April

April 19, 2021 by bobelliot

The national reading for home builder confidence rose one point to an index reading of 83 in April; the National Association of Home Builders predicted a reading of 84. Component readings for April’s national index readings were mixed.  Builder confidence in current market conditions for single-family homes rose one point Read More

Posted in Real Estate Market Tagged home buying, home market

4 Reasons People Are Buying Homes in 2021

January 13, 2021 by bobelliot

According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what “home” means and what we may need in one Read More

Posted in Real Estate Market Tagged home buying

More Generations Are Living Under One Roof This Year

December 30, 2020 by bobelliot

This year challenged us to reprioritize everything – from the way we use our time to where we work, how we socialize and gather together, and our needs at home. For many, this also meant making decisions about how to best support and engage with our extended families, near and Read More

Posted in Real Estate Market Tagged Home Market Trending

NAHB: Rising Demand for Homes Boosts Builder Confidence

November 18, 2020 by bobelliot

Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November’s index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder sentiment toward market conditions. Readings for the Housing Market Index Read More

Posted in Real Estate Market Tagged housing market, NAHB

Real Estate Is a Driving Force in the Economy

November 5, 2020November 5, 2020 by bobelliot

As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, Read More

Posted in Real Estate Market Tagged economy, housing inventory, mortgage rates

Builders & Realtors Agree: Real Estate Is Back

August 25, 2020 by bobelliot

When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the opposite Read More

Posted in Real Estate Market Tagged homw ownership, real estate

A Remarkable Recovery for the Housing Market

July 21, 2020 by bobelliot

For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, Read More

Posted in Real Estate Market

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Bob Elliot
eXp Realty
612.868.5500
bob@mnresteam.com
7700 France Ave S, Edina, MN
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