Mitch Brown, Realtor

Mitch Brown, Realtor Providing real estate information and services to home buyers and sellers located in and around Eagan, MN. Licensed in MN.

12/05/2022

NATIONAL MARKET UPDATE



October Residential Construction was just a smidge below September’s read, at a seasonally adjusted annual rate of $887.2 billion . This is still 8.6% ahead of a year ago, with growth focused on the multifamily sector.

The Pending Home Sales index of signed contracts on existing homes slipped in October. But the NAR sees “a return of buyers, as mortgage rates appear to have already peaked and have been coming down since mid-November.”

Homebuyers on the sidelines should note those lower rates, along with the growing active inventory (49% above a year ago) that’s giving them more choices. Plus, Case-Shiller home price gains have now decreased six months in a row.

05/05/2021

Court Strikes Down Eviction Ban
U.S. District Court Judge Dabney L. Friedrich of the District of Columbia struck down a nationwide eviction moratorium Wednesday, calling it unlawful. Friedrich's ruling applies nationwide.

The eviction ban was put in place last year by the Trump administration using public health powers granted to the Centers for Disease Control and Prevention during health emergencies.

The ban was most recently extended by President Biden through the end of June.

In her 20-page ruling, Friedrich said, “It is the role of the political branches, and not the courts, to assess the merits of policy measures designed to combat the spread of disease, even during a global pandemic. The question for the Court is a narrow one: Does the Public Health Service Act grant the CDC the legal authority to impose a nationwide eviction moratorium? It does not.”

The Georgia and Alabama Association of REALTORS®, two housing providers, and their property management companies, filed the suit in defense of mom-and-pop property owners around the country struggling to pay bills without rental income for more than a year.

NAR—which helped secure nearly $50 billion in rental assistance provided by Congress since December to help tenants pay their bills and provide relief to housing providers who have lost income—supported the lawsuit, saying the ban was no longer needed.

“NAR has always maintained that the best solution for all parties was rental assistance to cover the rent, taxes and utility bills for tenants struggling during the pandemic,” says NAR President Charlie Oppler. “This decision prevents two crises—one for tenants, and one for mom-and-pop housing providers who do not have a reprieve from their bills. With rental assistance secured, the economy growing, and unemployment rates falling, there is no need to continue a blanket, nationwide eviction ban. With this safety net firmly in place, the market needs a return to normalcy and stability.”

Oppler adds that “our attention now should turn to the swift and efficient implementation of rental assistance.”

02/20/2021

https://www.ag.state.mn.us/brochures/pubhomebuyershandbook.pdf

12/14/2020

Here is an update on our current inventory levels in the Twin City area. 2019 we had 19,095 homes listed in November fast forward to November of 2020 and we had 11,013 that is a decrease of 42.3%!!! With the interest rates so low and inventories this low we will have a sellers market for the foreseeable future. If you have questions about your homes value please feel free to contact me!!

08/20/2020

Check out this awesome new listing in Eagan!!!

This Burnsville Cul De Sac beauty is hitting the market tomorrow!!!
08/11/2020

This Burnsville Cul De Sac beauty is hitting the market tomorrow!!!

Bedrooms, Bathrooms - Contact Mitchell Brown 651 253 1053

Got so busy I forgot to post a very happy seller yesterday!!
07/16/2020

Got so busy I forgot to post a very happy seller yesterday!!

A very happy buyer today!!!
06/26/2020

A very happy buyer today!!!

Been a busy week ONE more very happy buyer!!
06/11/2020

Been a busy week ONE more very happy buyer!!

This one was a long time in the works! The buyers first contacted me thru Zillow over two years ago!! We talked but neve...
06/10/2020

This one was a long time in the works! The buyers first contacted me thru Zillow over two years ago!! We talked but never met they disappeared for about two years then contacted me again about 6 months ago. We were talking at the closing table today and they said they fired TWO other agents before reconnecting with me. They are very happy buyers today!!!

Happy Seller today
06/08/2020

Happy Seller today

Address

12280 Nicollet Av S
Burnsville, MN
55122

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