Chad Peterson Realty

04/28/2026

The latest Twin Cities data shows new listings up 11.4% and inventory up 5.8%, while pending sales declined 7.0%. This indicates buyers have more choices, but affordability and hesitation are still shaping activity.

44.6% of mortgaged residential properties in the U.S. were considered equity rich—defined as having a loan-to value ratio of 50% or lower—in the fourth

04/25/2026

Mortgage rates have eased slightly to around 6.2%. Even small changes in rates can significantly impact monthly payments and overall buying power.

The 30-year fixed-rate mortgage declined again this week to 6.23%. Rates currently stand at their lowest level in the last three spring homebuying seasons. This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, u...

04/17/2026

Rates fell again — 30-year fixed is averaging 6.3%. 👀
If that knocked your payment down even a little… would you jump back into house hunting, or still wait?

Comment YES or WAIT and I’ll tell you what I’m seeing in the North Metro right now.

Key takeawaysMortgage rates fell for a second straight week, with the 30-year fixed-rate averaging 6.3% and the 15-year at 5.65%, according to Freddie

04/16/2026

Twin Cities buyer activity is picking up: showings were +19% year-over-year last week, and the $800K–$1M range saw the biggest spike. If you’re shopping, being prepped matters—good homes don’t sit long.

Good morning Realtors! Let’s dive into the latest housing market activity. In addition to our regular weekly report, these weekly and monthly charts go

04/11/2026

Timing matters 👀
List at the right time… and it can literally pay off.

A new report from Realtor.com indicates that the best time to sell your home in 2026 is fast approaching. Here's how you can get it ready in time to sell.

04/07/2026

Sellers are learning the hard way…
Price it right from the start or chase the market later 😅

While price cuts were all the rage last year, homeowners entering peak selling season this spring are shifting strategy. They are opting for more realistic initial pricing rather than relying on su…

03/30/2026

Be honest… are you going over asking if you find the perfect home? 👀

👍 Yes, let’s win it
😐 Maybe, depends how much
👎 Nope, I’m sticking to my number

03/24/2026

“Why is everything a rental now?” …this data helps explain the vibe. 👀 Nearly 1 in 20 Twin Cities single-family rentals are owned by private investors.

Nearly one in 20 single-family rental homes in the Twin Cities metro is now owned by a private investor. It’s one marker of a changing real estate market amid ongoing conversations about housing affordability and ownership possibilities.

03/22/2026

Rates bumped up a bit again 👀 Want me to break down what that means for your monthly payment?

Late last week, mortgage rates dropped, driving the weekly average down to its lowest level in more than three years. The impacts are noticeable, as weekly purchase applications and refinance activity have jumped, underscoring the benefits for both buyers and current owners. It appears that housing....

03/21/2026

If you’ve been waiting for “a few more choices”… inventory is creeping up 👏 Want me to run comps or a price check on your neighborhood?

U.S. sales of new residential homes slipped 1.7% in December to a seasonally adjusted annual rate of 745,000, according to the U.S. Census Bureau. Despite the

03/18/2026

Twin Cities showings were down last week… which might explain why your “perfect house” didn’t have 37 offers 😅 Want me to pull what buyers are actually looking at in your North Metro area? DM PULSE.

Good morning Realtors! Let’s dive into the latest housing market activity. In addition to our regular weekly report, these weekly and monthly charts go beyond