Ginko Leaves on Gate       28 October, 2014

It may be cooling off, but the market is still plugging ahead.
Read the latest from Minneapolis Area Association of Realtors
Weekly Update below. 

Rising home prices and continued housing stability continue to lure new listings and keep inventory at a comfortable level. Although things like student debt and lethargic wage growth may provide some obstacles for first-time home buyers, those on the hunt for homes are still graced by relatively low inflation and low mortgage rates. The seasonal slows may settle in soon, but the market remains mostly content. In the Twin Cities region, for the week ending October 18: • New Listings increased 1.6% to 1,310 • Pending Sales increased 5.1% to 912 • Inventory increased 6.1% to 18,094