Minnesota Market Update — Haunted (But Hopeful)

Tricks, treats, and timely stats for Twin Cities buyers & sellers

👻 Mortgage rates twitched higher (but long‑term still looks lower)

Recent Mortgage News Daily data showed the average 30‑year fixed moving up slightly. Mortgage pricing follows bond‑market expectations more than individual Fed decisions.

🕸️ Minnesota sales are crawling back to life

According to SPAAR, listings and pending sales are up statewide and in the Twin Cities, with modest Y/Y price gains. Inventory remains tight, so attractive, well‑priced homes still move fast.

🦇 Quick tips

For Buyers

• Shop by monthly payment first and explore rate‑lock options.
• More listings = more choices, but top homes move quickly.
• Two‑step plan: buy the right home now, refinance if/when rates fall.

For Sellers

• Presentation is everything: light, warmth, and great photos.
• Price to today’s budgets; highlight energy efficiency and low upkeep.
• Prep now so your listing is ready before the next rate swing.

🧟 Design Corner: “Avoid vs Better” (2025‑friendly looks)

From NAR’s design roundup — here’s how to swap out dated, spooky looks for modern warmth and texture buyers love.

Monochrome Overload

❌ Avoid   Uniform cool grays can feel flat and lifeless.

✅ Better   Warm neutrals, wood tones, and texture add depth.

Red Wall Paint

❌ Avoid   Red wall paint is rated as the least desirable color by homebuyers.

✅ Better   Soft greens, warm grays, and nature-inspired tones are considered "In."

Open Shelving in the Kitchen

❌ Avoid   Open shelving can make a kitchen feel cluttered and require constant more organization.

✅ Better   Upper cabinets provide concealed, dust-free storage and help maintain a more organized kitchen.

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