February 10, 2020
2019 Annual Housing Market Report
The 2019 housing market was fueled by the overall strength of the economy across most of the country. The stock markets reached new highs throughout the year, improving the asset bases of millions of Americans. Unemployment rates fell to 50-year lows, while wages increased, creating new home buyers. Mortgage rates also declined significantly from 2018, helping to offset affordability stresses caused by continued price appreciation nationally.
Read the full report here.

Press Release: Despite tight market Twin Cities real estate activity up in 2019
The Twin Cities housing market continued to show steady growth in 2019 according to the annual market wrap-up from the Minneapolis Area REALTORS® and the St. Paul Area Association of REALTORS®. At a joint news conference in St. Paul, the associations announced a growing economy, favorable rates and a persistent scarcity of homes for sale have uplifted home prices for eight consecutive years. Lower mortgage rates helped offset declining affordability brought on by rising home prices.
Read the full press release here.
In case you missed it, see what the media is saying after the press conference last week:
Our Government Affairs Committee is monitoring local advocacy issues, including the Accessory Dwelling Units - Height Change and the Renter Protections Implementation. Get the full updates here.

Planning for the 2020 REALTOR® Summit is underway!
Watch for early bird registration starting February 18.

Don't Miss the Wake Up YPN Series
Wake up and be amazing!

Join us on Thursday, March 5 to jump start your day and hear from two great speakers! Hot breakfast, great topics and networking with peers provided.

MAR's own David Arbit will discuss the upcoming Spring market. Entrepreneur and success story Dr. DelRae Messer will join us with inspiration to take the steps necessary to start designing your life.
Get fired up and hear how to create change, success and more freedom in your life. 

Upcoming Classes
7/1/19 - 6/30/20 Salesperson and Broker Required Module: Agency, Fair Housing & Energy Efficiency
Tuesday, February 11, 2020 (1:00 PM to 4:45 PM)
This course has been approved by the MN Commissioner of Commerce for 3.75 hours of Real Estate Continuing Education
Preparing and Presenting a Powerful Listing Presentation
Wednesday, February 12, 2020 (8:30 AM to 12:15 PM)
This course has been approved by the MN Commissioner of Commerce for 3.75 hours of Real Estate Continuing Education
No hours of Real Estate Continuing Education
This course has been approved by the MN Commissioner of Commerce for 3.75 hours of Real Estate Continuing Education

VAREP Lunch and Learn
VAREP Twin Cities Chapter is hosting a FREE VA home loan education event.
Speaker: DVA St Paul VA Regional Loan Center Training Team
11:00 a.m. - 2:15 p.m.
MAR Office 

Market Reports
A newly released report from the U.S. Census Bureau shows in Q4 2019 the national homeownership rate rose to 65.1%. This is the highest level since Q3 2013 when the homeownership rate was 65.3%. More info

Member Spotlight
Congratulations to MAR members Heather and Paul Konsor for being named Real Estate Magazine's Real Estate Agents of the month!
Read the full article here.

New Broker Fundraiser Baskets
MAR wants to support your fundraising efforts! Brokers can request a beautiful and practical home basket (valued at $200) now through February 14 for use at fundraising events. While there are many good causes, the fundraiser must be a broker event. 12 recipients will be selected. 

February Promo from The CE Shop
Minneapolis Area REALTORS
5750 Lincoln Drive
Minneapolis, MN 55345