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February 8, 2021
Today's Real Estate Weekly Newsletter

Marking Black History month, film debuts about racism in housing

Throughout February, we are commemorating Black History Month by sharing stories and resources that support racial equity in homeownership. This week, we are highlighting “Listen! Please!” an 18-minute documentary by J.D. Steele featuring interviews with four esteemed Minnesota Black elders about systemic racism. 

Listen! Please!” premieres today at 6 PM on Facebook and YouTube, and will be available afterward to view on demand. Donations benefit the Capri Theater in North Minneapolis.

MAR office closed February 15

In honor of Presidents Day, our office will be closed on Monday, February 15. We will reopen for our normal virtual, contactless business hours business hours on Tuesday, February 16.
Join our YPN Committee on Thursday, Feb 18 at 9 AM for a virtual Q&A Forum, New Construction Buyers in 2021! Featured panelists  include New Construction Consultants, Allison Schmitt, Loomis Homes and Mary Dale, Lennar, along with Bob Wilkerson, Sales Manager, Refined Lending. 
Sign up today!
  • How to come off as an expert when representing buyers on new construction in today's market.
  • What to look for and what to avoid when working with new construction buyers.
  • Insight from local and national builders on development trends and inventory.
  • Understanding the different financing options for new construction.
Take a look at the latest Twin Cities Weekly Housing Market Charts
Join MAR's Director of Research and Economics, David Arbit, for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, February 18 from 2-3 PM. Register here

"Presenter clearly loves his material and its benefits to our business. This is definitely infectious." - Webinar Attendee

Minneapolis — Rent Control Ordinances To Be Heard On February 24

Minneapolis City Council members Cam Gordon, Jeremiah Ellison, and Lisa Bender have introduced two ordinances regarding rent stabilization, commonly referred to as rent control. These ordinances pertain to adding the City's authority to exercise power to control rents on private residential property in the City. The ordinances are on the Policy & Government Oversight Committee meeting agenda on Wednesday, February 10 at 1:30 PM. A public hearing will be held on February 24, offering Minneapolis residents the opportunity to speak either for or against the measure. Advance sign-up required, (MAR will provide sign-up information once it becomes available). Read more.

Minneapolis Area REALTOS® Rent Control Talking Points

Rent Stabilization Charter Amendment: Article I Ordinance

Rent Stabilization Charter Amendment: Article IV Ordinance

Housing Day at the Capitol

Join us and Minnesota Realtors® on March 15 for this virtual event. The day will start by sharing key messages and lobbying tips, followed by virtual meetings with your legislator(s). Register today!

Market Reports

A strong housing market isn’t just a local activity, and two recently released reports provide us with insights to the strength of residential real estate nationally. The S&P CoreLogic Case-Shiller National Home Price NSA Index rose 9.49% in December 2020 from its December 2019 level. Meanwhile, the National Association of REALTORS® existing home sales report found the median price of existing home sales nationwide rose to $309,800 in December 2020, up 12.9% from the year before. Read more.