Lots of interesting real estate news in the inbox today, here's a round-up of headlines:
Just in time for the spring selling season, mortgage interest rates fell slightly this week, with the average 30-year fixed-rate mortgage at 3.54%, according to a weekly survey from Freddie Mac.
Home sales across the state fell more than 6 percent during February, according to the Minnesota Association of Realtors. New listings were down more than 13 percent, but the median price of sales was up more than 14 percent. Here's the data.
Home sales across the country rose to the highest level in more than three years with sales increase 0.8 percent from January to February to a seasonally adjusted annual rate of 4.98 million, according to the National Association of Realtors. That was the most sales since November 2009 and the 20th month of year-over-year gains. Here's a link to the report.
Proximity to public transportation enhances home values A detailed study shows that prices of homes that are near light rail in the Twin Cities outperformed other properties in the region by 11.2 percent, according to hot new data from the American Public Transportation Association and the National Association of Realtors. Here's the report (Twin Cities data starts on page 23).