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Buyers Some helpful tips about assumable mortgages What Is an Assumable Mortgage? An assumable mortgage is a type of financing arrangement whereby an outstanding mortgage and its terms are transferred from the current owner to a buyer. By assuming the previous owner’s remaining debt, the buyer can avoid obtaining their own mortgage. Different types of loans can qualify as assumable mortgages, though there are […]
Buyers Why Buyers Need an Expert Agent by Their Side Why Buyers Need an Expert Agent by Their Side The process of buying a home can feel a bit intimidating, even under normal circumstances. But today’s market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up […]
Market Conditions Closed Sales Down as Median Home Price Dips Closed Sales Down as Median Home Price Dips By MNR News posted 4 days ago   Total number of homes for sale increases during slow start to sales season MINNEAPOLIS (May 17, 2023) — Although the weather was warming, sales activity across the state iced over as closed sales dropped almost 31% compared to April 2022. Other key market indicators felt the […]
Sellers Powerful Job Market Fuels Homebuyer Demand Powerful Job Market Fuels Homebuyer Demand The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest […]
Buyers What You Need To Know About Home Price News What You Need To Know About Home Price News The National Association of Realtors (NAR) will release its latest Existing Home Sales Report today. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, […]
Sellers Homeowners Have Incredible Equity To Leverage Right Now Homeowners Have Incredible Equity To Leverage Right Now Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The […]
Sellers The Best Time To Sell Your House Is When Others Aren’t Selling The Best Time To Sell Your House Is When Others Aren’t Selling If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm. Looking back at every April since 2017, […]
Sellers Reasons To Sell Your House Today Reasons To Sell Your House Today Some Highlights Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now. Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is […]
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Buyers How Homeowners Win When They Downsize How Homeowners Win When They Downsize Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. […]
Market Conditions Buyer Activity Is Up Despite Higher Mortgage Rates Buyer Activity Is Up Despite Higher Mortgage Rates If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed. Data from the latest ShowingTime Showing Index, which is a […]
Buyers A Recession Doesn’t Equal a Housing Crisis A Recession Doesn’t Equal a Housing Crisis Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a […]
Buyers Why Buying a Home Makes More Sense Than Renting Today Why Buying a Home Makes More Sense Than Renting Today Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have […]
Buyers Ways To Overcome Affordability Challenges in Today’s Housing Market Ways To Overcome Affordability Challenges in Today’s Housing Market Some Highlights With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget. You can also work with a trusted lender to consider alternative financing options and search for […]
Market Conditions Why Today’s Foreclosure Numbers Are Nothing Like 2008 Why Today’s Foreclosure Numbers Are Nothing Like 2008 You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening […]
Market Conditions The Three Factors Affecting Home Affordability Today The Three Factors Affecting Home Affordability Today There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by […]
Market Conditions What Are the Experts Saying About the Spring Housing Market? What Are the Experts Saying About the Spring Housing Market? The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best […]
Sellers Home Inspections for Sellers: What You Need To Know Home Inspections for Sellers: What You Need To Know Some Highlights The inspection is a major part of the home selling process. Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again. Let’s connect so you have an expert on your side who […]
Sellers The Big Advantage If You Sell This Spring The Big Advantage If You Sell This Spring Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares: “. . . the big question is whether we are finally starting to see the seasonal spring increase […]
Buyers What’s the Difference Between a Home Inspection and an Appraisal? What’s the Difference Between a Home Inspection and an Appraisal? If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of […]
Buyers Think Twice Before Waiting for Lower Home Prices Think Twice Before Waiting for Lower Home Prices As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social […]

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