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Market Conditions Is the market really crashing? I am sharing this article today because it resonates so well with me.  If you talked with me recently, you have heard me speak to this almost exactly.  We keep comparing our market to last year, which was an anomaly.  2020 and 2021 were years we exceeded so many milestones that will likely not replicate […]
Buyers Realtors look out for your best interests! I came across this article this morning in my email.  It is a reminder of why it is so important to hire a professional to look out for your best interests.  You could hire a lawyer that will require payment upfront or you could hire a real estate professional to represent you through the entire […]
Buyers Mortgage Rates Decrease – Inflation Decelerates Interest Rates have started to curl back!  There were a lot of contributing factors from the financial segment yesterday, but the biggest is the CPI coming in at 7.7%, which is far better than economists anticipated but still too high for the Fed’s liking. The Fed likes to see no more than 2% year over […]
Buyers Is a Buyer’s Market on the horizon? Buyer’s Market May Be Slowly Moving In Buying a home today has become a bit of a blood sport, rife with bidding wars pushing offers well over the asking price as buyers scramble to land a house. It’s been hard, we won’t lie. But every seller’s market does eventually have an end. Now, it appears that in certain areas, the market pendulum might slowly […]
Buyers Who pays for that? Do you know how much an average real estate agent commission is? Or who pays real estate agent fees and closing costs? If you’re scratching your head, you’re not alone: More than half of Americans don’t know what the average real estate agent commission is in their area, according to a report by the Consumer Federation of America. […]
Market Conditions June Market Update Median sales price climbs and number of overall homes for sale rises MINNEAPOLIS (July 15, 2022) — In June, closed sales of homes declined by nearly 14% compared to a year ago, with a total of 9,208 properties sold across the state. New listings were down 6.4% year-over-year even as the total number of homes for […]
Buyers Higher Rates and Short Supply: The State of Real Estate in 2022 The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.¹ But while some had hoped 2022 would bring […]
Buyers Solid bets to beat inflation with Real Estate The annual inflation rate in the United States is currently around 7.5%—the highest it has been since 1982.1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you. Economists expect the effects of inflation, like a higher cost of goods, to continue.2Luckily, an investment in real […]
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