Mortgage rates reached a 7 year high of 5% in 2018. However, we've been on a steady decline in 2019. What do changing rates mean for the Real Estate market? Lower rates mean it is more advantageous to sell and then buy a home....
In the mid-2000s HGTV started broadcasting a seemingly endless variety of remodeling shows. It’s been a while, but remodeling is even more popular today. One reason for this is human nature. Let's be honest, everyone loves the satisfaction of a good before and after picture....
Our government has an endless number of bureaus and departments many people don’t know about or know what they do. For instance, the Office of Policy Development and Research (PD&R) gathers Real Estate statistics. I have picked some of their most interesting findings to share....
There are many variables when listing a home but we do have an average listing timeline for the process. Knowing what to expect can reduce nerves and allow planners to start planning. Here is my break down of the timeline for selling your home....
There are many reasons unemployment rates affect the Real Estate market. But is the effect large enough to make an impact in Minnesota specifically? Not really, and here is why....
We are seeing a fractured market right now. There is low inventory in single family homes from $200,000 - $400,000 and far higher inventory in the $400,000 and above range. The tricky situation with an unbalanced inventory is how intertwined the two sides are....
There are 3 big reasons there is such low inventory. The amount of inventory greatly affects the market. It’s the age old principle of supply and demand. Inventory affects the prices and process of real estate. Prices rise and the process becomes faster paced....
Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now. You can restrict the...
With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008. Recently, five housing experts weighed in on the question....
Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your style? Are you close to retirement and not ready to move yet, but living in a home that is too big in size and maintenance...
