Twin Cities Market Update – July 24, 2020

Mortgage rates continue to hit new lows. This week, mortgage giant Freddie Mac reported that rates on a 30-year fixed-rate mortgage fell to a new record low of 3.03% with an average of .8 points. That is down from 3.07% last week and 3.75% from the same week a year ago. Record-low rates are continuing […]

Join Us In Welcoming New Talent to the Team

Kevin Korbel Agent with RE/MAX Results Kevin was born and raised on a family dairy farm in Lonsdale, MN. Both of his parents worked on the farm, along with his older brother Steve, and his older sister Tracie. From an early age, he learned about the importance of hard work and preparation, with every day […]

Brooklyn Park Coming Soon!

9007 Moorland Chase N, Brooklyn Park, MN, 55443 $349,900 4 beds | 4 baths | 2,150 sqft Nicely updated move-in ready four-bed, four-bath two story in Brooklyn Park! Walk into a living room with abundant natural light leading to a separate formal dining room. Spacious eat-in kitchen with breakfast bar has been updated with granite countertops, tile […]

Thinking of Selling Your House? Now May be the Right Time

Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total housing inventory is down […]

Twin Cities Market Update – July 17, 2020

With healthy buyer demand and constrained supply, showing and offer activity continue to be high with many properties receiving multiple offers. Holiday weeks often provide a short reprieve from the normal busy summer selling season as buyers and sellers take a few days to focus on festivities before turning their focus back to real estate […]

Minnetonka Coming Soon!

5559 Bristol Lane, Minnetonka, MN 55343 $729,900 5 beds | 4 baths | 4,577 sqft Highly desirable one level living in this stunning five-bed, five-bath rambler in Minnetonka! Grand bright vaulted living room with stone gas fireplace and large windows. Separate formal dining room and informal dining in kitchen which features white cabinetry, center island, Corian countertops, […]

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does this mean for buyers? This is huge for homebuyers. Those […]

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We’re excited to share with you, Homebot, a financial dashboard for your home that helps you achieve your financial goals. By signing up for this tool, you will be able to view: • Current and historical estimated market value of your home • Appreciation since you purchased the home • New worth/equity in your home […]