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The Latest Update on Home Prices

The Real Estate Update! Let’s break down the latest on home prices. Why Are Prices Up? Limited supply and high buyer demand are keeping home prices elevated. Fewer homes on the market mean more competition. Interest Rates & Inflation Interest rates have fluctuated but remain low compared to historical averages, sustaining demand. Meanwhile, rising construction

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The Real Story Behind What’s Happening
with Home Prices

If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move. As a buyer, you might be worried about paying more than you should. And if you’re thinking of selling, you might be concerned about not

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The Surprising Amount of Home Equity You’ve Gained over the Years

There are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here

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Latest Trends in the Luxury Home Market:
What You Need to Know

https://youtu.be/Bnc__jfk6ok Are you thinking about buying or selling a luxury home in Minneapolis, the Twin Cities, or surrounding areas like Plymouth? Understanding the current trends in the local luxury real estate market is essential for making smart decisions. Here’s a quick overview of what’s happening.   High Demand, Low Inventory in Twin Cities Luxury Homes

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Twin Cities September Stats for Home Markets

As of mid-September, we’re seeing buyers get more aggressive with 21% of inspections waived and 18% of cash offers. Conventional loans are down slightly, but VA loans are trending upward. Homes are selling close to list price, with a 99% average sale-to-list price ratio. Sellers are offering fewer perks, with 28% contributing to buyer closing costs and 7% including home warranties. Escalation clauses and

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Mortgage Rates Drop to Lowest Level in over a Year and a Half

Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s

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