July brought another month of Calm Stability for home Prices and Interest Rates Is the Rollercoaster Ride Over for the Twin Cities Housing Market? It’s August and you know what that means. It’s almost time for the Great Minnesota Get Together, the State Fair. Food on a stick, rides, music, and the best people watching you’ll get all year. If you’re looking for some excitement to end your summer,...
Home Prices are rising again, and inventory is falling Twin Cities Real Estate Market Update July 2023 New listings are down. Home prices are rising. And interest rates have climbed back above 7 percent. In my real estate market update for July, I look at how these trends are impacting homebuyers and home sellers in the Twin Cities. https://youtu.be/VLmcI7VndqQ It’s July already, and we’re more than...
The Step up program helps move-up and repeat homebuyers Get Money for Your Downpayment (Even if You Already Own a Home) Have your needs outgrown your current home? Maybe it’s too big now that you have an empty nest, or too small after a new arrival. Maybe it was never a great fit. Whether was your starter home or the home you raised your family in, it no longer fits your needs. It’s time for a...
Twin Cities Real Estate Market Update for May 2023 Twin Cities Home Prices Stay Steady in May It’s already summer, at least if you look at the thermostat. The first week of June and we’re already seeing 90s. What happened to Spring? And what happened to the spring housing market? It looks like the market is going to be a late bloomer this year, what with inventory shortages and interest rates...
Lorem ipsum dolor sit amet, consectetur adipiscing elit. What Homebuyers Want (and Home Sellers Need to Know) In this seller’s market, you might think that all you need to do to sell your home is put a sign in the yard.But today’s homebuyers are pickier and savvier than in the past. They know what they want, and they are willing to walk away from any home that doesn’t have the right stuff.If...
Will the Spring Market Bloom or Bust? Twin Cities Housing Market Update May 2023 It's finally spring here in the Twin Cities. After a long, cold slog of a winter, there is green grass and tulips!We are seeing some signs of spring in the housing market, too, although not as much as we had hoped.This month, I look at the Twin Cities housing market trends from April and look at some historical data...
How to Use the Equity in Your Home to Buy a Home in Retirement Whether you’ve just retired or you’re just thinking about retiring, you may be dreaming about the next stage of your life. You’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach age (65) every day in the US, and fewer than half of the people in that generation have already...
April 2023 Twin Cities Housing Market Report The Spring Market Begins to Bloom https://youtu.be/zricAaEqpxA The number of new home listings that came to market in March was more than double what we saw in December, a season increase after a long Minnesota winter. But the promise of the spring market is tempered by a shortage of homes for sale and higher interest rates, Good News Bad News When it...
Assessed Value, Market Value or Zestimate How Much is My Home Worth? Every year when property tax valuation notices hit people’s mailboxes, I start getting a lot of questions from homeowners about the difference between assessed value and market value, and why neither of these things seem to have anything in common with their Zestimate, the amount Zillow says their home is...
What's happening in the Real Estate Market? Twin Cities Housing Market Update March 2023 There’s some interesting stuff happening in the housing market this March. In this month's update I talk about three of those things. One, what’s happening with home prices in the Twin Cities 7-county metro; two, what’s happening the inventory of homes for sale; and, three, what’s happening with days on...
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