Certainly, Covid is a game-changer. The most important questions a home seller asks are: What’s my house worth? What will you do for me? With Covid and all those buyers walking through my house, is it safe? Allow me to answer #3. Realtors are implementing state and local regulations as a top priority and taking […]
Thomas Slupske
Blog
During Covid, is selling a house safe?
Emergency housing assistance due to COVID-19
Hennepin County residents who have been financially harmed by COVID-19 may qualify for emergency assistance to help with rent and other housing costs. https://www.hennepin.us/rent-help https://www.facebook.com/minnesotahousing/photos/a.115375835207029/3577131665698078/ Get In Touch Tom Slupske Realtor | Broker-Associate Office: 763-235-7090 | Text: 612-688-2030 | email: tom.slupske@results.net RE/MAX Results Office Hours 9:00 a.m. – 8:00 p.m. Monday – Thursday 9:00 […]
Rising home prices take a toll
U.S pending home sales fell 1.1% in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% compared to a year ago. Read more here
Loan limits for 2021
FHFA increases maximum conforming loan limits for 2021 The Federal Housing Finance Agency (FHFA) recently announced plans to boost conforming loan limits in 2021 and the housing industry is buzzing. In response to rising property values across the US, the FHFA will increase the baseline for single-unit home mortgages acquired by Fannie Mae and Freddie […]
Wait until Spring to sell?
Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory. What happens when the supply is low and the demand is high? A seller will always negotiate the best deal when demand is high and supply […]
Housing Affordability Declines
November 13, 2020 By: Michael Hyman At the national level, housing affordability declined in September 2020 compared to a year ago but rose compared to August, according to NAR’s Housing Affordability Index. Affordability increased in September compared to August as the median family income rose by 2.3% while the median home prices rose by 15.2%. The […]