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Consider a rent-to-own deal; it’s sorta like test driving a house before you buy. Rent-to-own home agreements are not common, but they do happen. Rent-to-own, or lease-option, agreements give buyers the right to buy the home before the lease expires. This can be helpful for buyers who are not financially ready to buy a home but […]

How the Fed’s interest rate decisions affect mortgage rates What will happen to long-term fixed mortgages Keep in mind that the federal funds rate does not directly affect long-term fixed-interest mortgage rates; those rates are pegged to the yield of U.S. Treasuries, which are set by market forces. “Mortgage rates are so low today because […]

10 real estate agent myths outsiders believe If you’re thinking about becoming an agent, have a clear view of what it’s like, so you can start out on the right foot. From the outside looking in, the reality of what real estate agents do and what we are like is often quite different than the perception consumers […]

A newly released report from the Family Housing Fund says the cost of housing in the seven-county Twin Cities region is higher than cities like Austin, Texas; Nashville, Tenn.; and St. Louis. The report also says the region is on a trajectory to becoming as expensive as Denver or Seattle. The report, which analyzed data from the […]

Most home sellers know the importance of keeping their house clean and clutter free while it is on the market, but sometimes, taking a few extra steps can make all the difference. That is where staging comes in. According to a report from the National Association of REALTORS®, 62 percent of seller’s agents say that […]