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The housing market is constantly in the news; are we headed for a recession, or will home prices continue to increase? What about interest rates? Are you better off buying now or waiting until mortgage rates come down? How does inflation affect home prices and interest rates? Will home buying get more difficult or easier? […]

Delaying your home purchase in anticipation of price drops might negatively impact your opportunities. Regardless of the metric used to gauge house prices, expectations indicate an increase this year. Better call Tom to chat about your home needs.

Will interest rates stabilize or decrease? Will house prices increase or decrease? Should you buy or sell now or wait? To begin, let’s delve into some background information. In 2023, the US economy experienced growth, primarily driven by a reliance on consumer credit card debt and heightened government spending. The national debt has surpassed $34 […]

        Week of   8/28 – 9/2 Sept 8 Sept 15          Sept 22   Sept 29   September Inspections waived 27% 19% 26% 22% 25%   Pre-MLS sales 3% 2% 4% 5% 3%   Financing:             Cash 17% 18% 21% 22% 24%   Conventional 68% 67% […]

Market Insights for August 18th, 2023 What’s happening in the Twin Cities Real Estate Market? ?? These insights are provided by our team. August 1st – August 18th: Fully Accepted Offers Inspections waived 27% Pre-MLS sales 4% Cash 16%, Conventional 67%, FHA 13%, VA 2% The average purchase-to-list price is 100.9%, Median purchase-to list price is […]

How are homes in the Twin Cities purchased? Here is information that will help you become a wiser buyer and help you get the home you want. Around 25 years, or so ago, almost 2/3rds of all buyers used FHA financing. Today that percentage has plummeted to around 5%. Conventional financing now accounts for 66% […]