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IS THE HOT REAL ESTATE MARKET GOING TO LAST IN 2022?

What we can expect to see is more choices for buyers as inventory rises. In the last year and a half, we’ve seen what could be the hottest real estate market of our lifetime. But we can all agree, or hope, that the factors leading up to that market won’t be repeating themselves anytime soon. While […]

TomsTIPS: THE 5 BIGGEST REAL ESTATE QUESTIONS FOR 2022

1.            IS THE HOUSING MARKET GOING TO CRASH? 2.            WILL THERE BE A WAVE OF FORECLOSURES AS FORBEARANCE ENDS? 3.            IS THE REAL ESTATE MARKET GOING TO LAST? 4.            WITH PRICES SO HIGH, ARE HOMES STILL AFFORDABLE? 5.            WHAT WILL HAPPEN WITH THE 2022 MARKET?

WHAT WILL HAPPEN WITH THE 2022 HOUSING MARKET?

If I’ve learned anything during my 45 years in real estate, it’s that we can’t predict the future. If I could, I would be spending a lot of time in Las Vegas or with the NY Stock Exchange. We can, however, project it based on what the economists are saying. With industry experts anticipating more […]

TomsTIPS: Goodbye Open Houses

Goodbye Open Houses, Hello TikTok Tours? How Homes Get Sold Now Are you planning to buy or sell a home soon? Here are some of the new marketing strategies you might encounter along the way. I’m proud to be a full-time professional Realtor for many years, so with that experience, you might say I’ve been […]

FHFA’s new loan limits

Check out the new upper limits for FHA mortgages. “FHFA Announces Maximum Conforming Loan Limits for 2022,” Federal Housing Finance Agency, November 30, 2021. Conforming loan limits on single-family units will rise to $647,200 from $548,250 in most of the country on January 1, 2022. That is an 18.0% increase. Of the nation’s 3,142 counties […]

Housing Inventory hits an 18-year low.

Tight market pushes home prices to new record high in Twin CitiesApril 16, 2021 Tags: Market Data Inventory Hits An 18-Year Low With Buyers Competing For Fewer Listings (April 16, 2021) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, the median price of a home in the 16-county […]