REAL ESTATE The housing market stands at a tipping point after a stunningly successful year during the pandemic PUBLISHED FRI, MAR 12 20217:00 AM ESTUPDATED FRI, MAR 12 20213:43 PM EST Diana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICK No one could have predicted it. Not the economists, not the real estate agents, and especially not the nation’s homebuilders. But a […]
Thomas Slupske
Blog
Is the housing market at a tipping point?
Twin City Region Housing, February 2021
Follow this link to the graphics. As you may have heard, read or seen, the Twin City housing market prices are skyrocketing! How much? Here’s a preview: February 2021 the median price was $300,000, an +8.3% increase February 2020 the median price was $277,000 February 2019 the median price was $260,000 February 2018 the median […]
Lease with option to buy
Starting 3/9/2021, Home Partners will purchase homes priced up to $500,000 in Minneapolis! I represent two different companies that will purchase a house for you, you lease for 1, 2 or 3 years with the option to buy after each year. The purchase price, terms and downpayment are established, these companies may even do some updating […]
Taxes in Minnesota to increase again
Did you know that the Minnesota legislature has proposed tax increases when you buy or sell a house? HF-639, a bill that would authorize new $25 surcharges on both the mortgage registry and deed taxes. Authored by Rep. Rick Hansen (DFL-South St. Paul), the legislation would add to current mortgage registry taxes, deed taxes, […]
The top 5 metros ranked by millennial homebuying popularity
A recent report by LendingTree analyzed mortgage requests and offers in 2020 for borrowers across the 50 largest metros. The report ranked the metros by the percentage of total purchase mortgage requests received. The report found that millennials made up at least 50% of purchase mortgage requests in most metros. The top 5 metros ranked […]
Thoughts on the current crazy Twin Cities Housing market.
Well, the crazy trend in the housing market continues. During my 43+ years in the real estate business, I’ve never experienced such a crazy market, no one has. I hear similar reports from all my Realtor friends about how they too are experiencing 10, 20 and even 30+ multiple offers on listings. Offers are $25,000 over […]