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Staging Your Home to Sell for More $$$

How to stage your home to sell, even with kids and clutter underfoot Michele Lerner, Special to USA TODAYPublished 6:01 a.m. ET July 22, 2019 | Updated 7:12 p.m. ET July 22, 2019 We’ve all seen those immaculate homes on HGTV with freshly painted walls, supremely organized closets and not one item out of place. But […]

Rent-To-Own

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 […]

Fed’s Interest Rates affect Mortgages

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 […]

Waiting for the next housing bust? Read this first.

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 […]

RE/MAX Results, my company

 

Expensive to buy a new house right now.

It’s expensive to buy a new house right now. Quite expensive, historically speaking. The median sale price of a new home in the U.S. has climbed pretty steadily since 2011. At more than $320,000 for the last three years, the median new home costs more than twice as much as it did in 1970 (accounting […]