Home sales are expected to rise by around 10% in 2021. Home prices will also climb, but more moderate increases should help first-time buyers get into the market. Mortgage rates will continue to be favorable, staying at near historic lows of 3% on average. Predictions by Lawerence Yun, Chief Economist and Senior Vice President of […]
Thomas Slupske
Blog
2021 Home Sales Prediction
How was 2020 for real estate in the Twin Cities?
How was 2020 for real estate in the Twin Cities? January 2020, the median home price for the Twin Cities was $270,000. The year-end experienced home prices of $307,000, a whopping 10% increase. https://northstarmls.stats.10kresearch.com/…/s-v1/q3xU-YUx Did all areas have similar growth? What about all styles, single-family, townhomes and condos? How was your city? Your neighborhood? Are […]
What Does Homeownership Mean to You?
Owning a home is much more than just a building or a house. A home means independence, growth, happy times, and a place to share with family and friends. Homeownership is a particular challenge for many, but many Americans believe there are many benefits to homeownership. A large share of buyers says the process is too challenging and only a […]
Home Sales Inspections – What To Expect
Many communities have mandatory point-of-sale inspections. Check if your city requires. Almost ALL buyers make their offer contingent upon a home-Inspection. The Minnesota Department of Health strongly recommends that ALL homebuyers have an indoor radon tests performed prior to taking occupancy and recommends having the radon levels mitigated if elevated radon concentrations are found. Elevated radon concentrations can be reduced by a qualified, certified or licensed radon mitigator. MN.GOV/RADON NOTE: Even townhomes, without basements, […]
Pricing Strategy for Home Sales
If you’ve ever watched the show “The Price Is Right,” you know the only way to win the game is to be the one to correctly guess the price of the item up for bid without going over. Three price strategy Less is More: Price slightly below market value increases the visibility of your listing and drive more buyers your way. This means more […]
Debunking Common Selling Myths
But I need $xx or I cannot afford to sell. To be blunt, ‘need’ is not a factor to establish value. All we need is that one buyer who appreciates this home as much as we do. Most people’s home is special to them, so many people feel their house is worth more than their neighbors’. Who influences the buyer […]