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To say 2020 was a year of surprises is an extreme understatement. What started off as a bright year for the housing market and the economy was soon derailed by a global pandemic and severe economic recession. As detailed by my colleague, George Ratiu, the economic rebound has been sharp, but is by no means complete […]

Certainly, Covid is a game-changer. The most important questions a home seller asks are: What’s my house worth? What will you do for me? With Covid and all those buyers walking through my house, is it safe? Allow me to answer #3. Realtors are implementing state and local regulations as a top priority and taking […]

Hennepin County residents who have been financially harmed by COVID-19 may qualify for emergency assistance to help with rent and other housing costs. https://www.hennepin.us/rent-help https://www.facebook.com/minnesotahousing/photos/a.115375835207029/3577131665698078/ Get In Touch Tom Slupske Realtor | Broker-Associate   Office: 763-235-7090     |   Text: 612-688-2030   |  email: tom.slupske@results.net RE/MAX Results Office Hours 9:00 a.m. – 8:00 p.m. Monday – Thursday 9:00 […]

U.S pending home sales fell 1.1% in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% compared to a year ago. Read more here 

FHFA increases maximum conforming loan limits for 2021 The Federal Housing Finance Agency (FHFA) recently announced plans to boost conforming loan limits in 2021 and the housing industry is buzzing. In response to rising property values across the US, the FHFA will increase the baseline for single-unit home mortgages acquired by Fannie Mae and Freddie […]

Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.  What happens when the supply is low and the demand is high? A seller will always negotiate the best deal when demand is high and supply […]