In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how rates are hitting…
Tag Archives: Twin Cities Real Estate
10
Nov
Nov
The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association of…
23
Oct
Oct
How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time to be in one…
30
Jul
Jul
The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. Ivy Zelman’s Real Estate Broker Survey The survey explains that purchaser demand remains strong: “This month’s overall homebuyer…
07
Jul
Jul
This charming listing had a lot of potential from the beginning—a large yard, a clean basement that could be easily finished for more square footage, excellent location, and ample garage space. We listed this house two times for the seller, with starkly different results…
10
Mar
Mar
The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident…
Twin Cities Parade of Homes Blog I was able to visit the Remodelers Tour today! It is going on all weekend so don’t miss your chance to see some wonderful ideas for your next remodeling project. They have a directory of projects listed so you can map out which projects interest you. http://www.paradeofhomes.org/directory/remodelers This blog…