Archive for August, 2021

The Difference in Net Worth Between Homeowners and Renters Is Widening

Monday, August 30th, 2021

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role owning a home plays […]

What Do Experts Say About Today’s Mortgage Rates?

Monday, August 23rd, 2021

What Do Experts Say About Today’s Mortgage Rates? Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry […]

Twin Cities Housing Market Update – for the week ending July 31, 2021

Wednesday, August 11th, 2021

The percentage of first-time home buyers fell to 31% in June, the lowest level in more than 3 decades, according to the National Association of REALTORS®. Cash offers, bidding wars, and soaring home prices are making it increasingly difficult for first-time buyers to compete in a market with record low inventory and declining housing affordability, […]

Mortgage Rates have Dropped again! Time to Refinance!

Wednesday, August 11th, 2021

Ready To Sell, but Don’t Know Where You’ll Go?

Wednesday, August 11th, 2021

Some Highlights If you’re thinking of selling your house but don’t know what you should buy, you have options. Existing homes offer a wide variety of home styles, an established neighborhood, and lived-in charm. Meanwhile, new home construction lets you create your perfect home, cash in on energy efficiency, and minimize repairs. Whether you’re looking for newly built or existing homes, both […]

Sellers: Make Today’s Home Price Appreciation Work for You

Wednesday, August 4th, 2021

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading industry experts […]