Posts Tagged ‘Lake Elmo’

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

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 […]

Pre-Approval Makes All the Difference When Buying a Home

Thursday, July 1st, 2021

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a […]

Is the Real Estate Market Finally Returning to “Normal”?

Wednesday, April 28th, 2021

Don’t Be Fooled by Remarkable Real Estate Headlines Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases. While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain […]

Secure a Low Mortgage in Minnesota today!

Wednesday, April 21st, 2021

Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they’ve missed the chance to score a great rate on their next mortgage. In reality, there’s still time to secure a […]

$82,338 Great Reasons to Buy a Home Today in Minnesota

Wednesday, April 21st, 2021

82,338 Great Reasons to Buy a Home Today The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. Most experts are calling for home prices to continue appreciating over the […]

A Message from The Smith Team – Twin Cities Housing Market | Mortgage Rates and Purchasing Power

Friday, April 2nd, 2021

Twin Cities Mortgage Rates – Buyer’s Purchasing Power

Friday, April 2nd, 2021

Thanks to low mortgage rates, the spring housing market’s in bloom for buyers “Monthly payments have remained manageable despite soaring home prices because of low mortgage rates. In fact, monthly payments remain below the $1,250 to $1,260 range that we saw in both fall 2018 and spring 2019, but they are on track to hit […]

New Twin Cities Housing Market Statistics | For the week ending in March 13

Monday, March 29th, 2021