Posts from: Sellers
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The spring market is here!The two most important things happening in the real estate market surrounding Lake Nokomis.1) the median price for a home stayed flat at $370,000 up 3.8% from last March.2) the median time to sell a home fell dramatically to 7 days. There are only…
Interest rates jumped nearly .5% since the beginning of the year.What's going on and what does it mean for buyers and…
80% of the new listings that hit the market last week have already sold. This is the highest percentage we've seen so far in 2024. Buyer demand is up and inventory remains very low.If you are thinking of selling in 2024, now is the time to make a…
Check out this great house close to light rail, shops and restaurants in South Minneapolis. Visit - https://www.nokomisreco.com/3701-24th-ave-s/ for more…
Mortgage rates dropped to the lowest level in 4 months and we should continue to see them drop as inflation numbers improve.
This is great news for buyers AND…
Mortgage rates fell for the 4 week in a row. This is great news for the upcoming spring market. Check out the vid for my thoughts about when to sell in 2023. …
Mortgage rates dropped below 5% for the first time since April. This is great news for both buyers and sellers.For buyers - the payment on a $300k mortgage is now $200 cheaper than at the peak in June.For sellers - the lower rates stay, the higher buyer demand and…
New mortgage applications dropped to a 22 year low this week. What does this mean for the housing market?For buyers it is good news. There will be less competition over the next few months.Sellers need to up their game and make sure their home is presented, marketed,…
The Fed just raised the short term borrowing rate by .5%. The highest rate hike since 2000.
How will mortgage rates be affected and what should buyers and sellers be thinking…
Inflation rose 8.5% in March.
Is real estate a good hedge against…
Big rate drop over the past week! This is great news for buyers AND sellers.
Rates are expected to remain low for the next couple of months. Make a plan to take…
