Click Here to see the Latest Update
Tour the Urban Oasis
Should You Remodel or List Your Home For Sale?
Just like anything that gets a lot of use, homes show wear and tear after a few years. Certain color schemes and decorative styles begin to look outdated. And there are some improvements that you may have put off as a new homeowner that you can afford to do now.
Some market conditions are in your favor — interest rates are still extremely low and below where they were a year ago and the economy is improving, so you’ll likely get much of what you spend to improve your home back when it comes time to sell.
The question to answer is this: If you improved your home the way you want, would you want to stay in it for a few more years, or are you ready for a complete change?
Click Here to Learn More
Happy Thanksgiving!
Toffee, Chocolate, and Orange Cookies
Get the Recipe: http://www.FoodNetwork.com/ToffeeCookie
Weekly Activity Report- November 24th, 2014
Consumers are already starting to lean toward 2015, so let’s look ahead ourselves before we hit the weekly tabulations. With virtually no inflation to speak of, interest rates should remain low for the foreseeable future but could flirt with 5.0 percent toward the end of next year. Both new and existing inventory levels should rise – which is more of a continuation than a new development for many communities. Prices are also expected to increase but not by much, which should help first-time buyers. Job growth is likely to continue, and wage growth is expected to pick up.
In the Twin Cities region, for the week ending November 15:
• New Listings decreased 14.5% to 857
• Pending Sales decreased 1.6% to 749
• Inventory increased 3.5% to 16,692
For the month of October:
• Median Sales Price increased 6.7% to $208,000
• Days on Market decreased 4.0% to 72
• Percent of Original List Price Received decreased 0.6% to 95.2%
• Months Supply of Inventory increased 13.5% to 4.2
VIEW FULL REPORT
Don’t Assume You Can’t Get A Mortgage Loan
Among survey respondents purchasing a home, 58 percent were first-time home buyers, yet only 29 percent of homebuyers in the last three months were first-timers, according to the National Association of REALTORS®. The percentage of first-time homebuyers has been less that 30 percent for 17 of the past 18 months. The reason the number is significant is that it’s well below the long-term average of 40 percent.
Click Here to Read More
Monthly Skinny-November 2014
Monthly Skinny – October 2014
Weekly Market Activity Report-Nov 17,2014
As fall finally goes dim, winter emerges as the prevailing wind through the marketplace. While optimism serves as a white rose through this phase, moderate unemployment rates have given pause to overabundant optimism. All the same, the desire for homeownership remains high among those willing to absorb some risk while attracting enthusiasm.
In the Twin Cities region, for the week ending November 8:
• New Listings decreased 2.8% to 1,104
• Pending Sales increased 2.0% to 826
• Inventory increased 4.1% to 16,972
For the month of October:
• Median Sales Price increased 6.7% to $208,000
• Days on Market decreased 4.0% to 72
• Percent of Original List Price Received decreased 0.6% to 95.2%
• Months Supply of Inventory increased 13.5% to 4.2
View Full Report