Creeping interest rates are cause for pause, readjustment of expectations when it comes to home buying

There was hope of relief in 2022 for prospective homebuyers. But a survey forecasting the outlook for homeowners in 2022 reveals 26% of people would be less likely to buy a home this year because of rising interest rates.

Great Tips For Finding The Perfect Home For Entertaining

If you love to entertain your friends and extended family, then you need to find the perfect home that gives you space for everyone to move about and enjoy numerous activities. If you are planning specifically to find a home to buy or rent for entertaining, then you will want to find one with specific details. Presented by Semira Mundt of Edina Realty, here are some tips for what to look for in your perfect home.

Your starter lake home: How to save money on your first waterfront property

Your starter lake home: How to save money on your first waterfront property Key insights: If you want to be near the lake but don’t need to be on the waterfront, a lake access home could be a viable — and cheaper — option. Broadening your criteria may help you find more affordable listings. In … Read more

February 2022 Market Insights – Minnesota Real Estate

February 2022 Market Insights Individual circumstances are more important than current mortgage rates Key insights from January 2022 (compared to January 2021)* New listings: 3,605 | -11.5% Median sales price: $332,500 | +10.4% Closed sales: 3,020 | -10.4% Pending sales: 3,170 | -11.7% Days on market: 41 | -2.4% Inventory: 4,221 | -24.2% Months’ supply: 0.8 | -20.0% Pricing, pace of sales … Read more

October 2021 Market Insights

October 2021 Market Insights Key insights from September 2021 (compared to September 2020)* New listings: 7,238 | -8.6% Median sales price: $341,750 | +10.2% Closed sales: 6,304 | -5.9% Pending sales: 5,590 | -14.4% Days on market: 23 | -37.8% Inventory: 8,306 | -15.6% Months’ supply: 1.5 | -21.1% September market remains historically hot as metrics continue slow swing toward balance The … Read more