Real Estate News

5 Ways to Invest in Real Estate

Real estate investing is on the rise. Here are five different ways you can get involved.
 
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Investing in real estate is no longer restricted to the super wealthy. According to a recent survey, real estate investors now make up 15% of the population. That translates to almost 50 million individuals who invest in at least one property...

What’s Happening With the Twin Cities Metro Market?


What do the numbers for spring real estate in the Twin Cities metro area tell us about our market? We’ll answer that for you today.

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What’s going on with the spring real estate market in the Twin Cities metro area?

The spring market is fully underway and buyers are very active in the marketplace. However, the number of listings coming on to the market isn’t great. There’s actually 3.5% less inventory compared to this time last year. The number of sales taking place, however, is similar to last year.

We’re seeing lower inventory and competitive buyers. In 2016 there were about 12,200 homes on the market and we’re around 10,000 right now. Last year we were talking about inventory being historically low and now, it’s even lower. That low inventory has caused a rise in the median sale price. A year ago the median price was $220,000, and right now it’s $237,400. That’s a 7% increase from last year.

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The Keys to Successfully Buying in a Seller’s Market


Being a buyer in a seller’s market can be tough. Here’s how you can accomplish your goals more easily.

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It’s tough to be a buyer right now in our aggressive seller’s market. The best houses are receiving multiple offers and selling within days. In the $150,000 to $300,000 price range, the market is especially aggressive. So, how do you compete as a buyer?

It all comes down to preparation in a number of different areas....

Thanks to our wonderful clients!



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As you may already know, we recently hosted a client appreciation event at Base Camp in Fort Snelling. There were too many people to thank individually who made 2016 such a wonderful year for us, so we threw a party.

We had a bouncy castle and slide, a ropes course, a climbing wall, an archery range, magician, and plenty of other games and entertainment for all the families that came. We were honored to be able to give back to so many people, and we can’t wait to be able to do it again soon.

If you were there, we were glad to have you. If you weren’t able to make it, ...

What's in Store for the Twin Cities Market in 2017?


Today we wanted to bring you a quick recap of what we saw in the Twin Cities market in 2016 and also give some predictions for the market going forward in 2017.

Last year ended up being a great one in our market, going from an average of having around 15,000 homes on the market at any given time in 2015 to about 13,000 in 2016. That's a 16% drop in the amount of homes for sale in our market. This low inventory led to a big decline in the average days on market for a home, from 41 in 2015 down to 33 days in 2016.

Homes are simply selling much faster, and that's fantastic.

As you might expect, both of these factors have led to an increase in median sales price. It's up just over 5% to about $232,000 for the median sales price in our market. When we think back to that 12-month period around 2011 when our market was at its lowest point, there were about 36,000 home sales. Over 50% of those were lender-mediated,...

Twin Cities Real Estate Market Update


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At the beginning of the year, we predicted that the Twin Cities real estate market would continue to improve throughout the year, and we’re seeing this improvement in real time with many of our sellers getting multiple offers on their homes within just a few days on the market.

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What Does a Seller’s Market in the Twin Cities Mean for You?

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What is a seller’s market, and how does it affect you as a seller or buyer? With the Twin Cities market currently in a strong seller’s market, it’s crucial you know exactly what it means for you. There are a few signs that a given market favors sellers:

  • Diminished inventory of homes for sale in the area.
  • ...

Are We in a Buyer's or Seller's Market?

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Today, we'll discuss the current state of the Twin Cities real estate market. It is important to have historical context when talking about current real estate trends so that you can understand exactly what is happening in the market.

For instance, we consider it to be a balanced market when we have somewhere between 21,000 and 23,000 listings on the market. Right now, we have 17,000 listings. We all remember the market crash. At the peak of the market, we had 35,000 listings. As you can see, we are significantly down from the peak, and we're below the balanced market rate. Right now, with our low inventory, sellers do have the upper hand.

Now, let's look at pricing. January 2012 was the bottom of the market with a median sales price of $140,000. At the peak in...

Mortgage Loans for Doctors

Special Loan Program for Doctors

There is a new mortgage loan program available for medical physicians (MDs) and even residents and interns!  While most traditional mortgage loan programs require 20% down payment if you want to avoid paying mortgage insurance, this new loan program for qualifying Doctors offers down payments as low as 5% with no mortgage insurance.  In addition, this program offers loan amounts up to $1,000,000 and even as high as $1,500,000 with a 10% down payment.

This is a great new program and here is where you can find more information about the Preferred Doctor Program.

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Twin Cities Market Update Week Ending February1, 2014

As we emerge from the seemingly never ending polar vortex, the real estate market is beginning to show signs of life.  The most recent market stats continue to favor home sellers with lower inventory and higher median sale prices.  Here is a breakdown of the year over year stats for a few key categories:

  • New Listings: DOWN 16.9% over last year.
  • Homes for Sale (inventory): DOWN 9.1% over last year.
  • Median Sale Price: UP 12.4% over last year.

To give a little more context to this information, there are just under 12,000 homes for sale in the Twin Cities right now and last year at this time there were just over 13,000 home listings and those following the real estate industry were noting at that time that the overall listing inventory was exceptionally low...and now it is even lower.  The lack of available homes is causing median and average sale prices to increase.  If you would like more information about the market stats in your area, please visit our Twin Cities Market Statistics page for additional information that is updated daily.

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