Lower Rates May be Coming for Investment and Second Homes

Earlier this year, the Federal Housing Finance Agency made a new rule that limited Fannie Mae and Freddie Mac’s ability to purchase second home and investment property loans. As a result, interest rates and fees increased on those mortgages. The new rule has been paused while the FHFA reviews the ruling. The rule affected theContinue reading “Lower Rates May be Coming for Investment and Second Homes”

The Main Key To Understanding the Rise in Mortgage Rates

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac,Continue reading “The Main Key To Understanding the Rise in Mortgage Rates”

Reasons Why Waiting a Year To Buy Could Cost You

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourselfContinue reading “Reasons Why Waiting a Year To Buy Could Cost You”

Want to be Happier? Surround Yourself with Pictures!

Today it is easier than ever to take lots of photos and has become the biggest way of documenting our lives. The ease with which we can take pictures and upload it to our computer, Facebook, Instagram, or some other application makes us rely heavily on those applications to preserve our precious photos.  Maybe weContinue reading “Want to be Happier? Surround Yourself with Pictures!”

Top 5 Fall Activities in MN

There’s no denying it, Minnesota is one of the absolute best places to be in the fall. So let’s break it down, what are the best activities you can do this fall to enjoy every minute of it before winter! Here’s what we think, let us know what your favorite activities are! 1) Apple OrchardMinnesota,Continue reading “Top 5 Fall Activities in MN”

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation (national): The HouseContinue reading “Home Price Appreciation Is Skyrocketing in 2021. What About 2022?”

St Louis Park – More Affordable Than You Think  

The City of St. Louis Park has implemented several programs to encourage people who work in the city to be able to live in the city as well. These programs are designed to help employees find a home near their job, producing the benefits of reduced commuting time, and increasing a stronger feeling of community. Continue reading “St Louis Park – More Affordable Than You Think  “

“Love Letters”: Love it or Leave it?

Did you know that September 1st is World Letter Writing Day? Now you do! While picking up a pen and paper to write to a friend, family member, or pen pal is largely outdated, there is still a meaningful impact a handwritten note can make. Taking the time to write out your thoughts and feelingsContinue reading ““Love Letters”: Love it or Leave it?”

25 Fascinating Facts about Real Estate!

With the proverbial “Dog Days of August” in full swing, the dawning realization that summer is nearing its too soon end and a general personal malaise in discussing current trends and statistics about real estate, inflation and interest rates, let’s take a break and just explore some random and entertaining fun facts about real estate!Continue reading “25 Fascinating Facts about Real Estate!”

“We Buy Houses for Cash”, What Does That Mean?

These signs seem to have popped up everywhere, along the sidewalks, billboards, in your mailbox, you name it. If you own a rental property, you are probably also receiving daily postcards, calls and texts asking if you are interested in selling the property for a cash offer. Seems too good to be true, right? Here’s howContinue reading ““We Buy Houses for Cash”, What Does That Mean?”