Multiple Offers in November?

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In the past week, our team has again experienced multiple offers – wait, isn’t the Real Estate market supposed to be slowing down this time of year?  Well, yes and no.  Historically, less homes come on the market in November and December: Over the past 3 years we have seen that trend continue.  However, the Read More

Housing Market: Then and Now

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35 years of data is a lot to handle, especially when it comes to the housing market.  The National Association of Realtors (NAR) has been surveying and compiling data for a while now and release an annual report right around Halloween.  NAR gave us a quick snapshot of trends: First-time homebuyer participation is depressed Real Read More

Why millennials are the future of real estate

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In article just published on Inman by Andrea Brambila, Zillow recently released the results of a 160-question survey of 13,000 homebuyers, home sellers, homeowners and renters.  Take a look: Article from: http://www.inman.com/2016/10/18/zillow-group-millennials-future-real-estate/ BYANDREA V. BRAMBILA STAFF WRITER Key Takeaways Zillow Group has released the results of a 160-question survey of more than 13,000 homebuyers, home sellers, Read More

2016 Election and its Effect on the Housing Market

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The 2016 Presidential Election has been anything but normal and regardless of who is elected into office, people are wondering what will happen to the housing market.  We wanted to spend some time looking to the past in order to have a better understanding of housing trends during election years. Uncertainty = Conservative Behavior When Read More

Where has all the inventory gone?

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Fall is in the air – leaves are changing colors, Vikings are 3-0 (who would have thought that?) and homes are in multiple offers…Wait, what?  Yes, we are still seeing multiple offers on homes rather frequently.  How could that be?  For starters, when reviewing the most recent numbers from the St. Paul Area Association of Read More

How Not to Price a Home

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Some homeowners want to price their home for up to $30,000 higher than market value. They think by pricing the home higher, they leave room for low-ball offers. This thinking in theory is sound, but in reality, it doesn’t offer the results you’d expect. Statistically, a home that is well priced will sell more quickly Read More

The 5 Undeniable Benefits of Owning a Home vs Renting

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The 5 Undeniable Benefits of Owning a Home vs Renting There are definitely times in life when renting makes sense, but the advantages and benefits of owning a home far outweigh renting.  There are five primary advantages for owning a home. First, Stable Housing Costs Rent payments are so unpredictable and typically rise annually, but most Read More