Is there “ Normalcy Bias” with Mortgage Interest Rates?

If you look up the term “normalcy bias,” you find yourself swimming in psychological theoretician talk, most of which deals with people’s response to disastrous situations. The theory behind it is that when faced with the unknown, there is a tendency among even rational human beings to misconstrue new (and even dangerous) circumstances as being more normal and safe—than is ...READ MORE
By team - Nov 23, 2016

4+ Reasons to Call Real Estate Investments

When you see any title containing the words “Real Estate Investment,” you won’t be terribly surprised if the response turns out to be what a good idea! When you’ve had the experience of seeing clients succeed with many real estate investment projects, it’s an unavoidable conclusion. Unfortunately, also not looked at seriously by many. That’s why I was ...READ MORE
By team - Nov 22, 2016

The Past, Present & Future of Home Prices

CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months. Here are state maps for each category: The Past – home appreciation over the last 12 months The Present – home appreciation over the last ...READ MORE
By Admin - Oct 19, 2016

Do You Know the Cost of Renting vs. Buying?

Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own! READ MORE
By - Oct 18, 2016

Don’t Disquality Yourself… Over Half of All Loans Approved Have a FICO Score Under 750

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania, revealed that many Millennials have not yet considered purchasing a home, simply because they don’t believe they ...READ MORE
By Admin - Oct 18, 2016

The Role Access Plays in Getting Your House SOLD!

So you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and they have asked you what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing and Price. There are many levels of access that you could provide to your agent ...READ MORE
By Admin - Oct 18, 2016

Appraisers & Homeowners Don’t See Eye-to Eye on Values

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the ...READ MORE
By - Oct 18, 2016

Quarter 2 Market Report

By Joe - Sep 12, 2016

For Minnetonka Homes for Sale, Sustainable Landscaping Gains

Homes for sale in Minnetonka compete in the marketplace based on the major search criteria that have long been in place: location, architectural style, number of bedrooms and baths, overall size, style, quality, age, etc. It’s a given that curb appeal and the property’s other photogenic qualities also make a difference for how much buyer interest is generated, and how soon serious ...READ MORE
By Joe - Jul 12, 2016

Twin Cities Real Estate Prospects Get Some Clarity

The first half of the year was brought to an end with a lot of happenings—any one of which could have a significant impact on the Twin Cities real estate market in the months ahead. The biggest event was another unpredicted swoon in mortgage interest rates. The National Association of Home Builders released their quarterly Eye on the Economy commentary, which projected “little risk” of a ...READ MORE
By Joe - Jul 12, 2016