Bridging the Gap: Buyers, Rates & Incentives

Bridging the Gap: Buyers, Rates & Incentives

Spring 2025 housing offers buyers more options. Key trends include increased rental inventory pushing concessions to 8.5%, leading renters to delay home purchases. Builders heavily rely on incentives (closing cost assistance, rate buydowns), now offered on 75% of...
Why Return-to-Office Mandates Are Creating Accidental Landlords

Why Return-to-Office Mandates Are Creating Accidental Landlords

These are interesting times in which we live. This article talks about the “unwinding” of the remote workplace, specifically when people are employed in another city from the one where their employer resides. Most acquired the property with a favorable mortgage rate,...
2024 Housing Trends in Minnesota

2024 Housing Trends in Minnesota

The new construction market had a good year in Minnesota in 2024 according to this article, likely driven by moderately lower mortgage rates. Builders have been proactive in clearing old inventory and now have completed spec homes available for buyers ready to act....
Mortgage Rates Drop: A Surge in Refinancing Applications

Mortgage Rates Drop: A Surge in Refinancing Applications

Homebuyers are rushing to take advantage of lower mortgage rates following the Federal Reserve’s recent interest rate cut, according to a Washington Post article. I was surprised at the number of refinancing applications being made now that rates are in the high...
Mortgage Rates Hit a New Low for 2024

Mortgage Rates Hit a New Low for 2024

Mortgage rates have hit a new low for 2024! This could spark a surge in home buying and investment. Rates have started declining due to the Fed’s announcement of a likely rate change in September and last Friday’s weaker jobs report. Our information...