Want To Buy a Home? Now May Be the Time. And drg can help.

There are more homes for sale in Minneapolis today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic.

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you:

“This is an opportunity for people with a secure job to jump into the market, when other people are a little hesitant because of a possible recession. . . They’ll have fewer buyers to…

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Homeownership Is a Great Hedge Against the Impact of Rising Inflation



If you’re following along with the news today, you’ve heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB):

Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981.”

With inflation rising, you’re likely feeling it impact your day-to-day life as prices go up for gas, groceries, and more. These climbing consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have…

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What Are the Best Options for Today’s First-Time Homebuyers?


If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold.

 If you partner with a trusted real estate advisor and hone your strategy, you can navigate today’s market and find the home you’re looking for. Here are two tips to help you get started.

Work with a Professional To Prioritize Your Wish List

If you’re having trouble finding a home in your budget that checks all the boxes, it may be worth taking another look at your lists of what you want and what you…

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What Does the Rest of the Year Hold for the Housing Market?

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say.

The Number of Homes Available for Sale Is Likely To Grow

There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com:

“The gap between this year’s homes for sale and last year’s is one-fifth the size that it was at the beginning of the year. The catch up is likely to continue, . . . This…

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One of the conversations I’m consistently having week over week with first time investors is the conversation of whether to passively invest, or actively invest.

What’s the difference?

Well, as a passive investor, you’re typically investing anywhere between $25,000 - $50,000 (or MORE!) in someone else’s deal - typically as a limited partner.

While, as an active investor, you’re purchasing the property yourself - which means coming up with the capital, managing the asset, and taking on all the risk.

Let's dive into some of the pros and cons of each, so that YOU can better determine which makes the most sense for yourself.

First, passive investing!

The biggest benefit in passive investing is that it’s exactly that, it’s PASSIVE!…

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Are There More Homes Coming to the Market?


According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today.

If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search.

Early Signs Inventory May Be Growing

The latest data from realtor.com shows the number of listings coming onto the market, known in the industry as “new listings,” has increased since the start of the year (see graph below):


…

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frequently asked questions about syndications and REITs

Can I invest in a syndication with retirement funds?

Absolutely. In fact, investing retirement funds through a self-directed IRA is one of the most common ways to passively invest in a real estate syndication. The process of rolling a preexisting retirement account (401(k), IRA, 403b, etc.) into a self-directed IRA (SDIRA) is relatively simple and the fees are generally quite low. If you’re looking for a great custodian, reach out to us through invictusmultifamily.com and we’ll connect you with some great intermediaries.

Setting up an account only requires a bit of paperwork, but it can take a couple of weeks. If there’s a particular deal you’re interested in contributing funds to, best…

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Why This Housing Market Is Not a Bubble Ready To Pop

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream.

Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The graph below tracks home price appreciation since the end of World War II:

The graph shows the only…

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Choosing Your Real Estate Journey

DRG is one of the most recognized real estate brands in the industry and the only brokerage that focuses exclusively on Minneapolis. When you work with our real estate team, you’re making the best choice for buying, selling, renting, managing and investing in residential real estate.

DRG is your single connection to the diverse Minneapolis market, so whatever your real estate journey, we’re here to help you every step of the way.

Buy

Our team of Minneapolis real estate experts has access to hundreds of properties available in Minneapolis—including single-family homes, condos, lofts, duplexes, triplexes, fourplexes, and apartment buildings—in all sizes, styles and price ranges, so we can always find the…

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If you’re a first-time buyer looking to break into the housing market but struggling to find a home to buy, condominiums (or condos) could be a great alternative for you.

Here are a few reasons condos may be something you’ll want to consider.

Exploring Condos Could Add Options That Fit Your Budget

Supply challenges are a reality across the board in today’s housing market. Broadening your home search to include condos could increase your overall pool of options. Just keep in mind, condos generally differ from single-family homes in average space and floorplans.

In a recent article, Bankrate covers some of these differences:

“Condos are generally more affordable because they come with less space — you likely won’t have your…

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