As the real estate market continues to be competitive in Minneapolis, homeowners may wonder whether it's better to sell their property or rent it out. While selling your home can provide a lump sum of cash, renting out your property can also be a lucrative option. Here are the top 10 reasons to rent out your home and not sell it in today's real estate market in Minneapolis:

  1. Cash Flow: Renting out your home can provide you with a steady source of income. You can use this cash flow to pay off your mortgage or use it for other expenses.

  2. Long-Term Investment: Your property can be a long-term investment that provides you with financial stability. Over time, the value of your property may appreciate, providing you with even more equity.

  3. …

139 Views, 0 Comments

Read Full Post

As a first-time home buyer in Minneapolis, navigating the spring housing market can be both exciting and overwhelming. To help you get started on your journey, here are the top 10 tips for starting a blog for first-time home buyers in Minneapolis:

  1. Start with a clear and concise introduction: When creating your blog post, start with a clear and concise introduction that highlights the key points you'll cover in your article. This will help readers know what to expect and keep them engaged throughout the post.

  2. Know the market: As a first-time home buyer, it's important to be familiar with the current state of the housing market in Minneapolis. Research current housing trends and statistics, including average home prices, interest rates,…

155 Views, 0 Comments

Read Full Post

Get Ready: The Best Time To List Your House Is Almost Here

If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.

Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:

“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.”

If you’ve been waiting for the best time…

146 Views, 0 Comments

Read Full Post

2 Things Sellers Need To Know This Spring

Photo: Annika Heaton-Brandt

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.

1. Houses That Are Priced Right Are Still Selling

Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:

“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”

The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist…

173 Views, 0 Comments

Read Full Post

How To Make Your Dream of Homeownership a Reality


According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.

However, it’s unlikely all 28 million Americans will accomplish that goal in the coming year. Experts project a total of around five million homes will be sold in 2023. Why is there such a big difference? It’s partly because there can be challenges to buying a home.

In the same survey, when asked, “Which of the following are preventing you from pursuing homeownership at this time?”:

  • 34% answered, “I don’t have enough saved for…

260 Views, 0 Comments

Read Full Post

Experts Forecast a Turnaround in the Housing Market in 2023


The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.

Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and overall market activity is starting to pick up. All of that’s great news for the housing market this year. Here’s what experts are saying.

Cristian deRitis, Deputy Chief Economist, Moody’s Analytics:

“The current state of the housing market is that it is certainly in transition.”

Susan Wachter, Professor of Real Estate and Finance, University…

290 Views, 0 Comments

Read Full Post

Think Twice Before Waiting for 3% Mortgage Rates



Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

Today, the rate of inflation is starting to drop. And as a result, mortgage rates have dipped below last year’s peak. Sam Khater, Chief Economist at Freddie Mac, shares:

“While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023.”

That’s potentially great news if…

329 Views, 0 Comments

Read Full Post

What Are Your Goals in the Housing Market This Year?

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.

In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too. That’s why it’s critical to have a clear understanding of not just the market today, but also what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at realtor.com, explains:

“The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, so…

220 Views, 0 Comments

Read Full Post

Homeowners Still Have Positive Equity Gains over the Past 12 Months



If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.

Equity is the current value of your home minus what you owe on the loan.

Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially.

And while home price appreciation has moderated this year, and even depreciated slightly in some overheated markets, that doesn’t mean you’ve lost all the equity you gained during the pandemic frenzy.

To…

263 Views, 0 Comments

Read Full Post

Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market


There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll need to be strategic so you can find a home that meets your needs and budget.

Danielle Hale, Chief Economist at realtor.com, explains:

The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, . . . Another key point is to avoid stretching your budget, as tempting as it may be given the diminished…

245 Views, 0 Comments

Read Full Post