Melissa's Blog Content

Is The Housing Market Going To Crash? 

I wish I could say I have a crystal ball for you, but I do have real data from Minneapolis Association of Realtors.

First I don't think we are going to have a crash. Maybe a small adjustment but I don't think that is a bad thing.

 

Lets start with Median Sales Price Sept 22' to Sept 23'

As of October 6, 2023, the median sales prices for various property types have seen notable changes compared to September 2022. In the single-family detached category, the m...

Why Experts Say the Housing Market Won’t Crash Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time. If you have questions about the housing market, let’s connect. Whether you are thi...

Welcome Home To 5412 Queen Ave S

 

 

View this tour in a new window.

This gorgeous home has many beautiful features. Click HERE to take a walking tour with the 3D Matterport.

Contact Me Today To Set Up Your Private Showing!

Are you thinking that now or in the near future maybe be time to buy a home? You can Contact Me directly or you can Download my Ultimate Buyers Guide.

Need help finding A LOAN OFFICER? CLICK HERE  to connect with Jane Johanns with New American Funding & you can also fill out...

Sellers Have an Opportunity with Today’s Home Prices As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase...

Expenses Homebuyers Should Plan For

When Buying A Home

Are you thinking that now or in the near future maybe be time to by a home? You can Contact Melissa directly or you can Download my Ultimate Buyers Guide.

If you are thinking of BUYING in today's market I would love to help you. I have great people on my TEAM that can help you learn more about mortgages and how much you can qualify for and afford. 

Click the link above to find out what you qualify for or simple call Jane or Zach Johanns wi...

 

How Homeownership Can Help Shield You from Inflation If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile. If you’ve been thinking about purchasing a home this year, you’re probably wondering...

Your Market Overview For 2020, Is there a market bubble coming?

Wow, what a year it has been! What does today's market look like you say? Let's take a look!

I looking at things historically so you really can see the big picture. Covid19 definitely had it challenges but really it did not affect Minnesota's market.

Let’s compare 2019 to 2020:

New Listings are down just a small percentage but pending sales are up over 9%, closed sales are up over 6% from last year. Our market time is down 10% from...