Announcements of a housing recovery have become a wrongheaded rite of summer, but after several years of false hopes, evidence is accumulating that the optimists may finally be right.
The housing market is starting to recover. Prices are rising. Sales are increasing. Home builders are clearing lots and raising frames.
Joe Niece, a real estate agent in the Minneapolis suburb of Eden Prairie, said he recently concluded a streak of 13 consecutive bidding wars over homes that his clients wanted to buy. Each sold above the asking price. Read More.
There are lots of eager would-be buyers out there. It’s no wonder why! The market currently offers many ideal buying conditions. Interest rates are still at historic lows (for those with excellent credit). Home prices are extremely affordable when compared to area median incomes. There is a large supply of homes available in most markets (more homes to choose from and buyer advantage at negotiations).
Yet, the questions remains. Are you ready to buy? Take a moment to answer this ten question quiz: Am I Ready to Buy?
1. What is your credit score? (a) less than 620; (b) between 730 and 850; (c) between 620 and 730. Read More.
In today’s world of online, social networking, apps, etc., we (meaning people as a whole) have become impatient. Wanting everything now and not wanting to wait has become a dominant trait in society. How do we use this to better serve our clients? This article by Kris Berg sums it up pretty well. Read More.