Minnesota Real Estate & Property Management News

Crystal ball of housing market

Freddie Mac Predicting 2016 Will Be the Best Real Estate Year in a Decade!

Reprint from Elk River Star News & Anoka County Shopper, "Real Estate News by Stephanie Danielson" - 4/16/16 issue. Freddie Mac is predicting that 2016 will be the best year the real estate industry has seen in a decade.  In their March Housing Outlook Report, Freddie Mac explained:  “Despite the challenges facing the housing market, we expect this to be the best year for Continue Reading
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Zimmerman MN Home Rentals and Property Management News

Zimmerman Minnesota Rental Market & Property Management News

Zimmerman, MN area has been a very popular area for tenants seeking residential rental homes. We currently have many pre-screened tenant prospects that are seeking a single family home or townhome to rent in the Zimmerman, Minnesota area. The top 5 reasons that rental tenants seek the Zimmerman, MN area: School District's reputation Country community with affordable rentals Ease of Continue Reading
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Tips on how to attract buyers to your home listing

Top Three Reasons Buyers Choose the Homes They Buy

Reprint from Elk River Star News & Anoka County Shopper, "Real Estate News by Stephanie Danielson" - 3/19/16 issue. Sellers may think buyers will love their home because of their taste in home finishes or quality upgrades.  Although this may help – they are not the primary reason.   Actually, the three top reasons a buyer chooses one home over another Continue Reading
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low inventory is causing home prices to accelerate in 2016

Low Housing Inventory Causes Prices to Accelerate

Reprint from Elk River Star News & Anoka County Shopper, "Real Estate News by Stephanie Danielson" - 3/5/16 issue. The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report in February of 2016.  The report revealed that home prices are not only continuing to rise but that the increases are accelerating.  Lawrence Yun, Chief Economist at NAR, discussed the impact Continue Reading
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New loan programs, approved mortgage, how to qualify for a mortgage, first time home buyer programs

Fannie Mae Made it Easier to Get a Mortgage

Excerpts from: Housing Wire, Author Brena Swanson 8/25/15 Thanks to new research and lender input, Fannie Mae has available it’s HomeReady Mortgage that will replace MyCommunityMortgage, Fannie’s previous affordable lending product. The latest product is designed to help creditworthy borrowers with lower and moderate incomes access an affordable, sustainable mortgage. Back at the end of 2014, Fannie expanded its MyCommunityMortgage product Continue Reading
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Home Equity, you may have more than you think

Do You Know How Much Equity You Have In Your Home? You May Be Surprised!

CoreLogic’s latest Equity Report, revealed that 256,000 properties regained equity in the third quarter of 2015.  This is great news for the country, as 92% of all mortgaged properties are now in a positive equity situation. This is great news for homeowners!  But, do they realize that their equity position has changed? A recent Fannie Mae study suggests that many homeowners Continue Reading
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Why selling home in winter is better than waiting until spring

Thinking of Selling? Why Now May Be the Time

It is common knowledge that a large number of homes sell during the spring buying season.  For that reason, many homeowners hold off on putting their home on the market until then. The question is whether or not that will be a good strategy in 2016.  The other listings that do come out in the spring will represent increased competition Continue Reading
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Low Housing Inventory is Slowing Down Market in 2016

Lack of Listings Slowing Down the Housing Market

The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete recovery.  Home sales and values are up, and distressed sales (foreclosures and short sales) have fallen dramatically. It appears that 2016 will be another boom year for the housing market.  However, there is one element that may cause Continue Reading
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Distressed Home, Behind on Payments, Facing Foreclosure

Bill Extends Tax Relief for Mortgage Debt Forgiveness, Covering Years 2015 and 2016!

On Dec. 18, 2015, the Tax Extenders Package, was on its way to the President’s desk for signing.  One of the provisions in this significant piece of legislation protects underwater homeowners from incurring a large tax bill on phantom income in connection with a work out or short-sale.  The tax extenders deal offers two years of protection covering tax years Continue Reading
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Mortgage Interest Rates to Rise in 2016

How Will the Fed’s Recent Interest Rate Hike Affect the Housing Market in 2016?

Since 2008, the Federal Reserve has kept a zero interest rate policy in place.  But on Wednesday, December 16, 2015 they voted to increase the benchmark short-term interest rate by 25 basis points.  The Federal Reserve made it clear that they will be issuing a gradual tightening cycle over the coming months.  This likely means mortgage rates will inch slowly Continue Reading
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High Demand and Low Supply analysis concept on a graph with a red push pin

Sellers to Benefit from Strong Seller’s Market into 2016!

Here at Acuity Group, we are frequently asked where the real estate market is headed and when we may see a more balanced market.   Truthfully, it is difficult to accurately predict the future, but based on current market statistics, we are presently experiencing one of the strongest seller’s markets since the “great recession”.  The reason is simple, we have much Continue Reading
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Happy Couple thank their competent real estate agent , Acuity Group, Elk River MN.

10 Tips to Select the Best Real Estate Agent to Sell Your Home:

Choosing the right Agent is one of the most important factors to ensure a positive outcome.  An experienced Real Estate Agent will guide & direct you thru the entire home sale process from list to closing and help shoulder some of the stress that comes along with the home sale experience. Remember, your expectations should be demanding; you’re selling one Continue Reading
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House Prices High Monitor

Home Equity: You May Have More Than You Think

Reprint from Star News, "Real Estate News by Stephanie Danielson,  10/31/2015 issue Core Logic recently released their 2015 2nd Quarter Equity Report which revealed that 759,000 U. S. homes had regained equity in the last quarter.  That means that 91% of all mortgaged properties (approximately 45.9 million) are now in a positive equity position.  Obviously, this is great news for the financial situation of many homeowners.  Continue Reading
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rising graph 190x

Great News for Sellers! Home Sales are Up in Almost Every Price Range!

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over the last year in five of the six price ranges they measure.  Only those homes priced under $100,000 showed a decline (-7.7%).  The decline in this price range points to the lower inventory of distressed properties available for sale and speaks to the strength Continue Reading
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Can you afford to buy a home?

Can You Afford to Buy a Home?

Purchasing a home is one of the most important and rewarding decisions a person will make, which also means it is one of the most stressful!  With all of the steps, money and people involved, it is easy to be overwhelmed.  Listed below are the steps and associated expenses that you must be prepared for, if your goal is to Continue Reading
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Rental Market Update Elk River Minnesota

Elk River Minnesota Rental Market & Property Management News

Elk River, MN area has been a very popular area for tenants seeking residential rental homes. We currently have many pre-screened tenant prospects that are seeking a home or townhome to rent in the Elk River, Minnesota area. The top 5 reasons that rental tenants seek the Elk River, MN area: Elk River School District's reputation Abundance of shopping facilities, Continue Reading
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tips to select the right real estate agent

Mistakes to Avoid When Selecting an Agent to Sell Your Home

Hiring a real estate agent to sell your home is crucial to your entire experience as a home seller.  The agent you select will be involved in many tasks such as; advising you on how to prepare your home for sale, establishing a good list price, marketing your property, negotiating your offer and making sure your file is processed all the Continue Reading
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approved loan application

Mortgage Tips: Pre-Qualified vs. Pre-Approved – What’s The Difference?

As quoted by politician, writer and aristocrat, Benjamin Disraeli; “The secret of success in life is for a man to be ready for his opportunity when it comes.”  This is very timely advice for home buyers who must lay the necessary groundwork in order to buy the home of their dreams when the opportunity arises! Without thoughtful preparation, many buyers Continue Reading
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Family Group Relaxing Outdoors In Autumn Landscape

Four Great Reasons to Consider Buying a Home Today Instead of Waiting.

Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 10.5% (most pessimistic) and 25.5% (most optimistic).  The bottom in home prices has come and gone.  Home values will Continue Reading
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Timing Home Sale  to move at right time

Timing Your Home Sale from List Date to Close Date

Question:  I need to move and relocate mid-February.  When should I list my home for sale?  Your first step would be to start interviewing Realtors right away, as you don't have much time!  Once you select your Realtor, ask them for a list of staging and home improvement suggestions to ensure that you go on the market in tip top Continue Reading
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