Adventures in Real Estate

Adventures in Real Estate, Buying and Selling Tips

Why Is Housing Inventory So Low?

One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enough homes available for sale, but that shortage isn’t just a […]
Adventures in Real Estate, Buying and Selling Tips

How Inflation Affects Mortgage Rates

When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. And even though there’s been 12 […]
Adventures in Real Estate

Refresh or Remodel?

Would you like to refresh the look of your home quickly and affordably without the chaos of remodeling? You might be amazed at the dramatic impact small changes can make. So before committing to a costly remodel, consider these projects you can finish in a weekend or two.KitchenPaint or stain cabinets and replace hardware. Install […]
Adventures in Real Estate

Home sales declined but so did listings, so Twin Cities buyers still pay above asking

During April, the median price of all closings was $367,500, a nearly 4% increase from the previous month but a 0.7% decline compared with last year. Home prices in the Twin Cities last month marked their first annual decline in more than a decade, but with house listings also on the decline, sellers still nabbed […]

Adventures in Real Estate Why Is Housing Inventory So Low? One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enough homes available for sale, but that shortage isn’t just a […]

Adventures in Real Estate How Inflation Affects Mortgage Rates When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. And even though there’s been 12 […]

Adventures in Real Estate Refresh or Remodel? Would you like to refresh the look of your home quickly and affordably without the chaos of remodeling? You might be amazed at the dramatic impact small changes can make. So before committing to a costly remodel, consider these projects you can finish in a weekend or two.KitchenPaint or stain cabinets and replace hardware. Install […]

Adventures in Real Estate Home sales declined but so did listings, so Twin Cities buyers still pay above asking During April, the median price of all closings was $367,500, a nearly 4% increase from the previous month but a 0.7% decline compared with last year. Home prices in the Twin Cities last month marked their first annual decline in more than a decade, but with house listings also on the decline, sellers still nabbed […]

Adventures in Real Estate Powerful Job Market Fuels Homebuyer Demand The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, […]

Adventures in Real Estate The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break down these two big issues in today’s […]

Adventures in Real Estate Why You Shouldn’t Fear Today’s Foreclosure Headlines If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is […]

Adventures in Real Estate Confused About What’s Going on in the Housing Market? If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for […]

Adventures in Real Estate 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 […]

Adventures in Real Estate What To Expect From the Housing Market in 2023 The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This […]

Adventures in Real Estate 2021 is an Outlier, Not a Benchmark The pandemic years, especially 2021, were a strange aberration where everyone moved, house prices skyrocketed, and nearly every real estate business posted record revenues. Why it matters: 2022 is constantly being compared to 2021, which was anything but normal, and year-over-year comparisons are painting a deeply negative picture. Dig deeper: Assuming a fairly conservative 5.15 million existing […]

Adventures in Real Estate The Latest on Supply and Demand in Housing Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. […]

Adventures in Real Estate What Experts Say Will Happen with Home Prices Next Year Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price […]

Adventures in Real Estate Selling a House – Every Detail Matters To be honest, simply listing and selling a house isn’t that hard in the current market. Getting a house sold for max dollar, in less time, and with a smooth process all the way to close is where the experience can be differentiated. That is why hiring a top notch real estate advisor matters. High end […]

Adventures in Real Estate Business Planning – Clients, Community, and Family As I started working on my future business plan, it ultimately focused on why I do this. And “this” not just being my career in real estate, but how my business fits into a total plan for my family and community. So as I looked deeply at what I want to achieve with this career, […]

Adventures in Real Estate Adapting to Real Estate in a Covid World Covid turned the world upside down and created a new level of awareness about so many aspects of life. For my personal life as well as my real estate business. Not just in how to connect with people, but in marketing, safety practices, listing homes, and more. This time has made me reflect on why […]

Adventures in Real Estate Keeping Families Home Initiative IGNITING THE POWER OF COMMUNITY As a result of your amazing support, I am proud to present the Keeping Families Home Initiative. 3% of all of my commission earnings will be donated to Interfaith Outreach in Plymouth and their mission “To engage the heart and will of our community to respond to emergency needs and […]

Adventures in Real Estate Fall Back into Practice After months of uncertainty, you may find yourself out of practice with routines that once helped you feel healthy and grounded. If you want to avoid burnout and thrive both personally and professionally, be sure that you are incorporating self-care into your schedule. Prioritize physical well-being – Get plenty of rejuvenating sleep, exercise and spend time outdoors. […]

Adventures in Real Estate On the Horizon: A Dynamic Housing Market While no one knows what the future may hold, many experts are predicting that COVID-19 will accelerate some housing trends that were already taking place. Here are three possibilities that could result from staying at home. More millennials enter the market. In spite of the current economic uncertainty, millennials are eager to own first-time and move-up […]

Adventures in Real Estate Perspective During Times of Crisis Well, 2020 has not started the way any of us expected. As we navigate uncharted times, we as people and a community need to see this as a learning opportunity. I have already seen a wave of incredible displays of love and support and new ways of doing things. From realizing we can all work […]

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