First-time home buyer

Hidden Benefit(s) of Home Warranties

  Not Just Peace of Mind The most obvious reason to buy a home warranty? To avoid an unexpected, budget-busting home repair — or several of them. In return for an annual premium ranging from $500 – $1,000 (depending on coverage and home features), most such policies cap homeowners’ out-of-pocket expense for repairs at $100...
Read More

Coming Soon! 308 Van Buren Ave. South in Edina

  Update-Loaded Edina Home for Just $295k! Where: 308 Van Buren Avenue South in Edina’s “Presidents” neighborhood. What: 3 Bedroom, 2 Bath home with a new oversized 2-car garage, on Alden Park in Edina. When: Pre-list showings begin on March 8. How much: $295k. Who: listed by Edina Realty – City Lakes’ Lindsey Ronning. You’ll...
Read More

Why Home Warranties Are More Popular With Listing Agents Than Home Sellers

Listing agents (representing home sellers) are big fans of home warranties. Personally, I love them. Test your knowledge of residential real estate today, and see if you know why: A. Realtors don’t pay the premium (Sellers typically do). B. Realtors get a commission for each home warranty policy they sell. C. Listing agents know that...
Read More

Are First-Time Buyers Diving Into the Deep(er) End of the Housing Pool?

Skipping the Starter Home There’s some anecdotal evidence that first-time Buyers in the Twin Cities are making their mark a rung (or three) higher than you’d normally expect to find them. Namely, they’re disproportionately active in transactions around $500k — especially new construction in some of the more affordable ‘burbs — rather than in the...
Read More

Spring 2015 Housing Market Multiple Choice

Short-Term Forecast Twin Cities real estate pro’s are anticipating a slow-down from this Spring’s torrid pace sometime later this Summer. Why? a. Rising interest rates; b. Projected low levels of inventory; c. Declining home affordability, especially in the market’s lower rungs most popular with first-time Buyers; d. Cumulative agent exhaustion. Correct answer:  all of the above. Minus...
Read More

Missing Millennials: Where Are All the First-Time Home Buyers?

Millennial Subcategory:  “Baby Boomerangers” One of the factors holding back the housing market is the (relative) dearth of first-time Buyers. Typically, such Buyers account for 40% of all residential real estate sales; the last few years, however, the percentage is closer to 33% (one-third). What accounts for the slippage? Three Theories Given that the average...
Read More
1 2 3