Not only are home showings up, they are higher than they were at the beginning of the year.
While they may have dipped during the worst of the shutdowns, low mortgage rates have led eager buyers back to the market.
Still, sellers have been slow to return at the same rate, making our market extra competitive. If you have been hesitant to list, talk with our team and find out why now is a great time to sell.
Read MoreNo one can tell you with 100% certainty that rates will go up or down tomorrow, next week or a month from now. The mortgage market is a market that has two main competitors: U.S. treasury notes and corporate bonds. It is this constant battle between the floor (U.S. treasury notes) and the ceiling (corporate bonds) that causes rates to rise and fall consistently.
Read MoreHouse hunting in the winter can give you the advantage as the buyer, even in a predominantly sellers market like it has been in recent years. This applies not only here in Duluth, but across much of the nation. Many people avoid buying and selling in the winter altogether, but not everyone wants to pay top dollar to wait until the spring or summer seasons.
Read MoreIt’s normal to be confused as a first time homebuyer. Additionally, not having the right professional guidance can make the process even more tricky. Preparation and knowledge from a professional you trust, who communicates things in a way you feel comfortable with, is very important in achieving your goal of becoming a homeowner.
Read MoreReal Estate Investing is a wonderful world to get into if you have the time and perseverance to succeed. The word investing is something I think about every minute of every day. It has honestly been the most important part of my life since I was 18. For me, it was more than just investing a few bucks in a stock or mutual fund, it’s been a lifestyle for me and it’s something motivates me every day.
Read MoreBeing a life long Duluthian I know firsthand what this great city has to offer. The first thing that comes to out-of-towners minds are the harsh winters, with mountains of snow and wind blowing so hard that you have to make sure grandma doesn’t drift away.
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