Cleaning House: Secrets of a Truly Deep Clean

Cleaning House: Secrets of a Truly Deep Clean Deep clean your house and you’ll brighten rooms and help maintain your home’s value. Read Visit houselogic.com for more articles like this. Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®  Read more »

6 Tips for Buying a Home in a Short Sale

6 Tips for Buying a Home in a Short Sale By preparing for a real estate short sale, you can emerge with a great home at a favorable price. Read Visit houselogic.com for more articles like this. Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®  Read more »

Home prices in 20 cities rise the most since February 2006

The home prices in the twenty cities of the S&P Case/Schiller index climbed 13.7% from November 2012.  This gain was the biggest 12 month gain since 2006 in this property price index.  The Twin Cities area saw gain of 10.5% from the previous year, even after home prices experienced some flattening in October to November.  A relatively limited supply of homes for sale has allowed home prices to continue to appreciate even as higher mortgage interest rates reduce the home buyer pool. It is hard... Read more »

Evaluate Your House for Basement Finishing

Evaluate Your House for Basement Finishing Some unfinished basements are better basement finishing candidates than others. Here’s how to evaluate your space for a basement finishing. Read Visit houselogic.com for more articles like this. Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®  Read more »

7 Tips for Improving Your Credit

7 Tips for Improving Your Credit Here’s how to clean up your credit so you get the least-expensive home loan possible. Read Visit houselogic.com for more articles like this. Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®  Read more »

New year brings mortgage rules

As of January 10th, lenders will now have to consider the “ability to repay” and observe stricter lending guidelines.  Lenders now will have to make “a reasonable, good faith determination” that a borrower will be able to repay the loan.  These requirements stem from the Dodd-Frank Act of 2010 in an effort to prevent the risky loans that contributed to the financial crisis.  These new requirements could affect first time home buyer and lower income buyers.  Even with these new requirements... Read more »

U.S. homebuilder confidence dips in January

The statistical measurement for U.S. homebuilder confidence dropped slightly in January.  The reading of 56 from the National Association of Home Builders/Wells Fargo builder sentiment index was down 1 point from December, but reading above 50 still indicates a view of “good” rather than “poor”.  Mortgage interest rates although still near historically low levels have risen more than a full percentage point and slightly lower numbers in new home sales have contributed to the decrease in... Read more »

If You Were Selling Today, Would You Have the Home That Buyers Want?

If You Were Selling Today, Would You Have the Home That Buyers Want? Knowing what appeals to today’s homebuyers, and considering those trends when you remodel, can pay off years from now when you sell your home. Read Visit houselogic.com for more articles like this. Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®  Read more »

4 Tips to Determine How Much Mortgage You Can Afford

4 Tips to Determine How Much Mortgage You Can Afford By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Read Visit houselogic.com for more articles like this. Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®  Read more »

HOUSING PRICES HIT 5 YEAR HIGH- Fewer foreclosures, tight market led to price gains

Twin Cities housing prices have hit a five year high and sales have risen to the highest level since 2005.  2013 started out strong for home sales, but has tapered a bit into the fall and winter. This tapering of sales activity has been attributed to a rise in mortgage interest rates and the government shutdown decreasing overall consumer confidence.  Even as sales activity has seen some tapering in 2013, home prices have not been decreasing.   A smaller supply of listed homes and a reduction... Read more »