Buyers, this is big. The housing market is giving you a level of negotiating power we haven't seen since the years following the housing crash. According to Redfin, there are now 63% more sellers than buyers nationwide, and 41 of the 50 largest metros favor buyers. That means, in most places, you have more say in what you're willing to pay, what you're willing to accept, and what you want to negotiate. And sellers have more reason to listen. Of course this varies market to market, but this shift is creating opportunities for buyers who are ready to jump in – even with today’s higher rates. DM me, and let's make sure you know how to take advantage of it. #HomebuyingTips #HousingMarketNews Contact us today for more info at 651-998-2098!

Today, a growing number of homeowners who set out to sell end up as landlords instead. About 9% of homes for rent were up for sale first. In the industry, we call it “accidental landlords.” And if you’re watching the market and trying to decide between selling or renting, here’s what you need to know… While renting out your house can be a great fit for some people, being a landlord is a job of its own. Suddenly, you’re fielding weekend calls about a leaky dishwasher and you’ve got a plumber on speed dial. And you’re still on the hook for the mortgage any month the house sits empty. That doesn’t mean renting is a bad option, it just means you have to know what you’re getting into. And if you’d rather sell, let’s talk. Because with the right price and a strong marketing plan it is still doable today. #AccidentalLandlord Contact us today for more info at 651-998-2098!

PRICE DROP ALERT! Exposed brick, wood beams, and original hardwood floors set the scene at 801 Washington Lofts in North Loop. ✨ This bright third-floor condo offers 1 bedroom, 2 bathrooms, and 1,232 sq ft, plus a private balcony, sunroom/den, loft bedroom with a walk-in closet, and a corner fireplace. Plus two deeded covered parking spaces, in-unit laundry, and paid-off special assessments add real value. Ready to see it in person? Contact us today! Details: https://mnpropertiesforsale.com/d8r60396 #NorthLoop #MinneapolisCondo #LoftLiving #MinneapolisRealEstate

Are home prices going up or down? It depends on where you look. Over the past year, prices in Chicago climbed almost 7%. In Seattle, they dipped about 1.6%. That’s a nearly 9-point gap between two major cities. Look at little closer, though. Home prices are rising in 13 of the 19 major cities on this chart. And where prices are down, the dips are small (less than 2%). So, this isn’t a crash. It’s just a market normalizing after overheating during the pandemic. And that’s hitting some areas differently than others. Here’s what it really means. Your local market matters. If you’re selling where prices are still rising, you may not need to cut your price. And if you’re buying where prices are softer, you may have more room to negotiate. National headlines can’t tell you which side your neighborhood is on. Local data can. Let’s look at how prices are moving in your area, so you can set your price or make your offer with confidence. #HousingMarketUpdate #HomePrices Contact us today for more info at 651-998-2098!

PRICE DROP on this beautiful end-unit townhome in the Club West Community! 11285 Baltimore ST NE #D in Blaine offers 4 bedrooms, 4 bathrooms and 2,252 sq. ft. for an improved price of $350,000. The huge kitchen has a center island, hardwood floors and a new Sub-Zero refrigerator, while the lower-level bedroom and tiled bath offer flexible space for an office, family room or more. Open House: Saturday, October 24th, from 2:00–3:30 PM. https://mnpropertiesforsale.com/d8r600u9 #BlaineMN #TownhomeForSale #ClubWest #MinnesotaRealEstate

New Homes Cost Less in 1 in 3 Major Markets Newly built homes now cost less than existing ones in about 1 in 3 major markets. How much less, exactly? Nationally, a newly built home typically sells for about $35,000 less. So, brand-new could be more budget-friendly than you think. Want to see how newly built and existing homes compare where you’re looking? Let’s tour one of each. #HouseHunting #NewConstruction Contact us today for more info at 651-998-2098!

Adjustable-rate mortgages (ARMs) are making a comeback, and it's easy to see why. In October, starting rates for ARMs were running almost a full percentage point below fixed-rate loans. On a median-priced home, that can mean your payment could be roughly $150-300 less per month. For buyers struggling with affordability, that’s worth considering. Just know that they do come with some trade-offs – the biggest of which is that your rate (and your payment) could rise after a set timeframe. And just in case you’re thinking…aren't ARMs risky? You should know today's ARMs aren't like the ones from 2008. But they do work differently than a fixed-rate mortgage, so it pays to understand them first. A trusted lender can help you explore how these loans work, how they can help, and walk you through the what-ifs. #AdjustableRateMortgages Contact us today for more info at 651-998-2098!

An in-ground pool in Oakdale? Yes, please. 🏊 1767 Hilo Ave N 4 beds • 2 baths • 2,000 sq. ft. $425,000 A private backyard with a pool, deck, and paver patio sets the scene, while a heated 2-car garage with epoxy flooring and a workbench adds everyday function. See this Oakdale home for yourself—connect with Sandra Erickson at 651-269-3487 or sandy@sandyerickson.com. https://mnpropertiesforsale.com/d8r5xhmi #OakdaleMN #OakdaleRealEstate #MinnesotaRealEstate #PoolHome #HomesForSale