A Deeper Examination of Schools Near Your Next Minnesota Home

We highly value the feedback we get on how we can improve your home search tool, the Home Scouting Report®.  Over time, your recommendations have led to many additions (all available by clicking on our ugly mugs after you’ve logged in).  Now, we’ve added another interactive research tool; The Minnesota Report Card from the Minnesota Department of Education. While you’ve always been able to get basic school information via the Map View of your Home Scouting Report® but with this new tool, you’ll have access to these additional resources: My School – Demographics, trend data, graduation rates, contact information and …

Top Three Reasons to Feel Good About Buying a Home in the Twin Cities

It doesn’t happen very often where, in a compact period of time, I see a wealth of reliable data released that shed such sunny light on the decision to buy a home in the Twin Cities but lately that has been the case.  If you’ve been contemplating such a decision, here are 3 great reasons to feel good about your decision and its timing in ascending order. Reason 3: CNBC Ranks Minnesota as a Top State for Business. CNBC’s announcement may seem boring, and it definitely is, but from the perspective of a homebuyer or homeowner, it’s critical.  This is …

Buy a Home Now vs. Wait – Who Needs a Forecast for that?

Charles Dailey – Branch Manager, Loan Officer, Certified Military Housing Specialist – CA DOC, MN DOC & WI DFI The Home Buyers Scouting Report® is provided directly to the buyer by HBM II, a licensed national real estate brokerage service company, not to or through a lender. The FREE home finding service is provided directly to prospective homebuyers by HBM II and its real estate brokers, as part of their ordinary real estate brokerage services. HBM II, Inc. works cooperatively with other real estate agents across the United States in attempting to find ready, willing and able buyers for homes …

Low Appraisal Challenges in a Newly Inclining Real Estate Market

After half a decade of falling home values, the real estate industry has become well versed in the language of declining markets. Buyers have learned to be skeptical, buyers’ agents have sharpened their teeth advocating for lower purchase prices and appraisers have become increasingly conservative in order to meet the demands of an equally conservative lending industry. Enter: 2012 Twin Cities Real Estate Market. New to the scene and largely forgotten by all arrives a balanced market which quickly reveals itself as an inclining market. This new market was initially greeted with skepticism and disbelief by much of the real …

How to Get Your Offer Accepted in Multiple Offer Situtuations

This radio show explains the difficulties of getting your offer accepted in multiple offer or competitive situations and how to overcome them. < Charles Dailey – Branch Manager, Loan Officer, Certified Military Housing Specialist – CA DOC, MN DOC & WI DFI The Home Buyers Scouting Report® is provided directly to the buyer by HBM II, a licensed national real estate brokerage service company, not to or through a lender. The FREE home finding service is provided directly to prospective homebuyers by HBM II and its real estate brokers, as part of their ordinary real estate brokerage services. HBM II, ...

The Cost of Waiting to Buy a Home in fall of 2013 vs. Now

With all of the recent strength in the Twin Cities housing market and Minnesota’s relatively low unemployment rate one might be confused about why we’re experiencing all-time lows (ours are even lower) in mortgage rates since typically the beginning of a recovery is followed by higher interest rates. But the truth is that the Minnesota story is not the national or global story. Events on the national and international stage have caused the Federal Reserve and global bond markets to drive US mortgage rates down. This too will end and will carry a cost to those contemplating a mortgage. First, …

Two Thirds of Minnesotans Will be Affected by Flooding in 2011 – Act Now!

If homeowners don’t act in ways not common in the past, many will stand to lose a fortune due to flooding in Minnesota in 2011.  It’s likely that sandbagging won’t do it this time and we need to start thinking about flood insurance and in some cases act quickly on flood insurance.  According to expert guests on a Minnesota Public Radio show two days ago, two thirds of Minnesotans will be affected directly or indirectly by flooding this year.  If someone thinks their house won’t be affected, they can at least count on traffic being a mess. Just try and …

Minnesota Home Prices Headed for a Double Dip? – Don’t Believe the Hype

If you’ve been watching the evening news or reading what’s been coming off the press, you might be thinking that the sky is about to fall on Minnesota home prices. You’ll hear a lot of doom and gloom and a lot about the S&P/Case-Shiller Home Price Indices. I assure you that the media will not do an adequate job of explaining what this does and more importantly does not mean to you as a Minnesotan. Since the great recession hit, metropolitan areas have increased in home values 3 percent from their lows. There were 5 major metropolitan areas that bucked …

It’s High Noon on Shadow Inventory as Banks Halt Foreclosures

So Ally’s GMAC, Bank of America and J.P. Morgan Chase are halting foreclosures in 23 states. More importantly, Fannie Mae and Freddie Mac have stepped in to outline correct foreclosure processes and are demanding lenders adhere to them. What’s more, many more lenders are sure to follow the big 3’s changes. That’s great but what does it mean for us?