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Monday, August 25, 2014

Brainerd First-time Homebuyers Do Not Miss This Home Buyer Workshop

If you are considering purchasing your first home then you do not want to miss out on this upcoming homebuyer workshop in Brainerd. The workshop is being put on by Home Stretch and is a first-time home buyer workshop where attendees will be walked thru the entire home buying process. Throughout the day you will learn what you need to know about financing, credit, how to qualify for a mortgage, how to find the perfect home, maintenance of your home, and the closing process.  The workshop will take place September 22nd, at the Brainerd Public Library from 10 a.m. to 7 p.m. Central Minnesota Housing Partnership, which is a nonprofit organization that helps provide affordable housing services through Minnesota, is coordinating the Home Stretch workshop.  Registration is required to attend the event.  To register for the workshop visit www.cmhp.net, or contact Trista at 320-258-0681 for more information.

There are many programs available to first-time homebuyers such as government loans, closing and down payment assistance programs that may require you to have a certificate from Home Stretch to qualify. If you are considering purchasing your first home do not miss out on this opportunity to get your certificate now.

If you are not able to make it to the workshop then consider taking the homebuyer education calls that is offered online.  The new online tool Framework will provide you with all you need to know about becoming a knowledgeable first-time homebuyer.  Framework has been approved by many lenders to meet the homebuyer education requirement. To register for the course visit www.cmhp.net.

If you are looking to buy or sell a home in Crow Wing County this summer, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

 

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

Sunday, August 17, 2014

Crow Wing County Monthly Market Report

The Crow Wing County housing market continues to slowly improve. The latest data from July shows that the number of new listings rose by 3.4% over this time last year, and the number of pending home sales rose by 10.9%. Pending sales are a good indicator of what we are going to see happening in the market in the few months to come.  Closed sales were down 9.7% from this same period of time last year, but with the increase in pending home sales there is no reason to be concerned.

Homes are selling quickly. The median days on the market dropped 27.3%, and the average days on the market dropped 18.7%.

A majority of areas across the country are seeing home prices increase, and we are seeing the same here in Crow Wing County. The median sales price increased by 13.7% to $183,750. The median list price rose slightly over this period of time last year to $199,000, an increase of 2.1%.

For the month of July sellers received on average 96.8% percent of last list price, an increase of 1.7%.

If you are looking to buy or sell a home in Crow Wing County this summer, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

 

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

Monday, August 11, 2014

30- Year Fixed Mortgage Increased for the first Time in a Month

Not only are home prices on the rise but it appears so too are mortgage rates. According to the recent report by Freddie Mac that was released last Thursday the average rate or a 30-year fixed mortgage increased to 4.14 percent, up from 4.12 percent.  The average 15-year fixed mortgage rate increased to 3.27 percent, a slight increase from its previous 3.23 percent.  This is the first time rates have increased in four weeks. In comparison, the 30-year fixed mortgage hit its record low in November 2012 at 3.31 percent.

Mortgage rates may have increased, but they still remain close to record lows.  30-year mortgage rates declined from a two-year high that we saw in August of last year at 4.56 percent. As a result many current homeowners refinanced to lower their monthly costs. For the week ending August 1, the number of homeowners seeking to refinance jumped to 54.5 percent. This is the highest number we have seen since March, according to the Mortgage Bankers Association. More and more homeowners are realizing that they need to take advantage of these low rates before they continue to rise and as a result are choosing to refinance.

If you are looking to buy or sell a home in Crow Wing County this summer,  contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

Sunday, August 3, 2014

4 Reasons Why Now is the Time to Buy

If you are considering buying a home and are on the fence here are four reasons why now is the time to for you to buy.

  1. Mortgage Interest Rates Will Rise- Mortgage interest rates for a 30-year mortgage are hovering around 4.2%. Freddie Mac is predicting that we will continue to see this number increase. They are predicting that rates will rise to 5.2 % by this time in 2015.
  2. Prices Are Rising- Over 100 economist, investment strategists, and housing market analysts were polled for the most recent Home Price Expectation Survey.  The most recent report predicts that home values over the next five years will rise on the optimistic side by 30.8% and on the pessimistic side by 9.4%.
  3. Paying a Mortgage- No matter if you are renting or own a home you are more than likely paying a mortgage. It may be a mortgage you have taken out or you are paying your landlords mortgage.  It usually makes more financial sense to get the tax benefits from paying your own mortgage.
  4. It’s Time- When it comes to determining the cost of a home you must consider two things. First the price of the home. Second the current mortgage rate.  Why are you waiting? Consider where things are projected to head and you may see now is the time to buy.  Buying a home sooner than later could result in a large savings for you.

If you are looking to buy or sell a home in Crow Wing County this summer, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

Tuesday, July 29, 2014

Crow Wing County Fair Started today and will run through August 2nd.

The Crow Wing County fair located at 13th Street Southeast in Brainerd opened today and will run until August 2nd.  The fair is expected to draw a crowd of over 80,000 people.  The fair remains strong in tradition yet continues to offer something new each year. 

Popular event for the rest of the week include:  motocross on Wednesday; baja rally races on Thursday and Friday; and the bull riding event Aug. 2. The pit gates open at 4 p.m. each day of the fair with the events beginning at 7 p.m.

The carnival will once again be put on by Todd Armstrong, and visitors will see new rides in the Midway, which opens at noon each day.

Fair favorites such as the Cock-A-Doodle Zoo and the Mutton Bustin’ event return this year.  The zoo event allows fair goers the opportunity to experience unique animals, and learn about planetary sustainability and conservation.  Children experience the joy of riding a sheep with the Mutton Bustin’ event which is scheduled for Thursday during the bull riding intermission

For a full list of fair events visit: http://brainerd.com/fair/index.html.

If you are looking to buy or sell a home in Crow Wing County this summer, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

 

See you at the fair.

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

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