I don't even know how to pick the best one of my weekend opens, so I'm pleading, imploring ... just stop by each one!  I have three great opens this weekend:  one in South Minneapolis, one in downtown Minneapolis and one just off Summit Avenue in Saint Paul.  Here's the line-up:

Saturday, October 19, 12 noon - 2pm
3421 Fremont Avenue S, Minneapolis, MN
$535,000  3 bedrooms, 2 bathrooms, 1 car detached garage, 1914 square feet
More info here:  https://bit.ly/48anqdR
Welcome to your private oasis just blocks from the chain of lakes! This charming home on a quiet, one-way street offers the perfect blend of comfort and convenience. The main floor is an inviting, flowing space filled with natural light, character and classic elegance. Features include brick…

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I have two buyer closings and a listing closing in the last two weeks of October and I can tell you that the difference between the skills needed to work with buyers versus sellers is almost night and day.  If there's a common thread, it's that I share the emotion of missed opportunities or longer time on markets with you,  just as I feel similar highs when your offer gets accepted or you get that great offer that enables you to sell your home and move on to your next home adventure.   In this blog, I'll focus on what I bring to the table when working with Buyers.

With Buyers
Most of our TIME is going to be spend "finding".  Obviously, what's new on mls?  What's been sitting for a while or has taken a recent price reduction?  What's available pre-market…

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Happy Saturday.  Fall is here, can you feel it?

The market feels like it's picking up the pace again.  Lots of new listings and buyer activity going on.  I expect both of these open houses to be active today since the buyer energy is back.   Check these out!

Saturday, October 12, Noon - 2pm
5533 Xerxes Ave S, Minneapolis, MN
$574,900   4 bedrooms, 2 baths, detached 1 car garage, 2108 square feet
More info here:  https://bit.ly/4dEY1dm
I had the opportunity to tour this yesterday and it's a lot of house!  The home was renovated in 2018, so just about everything has been updated, including roof and mechanicals.  Cozy living, dining and kitchen area with private main floor bedrooms and full bath.  Downstairs is also completely finished with a family room,…

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My wife and I traveled to Chicago last weekend and then hit the Wisconsin Frank Lloyd Wright Trail to see some of his works.  If you'd like to see pictures, check out my personal facebook page.  Anyway, off for vacation last weekend, but back in action this weekend four open houses in three new/er listings.  Here you go:

My New Listing!
Saturday, September 28, Noon - 2pm  AND
Sunday, September 29, Noon - 2pm
4200 12th Ave S, Minneapolis, MN
$379,900  3 bedrooms, 2 baths, 2 car detached garage,  2401 square feet
More info here:  https://bit.ly/4ekZlmH
My new listing in Minneapolis' Northrop neighborhood is a gem.  Tons of character, original hardwood floors, windows galore - featuring picture windows on the front and side of the home.  Spacious kitchen with…

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This Weekend's Open Houses
I'll be hosting in Edina and Minneapolis this weekend.  If those are locations where you're wanting to be, come check them out!

Saturday, September 14, 12 noon - 2pm
3032 Humboldt Ave S, Minneapolis, MN
$774,900   5 bedrooms, 3 bathrooms, 2 car detached garage, 2990 square feet
More info:  https://bit.ly/3MJLrhT
Great location, walk to the lake, upgrades throughout including kitchen and owner's suite.  Move-in ready and waiting for you!

Saturday, September 14, 3pm - 5pm
6817 Saint Patricks Lane, Edina, MN
$725,000   4 bedrooms, 3 bathrooms, 2 car attached garage,  2784 square feet
More info:  https://bit.ly/4ee01dg
Stunning Edina two story with updated kitchen, lovely main bedroom, 1/3 acre lot.  Great floor plan with light…

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This Week's Market Outlook

It feels like the market has been in sleep mode for the past three or four weeks, but this week, it felt like things were waking up a bit.  It's all about the rates.  As of today, rates are down another few hundredths of a percent to 6.27% for a 30 year conventional and 5.65% for a 15 year note.  My sense from the realtor community is that once rates drop back into the 5's, demand may pick back up so that sellers take back their market power.  But we'll see.  The general direction for rates feels like they're headed down, which would be great for buyers who need purchasing power and for sellers who'd like to see rates for their NEXT home come down a bit before they sell.

If you're a buyer, make sure the numbers work for…

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Hi ,

Here's what's going on in the real estate market this week!  Plus, take a look at my open houses and either drop by to take a look, or tell a friend who might be interested.

Market Update
It feels like it's all about interest rates right now.  The news says that the Fed is poised to cut in September and it just seems like buyers are pausing a bit to see what that means for them.  If you want to know, just ask and I'll tell you!
Rates right now for 30 year loans are around 6.4%.  If the Fed decides to cut their lending rate by 1/4 point, then your mortgage rate might end up reflecting almost all of that.  That could bring your rate to 6.20% - 6.25%.
If the FED is more aggressive, with a 1/2 point rate cut, then your mortgage rate may end up between…

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Here's the news of the week and my take on how that might affect your buying or selling decisions:

Market Update

1) Interest Rates - with 30 year rates sitting at just under 6.5% and 15 year rates at 5.99%, you'd think that might stimulate buying activity.  I just don't see that yet.  Rates have certainly edged down over the past couple of weeks, according to Mortgage News Daily, but not enough to break the lull that's settled on housing sales.  Financial people are now thinking the Federal Reserve Board is ready to reduce rates by another 0.25% - 0.50%, but that's not fully refected in mortgage rates yet. 

2) Supply and Demand - both are down from levels we saw this Spring, but it feels like demand is softer than supply.  That's affecting…

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I'm not one to sit down with a pile of data and try to then put a chart in front of you to convince you of something.  I prefer to share what I see in the market from my own experience both with buyers and with other realtors.  So, here's what I'm seeing in the market...

Market Update
Summer Lull?  I know that sales typically slow in the summer and pick back up in the fall, but what I'm seeing right now feels like there's more to the story than that.  The market HAS slowed down.  On the buy side, I see buyers less engaged, less excited about their next home, less ready to do something right NOW.  On the sell side, sellers are still more likely to stay where they are AND I'm reading comments from my Realtor colleagues (from our online forums) that they,…

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Just a quick note about my two open houses this weekend...

I have two listings (and am about to pick up a third...) in the Centre Village building in downtown Minneapolis.  One listing is a 2 bed / 2 full bath condominium and the other is a 1 bed / 1 full bath condo.  If you fit any of these descriptions of potential owners (or know someone who does fit), let's go take a look!

Here's the "why" about who's owned and who's interested in these right now:
1)  You work downtown.  I represent and have met a number of owners who bought when these units first came up for sale in 1985 and they're here because they work and live downtown.  I talked to one condo owner who doesn't even have a car!  If you work downtown and you want your morning commute to be an…

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