Real Estate Blog

Happy St. Patty’s Day!  Your lucky leprechaun here with my weekly market update and open house offering.

 Market Update
Maybe it’s just me, but the market seems to have a more cautious feel to it.  Some homes are still selling in multiple offers, but more seem to be staying on the market longer and buyers are working harder to find something that’s just right for them, rather than settling for “pretty close”.  This is also a big week that could influence mortgage interest rates.  With the Fed meeting on Wednesday as the stock market continues to post all time highs and inflation posting hotter than expected numbers, folks are on pins and needles about what’s next.  I’m not a finance guy, but I’m in the camp that says the Fed won’t raise rates this week, but they will change their tone about cutting rates.  I think the tone will change to more “let’s wait and see” and “we’ll hike if we have to”.  And that’s a big change from how we entered the year thinking four quarter-point rate cuts were coming.  IF the Fed takes a more hawkish tone on rates, expect mortgage rates to drift up, even if they don’t announce a hike. 

 My advice:  life moves on.  People need to move for a lot of reasons:  divorce, death, birth, marriage, retirement, relocation, age.  If you’re in one of these phases of life, find the home you can afford… and buy it! 

 Open House

I have one open this weekend and it’s today! 

Sunday, March 17, 1pm – 3pm
4712 York Ave S, Minneapolis, MN
$585,000   4 bedrooms, 2 bathrooms, 2 car detached garage, 1748 square feet
More info here:  https://bit.ly/3PlRsTt
This gorgeous 4-bed home is nestled in the beautiful Fulton neighborhood just blocks from Lake Harriet and 50th & France. Sellers have not spared any expense on updates in this home. Enjoy a brand-new kitchen/dining space with beautiful hardwood floors, quartz counters, and all new appliances.  Complete remodel with new electric and plumbing.  Great spaces throughout.  Make this your new home sweet home in the Fulton neighborhood today!

 Have a great day and don’t freak out about the snow.  It’s Minnesota!

 Mitch

 About me: 
Yes, I’m a Realtor® working with buyers and sellers in the greater Twin Cities and western Wisconsin.  Questions about buying, selling, home values, market, anything related to real estate, let’s talk!