Posts in category 'Twin Cities'

Housing 

Cash buyers continue to make up a significant portion of the U.S. housing market, with nearly one-third of home sales this year being all-cash purchases. Although investors make up a considerable number of cash sales transactions, the increasing availability of remote work during the pandemic has allowed some homeowners to sell their homes in pricey markets and relocate to less-expensive locales, where they're able to pay cash for a new home, giving them an edge in a highly competitive market.

Provided by the Minneapolis Area Association of Realtors.

Mortgage Rates

Concerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth. While the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit... 

~Provided by www.freddiemac.com 07-22-21

If you've been busy exploring Minneapolis homes for sale, you're sure to find your dream home soon! When you do, you'll want to make your new house feel like a home by choosing decor you love. 

There's nothing quite like an original painting to give your walls some character. Sure, you could buy a painting, but why not make your own? There are several great DIY painting classes and parties in the area. They're a ton of fun and are a great way to relax. Best of all, when you're done, you'll have a one-of-a-kind creation to hang in your new home. 

July is World Watercolor Month, making now the perfect time to try out your painting skills. Here are a few of the best local places where you can embrace your inner Picasso.

Click Here to Read More...

What could be better than a fresh, cool, flavorful scoop (or two!) of ice cream on a summer day in the Twin Cities? Whether you're searching for a scoop near Minneapolis homes for sale, planning a family outing close to St. Paul homes for sale, or trying to sample the best flavors in both cities, there's nothing like an ice cream tour of the Twin Cities. Start scouting out your favorite flavors and planning your next ice cream outing with our guide to 6 great places to grab a scoop around the Twin Cities.

• Milkjam Creamery – 2743 Lindale Ave. S., Minneapolis, MN 55408
  You never know what you might find when you visit Milkjam Creamery, and that's part of the fun. This popular Minneapolis ice cream shop is constantly experimenting with new flavors, and creating new things for you to try. Summer is a great time to enjoy some special, unique seasonal flavors at Milkjam Creamery, and there are a wide variety of gluten-free flavors available so that everyone can get in on the fun.

  Click Here to Read More...

With its abundance of lakes, river, and streams that have many different types of game fish, the Twin Cities has plenty of spots that are perfect for fly fishing. Whether you prefer walking a stream, wading in a river, or casting from a boat, pier, or the shore, you'll be able to do it at several area locations.
  
Try the following five fly fishing destinations around the Twin Cities and located near Minneapolis homes for sale or St. Paul homes for sale.  

1. Lake Calhoun – about 3 blocks west of Lake St. and Hennepin Ave., Minneapolis   
   Lake Calhoun is a prime spot to fish for bluegill, crappie, tiger muskie, Northern pike, largemouth bass, walleye, yellow perch, bullhead, and carp. The pier lets you cast into deep water, so you don't necessarily need a boat to reel in a big one. Recommended flies include the wooly bugger, bass popper, small nymphs, and minnow patterns. And as an added bonus, you'll be able to enjoy beautiful views of the Minneapolis skyline from the lake.

   Click Here to Read More...

Housing 

Despite elevated demand for housing, construction of new homes fell in April, with the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reporting a 9.5% decrease in housing starts from the previous month. Rising building costs continue to hinder affordability and inventory for many homebuyers, although shortages in labor, issues with the U.S. supply chain, and lasting impact from late winter storms have also contributed to the decline in new construction activity, putting some projects on pause for the time being.  

Provided by the Minneapolis Area Association of Realtors.

Mortgage Rates

Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow. In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Substantial opportunity continues to exist today, as nearly $2 trillion in conforming mortgages have the ability to refinance and reduce their interest rate by at least half a percentage point.

~Provided by www.freddiemac.com 05-27-21