Why the Lake Minnetonka housing market is showing no sign of slowdown
Why the Lake Minnetonka housing market is showing no sign of slowdown
The volatile stock market and higher interest rates are cited as reasons for why the market is cooling off, but thatβs having the opposite effect around Lake Minnetonka.
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The volatile stock market and higher interest rates are cited as reasons for why the market is cooling off, but thatβs having the opposite effect around Lake Minnetonka.
The volatile stock market and higher interest rates are cited as reasons for why the market is cooling off, but thatβs having the opposite effect around Lake Minnetonka.
Cracks are beginning to appear in the red-hot housing market. Spiraling mortgage rates on top of record-high and still-rising home prices are leading many experts to predict the real estate market is on the verge of a correctionβif it isnβt already in one. They anticipate home prices will flatten, or even go down a bit, in certain markets. Home sales have already been dropping; fewer buyers are seeking mortgages because they canβt afford the double whammy of high prices and rates on top of...
Cracks are beginning to appear in the red-hot housing market. Spiraling mortgage rates on top of record-high and still-rising home prices are leading many experts to predict the real estate market is on the verge of a correctionβif it isnβt already in one. They anticipate home prices will flatten, or even go down a bit, in certain markets. Home sales have already been dropping; fewer buyers are seeking mortgages because they canβt afford the double whammy of high prices and rates on top of...
With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. Itβs only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, thereβs concrete data to show why this is nothing like the last time. Thereβs Still a Shortage of Homes on the Market Today, Not a Surplus For historical context, there were too many homes for sale during the housing crisi...
With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. Itβs only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, thereβs concrete data to show why this is nothing like the last time. Thereβs Still a Shortage of Homes on the Market Today, Not a Surplus For historical context, there were too many homes for sale during the housing crisi...
The Dayton region's July housing data is out and numbers continue to tell a story of high prices, low inventory and little home turnover.
The Dayton region's July housing data is out and numbers continue to tell a story of high prices, low inventory and little home turnover.
A 5,002-square-foot home on a private peninsula on Lake Minnetonka in Minnetrista is on the market for $4.19 million.
The property's sweeping views are made possible through 550-feet of shoreline on Priests Bay. Other amenities outside include a landscaped yard, outdoor gas fire table and a lakeside bar and boathouse.
Inside, the home's amenities include a chef's kitchen and butler pantry, screen porch with fireplace and backup generator.
Since the home doesn't have a basement, the layout ...
A 5,002-square-foot home on a private peninsula on Lake Minnetonka in Minnetrista is on the market for $4.19 million.
The property's sweeping views are made possible through 550-feet of shoreline on Priests Bay. Other amenities outside include a landscaped yard, outdoor gas fire table and a lakeside bar and boathouse.
Inside, the home's amenities include a chef's kitchen and butler pantry, screen porch with fireplace and backup generator.
Since the home doesn't have a basement, the layout ...
Record-setting price appreciation and housing demand of the past two years has peaked and inventory is increasing, new research suggests.While homes sold more rapidly in June than in any other month this year, the volume of business is significantly below levels of a year ago, according to real estate franchise network Remax. Home sales increased on a monthly basis by 4.7% in June, the highest point in 2022. But numbers were down year over year by 17.6%, and none of the 53 metropolitan areas su...
Record-setting price appreciation and housing demand of the past two years has peaked and inventory is increasing, new research suggests.While homes sold more rapidly in June than in any other month this year, the volume of business is significantly below levels of a year ago, according to real estate franchise network Remax. Home sales increased on a monthly basis by 4.7% in June, the highest point in 2022. But numbers were down year over year by 17.6%, and none of the 53 metropolitan areas su...
After two years of a red-hot housing market in Charlotte, the tide has turned. Local home sales, contract activity and listings fell year over year in September, according to a monthly report from Canopy Realtor Association.
After two years of a red-hot housing market in Charlotte, the tide has turned. Local home sales, contract activity and listings fell year over year in September, according to a monthly report from Canopy Realtor Association.
Listing agent Drew Hueler said the home, which received multiple offers, attracted so much attention because the home displayed an extremely high level of detail in construction and maintenance.
Listing agent Drew Hueler said the home, which received multiple offers, attracted so much attention because the home displayed an extremely high level of detail in construction and maintenance.
Milwaukee-area home sales in March and in the first quarter were up compared with the same periods last year, the Greater Milwaukee Association of Realtors (GMAR) said in its April 11 update. However, there's no sign of a housing bubble, the group said.
Milwaukee-area home sales in March and in the first quarter were up compared with the same periods last year, the Greater Milwaukee Association of Realtors (GMAR) said in its April 11 update. However, there's no sign of a housing bubble, the group said.
The pandemic has supercharged Utahβs housing market driven by historically low-interest rates and low unemployment rates. Utahβs home prices have skyrocketed. Utah housing market has been ranked as the nationβs #1 housing market for the strongest pace of job growth, along with low unemployment, low mortgage rates, few mortgage delinquencies, and low state & local [β¦]
The post Utah Housing Market (Salt Lake City) Trends & Forecast 2022 appeared first on Norada Real Estate Investments.
The pandemic has supercharged Utahβs housing market driven by historically low-interest rates and low unemployment rates. Utahβs home prices have skyrocketed. Utah housing market has been ranked as the nationβs #1 housing market for the strongest pace of job growth, along with low unemployment, low mortgage rates, few mortgage delinquencies, and low state & local [β¦]
The post Utah Housing Market (Salt Lake City) Trends & Forecast 2022 appeared first on Norada Real Estate Investments.