November 2022 Housing affordability continues to be a major roadblock for market participants, withmortgage rates more than double compared to this time last year. Buyers are delayinghome purchases in hopes rates will drop, while many sellers are holding off on listingtheir homes due to weakening buyer demand, unwilling to trade in their current lowerrates for […]
Monthly Market Stats For October
October 2022 Existing home sales declined nationwide for the eighth consecutive month, falling 1.5%as of last measure, according to the National Association of REALTORS® (NAR), withsales down nearly 24% from the same period last year. Pending home sales alsodeclined, dropping 10.9% month-to-month, exceeding economists’ expectations.Stubbornly high inflation and soaring borrowing costs have eroded buyer purchasingpower […]
Holiday Party 2022
Celebrate the season with The Exceptional Home Team and Summit Mortgage Corporation! You are invited to our holiday party where Santa and Mrs. Clause will be there to have fun and take pictures with your kids. We are also collecting Toys for Tots again this year. Can we count on a toy donation to Toys […]
How Couples Can Find the Right House in the Lake Minnetonka Area
Are you ready to pop the big question? For some people, it might be “Will you move in with me?” or it could even be proposing. Whatever the case, if you and your significant other are ready to call a house, condo, or townhouse home, you should keep a few things in mind. Follow these […]
Monthly Market Stats For December
December 2020 December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market. New Listings in the […]
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