Real Estate Blog

Are you, like many of us, wondering what is happening with interest rates right now? Are you trying to predict where they are going and what it will mean to your ability to buy or sell this year? Here at Roost, we get that question a lot, so we reached out to US Mortgage Investments for their expertise, insight, and predictions for 2018.

Rate Expectations for 2018:

See the chart below for 30-year mortgage rate snapshot for a consensus of expectations from Freddie, Fannie, MBA, and NAR. While we have already gone above the 1Q projections, we think the market will settle down and expect the 4Q numbers to come in around the 4.50% to 4.75% range. In addition, we anticipate adjustable rate terms may become more popular in the marketplace, as more clients

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When working from home, it can be easy to get distracted or lose focus, especially if your home office isn’t designed for comfort and long-term use. Too many home offices sacrifice form for function, when they should be balanced between being a comfortable place to spend time and a productive space to work.

Here are five tips for designing a new home office, or redesigning your current one, to maximize your productivity without abandoning the comfort of your own home.

Don’t Skimp On The Chair

If you’re working on a budget, a simple thing like a chair might not seem like a high priority. When you consider that you will be spending most of your time sitting at the desk, you won’t want to go with any old chair from around the house.

Get a chair

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Minneapolis has a lot to offer for people looking to book their next family vacation. The city is split into several neighborhoods, each with their own distinctive feel. There’s Northeast which has art and authentic foods from different cultures. Uptown is a younger area with quirky restaurants and theaters. All of the city’s sports teams and skyscrapers are located downtown.

Check out our list of fun things to do and places to see with your family during a weekend in Minneapolis:

Walker Art Museum

The Walker Art Museum hosts a free family event on the first Saturday of every month. The event includes music, games, crafts, and children’s films. Each month has a different theme. For example, February’s theme was Cabin Fever. The museum invited

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When planning on relocating to a new city and possibly a new state, Minneapolis and Saint Paul probably aren’t what immediately come to mind. To your average American living outside this area, two cities in the middle of the American Midwest doesn’t exactly scream “one of the most exciting places to live in,” however, that couldn’t be further from the truth. Minneapolis and Saint Paul, known as Minnesota’s “Twin Cities,” are two of the state’s largest cities. Together, this area is famous for a number of things: its titled as one of America’s most literate cities, the Mall of America, there are 15 Fortune 500 companies that are located between the Twin Cities, its infamous winters, and, of course, Prince, Minnesota’s greatest contribution to the music

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Buying a new condo in Minneapolis is exciting! It’s fun to see different condo styles and layouts and get an idea of how people make small or awkward spaces work.

But, believe it or not, touring a lot of properties can become exhausting. As a buyer, you may not think that after seeing your first few properties; but as Realtors who’ve worked with hundreds of buyers, we know it happens. And we find that when buyers start to feel overwhelmed and exhausted with the process, they tend to settle on properties that don’t align with what their initial wants and needs were. As a Realtor, it can be heartbreaking to see a buyer settle on a home that may not be the perfect place for them.

You may think it’s common sense to see as many houses as possible before

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Do you know what your credit score is? If you don’t, you’ll want to check that out and verify there are no discrepancies. Credit Karma is an easy to use website that will send you a monthly update. You can also get a full credit report from any of the major credit reporting agencies once per year. 

Now that you have your credit score, now what?

Hopefully your score was around what you were expecting! Now to determine what that number means, check out what range your number falls in.

What does that number mean for you?

Do you think you need an “Excellent” credit score to obtain a mortgage? You don’t, in fact, over 50% of mortgage holders have a credit score between 600 and 749.

How does your credit score impact your mortgage?


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Joe and Becky answer some of the most frequently asked questions we get about the current market trends.

Is it still really competitive for buyers right now? 

J: Absolutely. Many of the Buyers from the late Spring and early Fall markets that lost out in multiple offers this year are still lingering. While many of them are locked into new leases or have found temporary housing, there is still the motivation to have something to own. Typically we start to see a drop in October in our business and that didn’t come until a little bit later this year, and it’s already starting to slightly ramp up, which typically doesn’t happen until after the New Year and even beginning of February. With low-interest rates and dream of ownership, buyers are plentiful!

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Wow! What a year it has been. As the weather continues to get colder, the market is slowing down. However, it’s because of lack of inventory! The Twin Cities remains low at 2.3 months of supply, about 50% of what it takes to supply a market of buyers. This is down from a 2017 high of only 2.7 months of supply, so the shortage has been ongoing, creating a bit of a squeeze.

As a result, sellers are getting roughly 6.5% more $/sq ft than last year, and average days on market is down 14% to last year. The amount of homes for sale has dropped 16% to last year - we need your help!

In fact, depending on the market, we likely don’t need to take the time to list your home and do a ton of showings, we can market it offline, gather interest, and ideally

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Homebuyers and sellers in Minnesota are quickly learning all about radon. From seeing radon information when reviewing a sellers disclosure to buyers being asked if they would like a radon test when calling to schedule a home inspection, radon continues to be a topic with questions. 

So what is Radon?

Radon is a gas produced by natural breakdown of uranium in soil, rock and water.

Why is Radon a concern?

 Scientists estimate there are 15,000 to 22,000 lung cancer deaths in the U.S. each year that are linked to high radon exposure.

How do you test your home for radon?

Radon tests can be done by most home inspectors, they have calibrated machines that are placed in the basement, or lowest level of the home for 48 hours. Homeowners can also

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While sellers expect that buyers are going to have an inspection, most sellers do not expect an intrusive inspection. In fact, if you want to do anything like this you need the sellers’ permission to do so by writing the purchase agreement for an intrusive inspection.

What is Intrusive?  Anything requiring your inspector to drill or cut into the exterior, removing a section of drywall, removing any attached fixtures, or anything of that sort.

Why would you want to ask for an intrusive inspection, wouldn't most sellers just say no?  The main reason we see intrusive inspections in the Minneapolis area is for stucco exterior homes, where in this case sellers typically expect the buyer to want to test the stucco for moisture. 

When are Intrusive

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