Real Estate News from Kristi Weinstock
July 2013
 

 

 

In This Issue
Twin Cities housing market now in sellers' favor
Mortgage Interest Rates: Where Are They Headed?

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Inventory levels lowest in 10+ years!

 

 

 

The Market is better than you think, inventory is LOW, and it's the PERFECT time to sell your home!

 
 

 

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Real Reviews

The service and personal attention we received from Kristi Weinstock was exceptional and unexpected from a Realtor!  Her knowledge of the local market and the community helped us sell our home quickly in a very tough market.  Her positive attitude made this challenge much more pleasant!

 

Sincerely,

Darrell and Missy C

   

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Welcome!

          

They're finally here - those lazy days of summer! Now that we're into the swing of relaxation, summer nights, and enjoying more time in nature, it's the perfect time to kick back and let the stress of the winter melt away.

 

It's also the perfect time to sell your home! Inventory is low, prices are going up, and there are buyers looking for YOUR home. I am now accepting listings, so please give me a call if you or someone you know is in market to list.

 

Kristi

Coldwell Banker Burnet

612-309-8332

kdweinstock@cbburnet.com

www.KristiWeinstock.com

 
Is this the year you are planning on putting your home up for sale?  If your answer is "yes" or "possibly, depending on price" we have a GREAT option for you. We'll take a look at your home and discuss pricing.  Once we've determined a number, we keep your home on file. If/when we have a buyer looking for a home matching your criteria, we give you a phone call to set up a private showing. This really works!

 


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Twin Cities housing market now in sellers' favor

Article by: JIM BUCHTA , Star Tribune

 

Pending home sales rose in May to the highest level in eight years.

 

The housing recovery hit another milestone last month, with pending sales in the Twin Cities rising to their highest level in eight years.

 

Such a jump offers more evidence that the market is tilting in favor of sellers, who are commanding a higher percentage of their asking prices and selling their homes more quickly than last year. Increasing prices are also encouraging more sellers to test the market - new listings jumped 26 percent last month.

 

"These favorable market conditions for sellers will invite more new listings as summer rolls on," said Kate Beckman, president of the St. Paul Area Association of Realtors and branch vice president for Coldwell Banker Burnet.

 

In May, sales jumped almost 13 percent to 5,363 while pending deals rose 19 percent to 5,872, according to a report Wednesday from the Minneapolis Area Association of Realtors. Prices also posted a healthy gain, rising 15 percent to $194,450, the highest level in five years.

 

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Mortgage Interest Rates: Where Are They Headed?

by The KCM Crew

 

Today's $20,000 question is...Where are mortgage rates headed in the near future? Most believe the rapid rise in rates experienced over the last month will not be sustained and that they will level off into a range between 4% and 5%.

 

When recently asked, Zillow's director of Mortgage Marketplace, Erin Lantz suggested:

 

"It is impossible to predict. However, we expect there to be a lot of volatility, probably between 4.5% to 5%."

 

In Bankrate.com's Mortgage Rate Trend Index last week, 20% of the experts said rates would go up this week, 30% said rates would go down and 50% said they would remain unchanged.

What about going forward?

 

Doug Duncan, chief economist for Fannie Mae recently addressed where mortgage rates may eventually end up:

 

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