Lakeplace.com

Lakeplace.com If you are looking to buy or sell any real estate, I specialize in all properties!

Economic growth is expected to push interest rates higher in the coming months, making today’s near-record low rates an ...
08/27/2021

Economic growth is expected to push interest rates higher in the coming months, making today’s near-record low rates an opportunity for homebuyers and homeowners looking to refinance their loans, Khater said. This is the time to buy!

Mortgage rates were lower this week as U.S. Treasury yields dropped, but economic recovery could push them higher in the months to come.

Eviction Moratorium Update!
08/26/2021

Eviction Moratorium Update!

Last week, the U.S. Supreme Court denied a request to block the CDC from imposing their eviction moratorium—giving the federal moratorium another month of life. What does this mean for investors?

Home prices were up 15.4% in May compared with May 2020, according to CoreLogic. Prices, however, are projected by CoreL...
08/25/2021

Home prices were up 15.4% in May compared with May 2020, according to CoreLogic. Prices, however, are projected by CoreLogic economists to increase 3.4% by May 2022, as affordability challenges hit some buyers and cause a slowdown in price growth. Full read below!

Strong demand and record-low supply in the housing market are starting to ease, which should alleviate the incredibly high competition in the market.

More home buyers are using reverse mortgages to purchase their next home. A new study finds that a quarter of 170 new ho...
08/25/2021

More home buyers are using reverse mortgages to purchase their next home. A new study finds that a quarter of 170 new home buyers surveyed wouldn’t have purchased a new home without using a reverse mortgage for financing.

Improvements in consumer education around this type of loan are necessary, as many are unaware of their options, say the authors of a new study.

Here's why buying a home makes sense now more than ever before. Let's connect and get you out of renting and into homeow...
08/23/2021

Here's why buying a home makes sense now more than ever before.

Let's connect and get you out of renting and into homeownership!

Nationally, monthly rents are finally growing faster than their pre-COVID rates.

New residential construction made modest gains in June, as lumber prices finally began to settle back down to Earth, acc...
08/20/2021

New residential construction made modest gains in June, as lumber prices finally began to settle back down to Earth, according to the U.S. Census Bureau and HUD.

The increase in housing starts is a welcome gift, but experts say builders aren't yet betting recent improvements in materials costs are here to stay for the long term.

Annual home price growth reached an all-time high of 18 percent in May. The demand for buying is still skyrocketing... c...
08/19/2021

Annual home price growth reached an all-time high of 18 percent in May. The demand for buying is still skyrocketing... click the link for more!

Annual home price growth reached an all-time high of 18 percent in May, according to the Federal Housing Finance Agency's latest home price index report.

Housing affordability continues to decline ⬇️ as the hot real estate market fuels skyrocketing ⬆️ prices. Find out how i...
08/18/2021

Housing affordability continues to decline ⬇️ as the hot real estate market fuels skyrocketing ⬆️ prices.

Find out how income levels are being analyzed with mortgage costs!

Even though mortgage rates are down from a year ago, the median existing-home price has jumped 24% in that time. Get more insights from NAR’s Housing Affordability Index.

⬇️ Check out the most recent economic outlook in relation to real estate and income levels in this interesting article ⬇...
08/17/2021

⬇️ Check out the most recent economic outlook in relation to real estate and income levels in this interesting article ⬇️

At the national level, housing affordability declined in May compared to a year ago, as the median family incomes rose modestly by 1.2% while the monthly mortgage payment increased 20%.

Mortgage rates hit new all-time low for 15-year loans!
08/16/2021

Mortgage rates hit new all-time low for 15-year loans!

Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory. Rates for 30-year loans dipped as well.

The apartment market is booming. Based on NARS's analysis of CoStar market data in 138 markets, net absorption rose by 2...
08/13/2021

The apartment market is booming. Based on NARS's analysis of CoStar market data in 138 markets, net absorption rose by 207,035 units in 2021 Q2 from the prior quarter. Read the full details below!

The apartment market is booming. Based on NAR's analysis of CoStar market data in 138 markets1, net absorption (change in number of occupied units) rose by 207,035 units in 2021 Q2 from the prior quarter.

Listen to this top podcast on supply or demand within the housing market! Education first ✅
08/13/2021

Listen to this top podcast on supply or demand within the housing market! Education first ✅

In this episode of the REconomy podcast from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi examine the supply and demand dynamic in the housing market to explain why home sales are declining....

Address

Cross Lake, MN
56442

Telephone

+12188200648

Website

Alerts

Be the first to know and let us send you an email when Lakeplace.com posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Lakeplace.com:

Shortcuts

Share

Category