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The North Loop neighborhood in Minneapolis offers a unique blend of historic charm and modern living. The area’s real estate market has also seen consistent growth over the years, making it an attractive living and investment option. What sets the North Loop apart is not just its trendy boutiques, vibrant dining scene, or proximity to downtown, but its welcoming attitude towards our four-legged...
Alex Gripp (Mortgage Lender) and Zach Olson (Urban Realtor) What Pre-Approval Does for You To understand why it’s such an important step, you need to know what pre-approval is. As part of the homebuying process, a lender looks at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you know how much money you can...
The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that's a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers. If you’re in the market...
Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents' roofs to owning their own homes. If you’re a member of...
Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes...
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand...
For many, buying a home is a dream come true—a symbol of stability, security, and a place to call their own. However, the specter of high interest rates can cast a shadow of doubt over this dream, causing homebuyers to hesitate. But is this hesitation warranted? Let’s explore why high interest rates shouldn’t deter people from buying a home. The Relationship Between Interest Rates and Home Prices A...
When you’re house hunting, you have a lot of options. Single-family home? Multi-family home? Apartment? Townhouse? Or maybe a condominium? Living in a condo can be an attractive option for everyone from first-time homebuyers to empty nesters. So, what makes condo living such a desirable choice? Here are the top 10 reasons why people love living in a condo. #1 Amenities Looking for a convenient and...
Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides. Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you...