Home Prices - Linda Johnson, CRS

Buying, Home Prices, Mortgages

Should We Wait for Rates to Drop?

Everyone keeps asking if they should wait for rates to drop. Here’s the reality and some context: In the 1980s, people were buying homes at 12% In 2020, rates were around 3% Today we’re in the mid 6% range In 2025 the average was 6.6% Today it’s just a touch lower. People think waiting is […]
Home Prices, Home Value, Market Information, Selling

Do Elections Impact the Minneapolis Area Housing Market?

Do Elections Impact the Housing Market? The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market. It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event […]
Home Prices, Home Value, Housing Market Updates, Inventory, Market Information

Home Prices Aren’t Declining, But Headlines Might Make You Think They Are!

Home Prices Aren’t Declining, But Headlines Might Make You Think They Are If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices. The bottom line is home prices are higher than they were a year ago at […]
Affordability, For Sellers, Home Prices, Home Value, Housing Market Updates, Market Information

Focus on Time in the Market, Not Timing the Market

Focus on Time in the Market, Not Timing the Market Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered. If you’re able to buy at today’s rates and […]