Real Estate News - January 2020 Happy new year! We’ve made it through an interesting year and are gearing up for an eventful 2020. This is an EXCITIN

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Real Estate News - January 2020

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Happy new year! We’ve made it through an interesting year and are gearing up for an eventful 2020. This is an EXCITING time, full of promise and hope and resolutions. As you celebrate the beginning of a new year, here’s what you need to know about how we closed out 2019:

In its final meeting of the year, the Federal Reserve voted to leave its key benchmark rate unchanged, which was expected. The Fed also suggested that rate changes are unlikely in the coming months. While the rate decisions by the Federal Reserve do not directly affect mortgage rates, Federal Reserve policy does affect the economic markets overall. While mortgage rates have trended up slightly in recent weeks, they remain nearly one percent lower than a year ago.

Fed Chair Jerome Powell was upbeat on the economy going forward saying, "with a strong household sector and supportive monetary and financial conditions, we expect moderate growth to continue.”

In November 2019, pending home sales were up 7.4% year-over-year. (see home sales snapshot here) While home sales declined in the past month from the previous month, it’s happening during a favorable job market and positive economic conditions, and still remain ahead of a year ago.

The beginning of a new year is always a great time to make a plan to meet your real estate goals. If you’ve been thinking about buying or selling a home in 2020, talk to me first to get off on the right foot!

Sincerely,
Kristi Weinstock
Coldwell Banker Burnet
Phone: 612-309-8332
Email: kdweinstock@cbburnet.com

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4925

4925 Woods Court

Greenwood, MN 55331

Stunning Kroiss built home in Green Woods on the Lake. Recently renovated with Martha O’Hara Interiors. Serene setting with wooded backyard located in a cul-de-sac. Enjoy the gourmet kitchen, quartz counters, Thermador appliances, sunroom & patio overlooking wooded yard.

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2432 Laport Drive

Mounds View, MN 55112

Warm and inviting home located on a private lot with beautiful mature trees offering loads of updates! Highlights include new carpeting, engineered hickory floors in the lower level, acacia flooring in the kitchen, new granite countertops, kitchen appliances, bathroom countertops, lighting and fresh paint throughout.

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17440

17440 Sanctuary Drive

Minnetonka, MN 55391

Location, location, location! Walk to Wayzata, grocery stores, restaurants, athletic clubs and coffee shops. This home offers many updates and has been wonderfully maintained. Situated on a private cul-de-sac setting this home is a stand-out.

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Kristi is an absolute pleasure to work with. From the first time you meet her, you’ll be confident and comfortable with her. She is very professional, knowledgeable, and makes the home buying/selling process much less stressful. She was great about keeping in touch; we had updates every step of the way and she was always available to answer our questions. We would highly recommend Kristi for your real estate needs; she will make the process an enjoyable one!

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Decorating Tips for the Open Concept House

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Homeowners are loving the ability to have larger spaces in their home that allow for conversation among multiple rooms. To help you decorate your open concept home, we're going to share with you some of our best tips below.

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Tips for Selling Your Home in Winter

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People often say that trying to sell a home in winter is a lot more challenging than selling the same home in summer; but the thing is, there are plenty of notable advantages when selling a home during the colder months. For instance, there would be fewer available homes in the market plus people make new home purchases year-round, so there is no shortage of buyers.

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Real Estate Market Predictions for 2020

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If it’s the end of the year, it must be time for the soothsayers to come out. When it comes to predictions for the real estate market, well, there are a lot of them. We’ve taken the temperature of the experts to get a feel for what we can expect in 2020.

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