K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

HUD Articles

Build Your Home With Renewable Options

April 12, 2024

In the world of new single-family homes, there's a cool shift happening: builders are using renewable materials more than ever! Take bamboo, for instance. This stuff grows super fast and is as tough as traditional hardwoods, making it a prime choice for eco-friendly building without sacrificing style or durability.Then there's recycled steel, which is helping keep ...

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Real estate expert explains how housing problems are getting worse

April 12, 2024

Published April 11, 2024By Alicia Warren FOXBusinessFirst-time homebuyers are likely to face more industry headwinds as mortgage rates and homeownership costs skyrocket in today’s economy.Mitch Roschelle, managing director at Madison Ventures+, said "it couldn’t be a worse time of year" as mortgage rates hit their highest level since November. "The timing is awful,...

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Changes to real estate commissions expected to take effect in July Story by Gina Joseph, The Macomb Daily, Mount Clemens, Mich

April 11, 2024

Apr. 7—The National Association of Realtors has agreed to make some policy changes in order to settle multiple class-action lawsuits brought on behalf of home sellers across the United States, in addition to paying $418 million over four years.However, that which has brought an end to litigation has stirred up questions and considerable uncertainty in an industry ...

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How Much House Can I Afford?

April 10, 2024

How to Calculate How Much House You Can AffordIf you want to dig a little deeper on how much house you can afford and get into some of the more nitty-gritty details, I’ve got you covered. We’re going to go over all the numbers step by step. (Don’t worry if math isn’t your thing—I ...

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5 Things to Watch for While Touring Homes

April 09, 2024

When embarking on the exciting journey of buying a home, it's crucial to be well-prepared and knowledgeable about the process. One of the most important steps in purchasing a home is touring potential properties. This is your opportunity to see if a house matches your needs and preferences. To make the most of your home tours, here are ...

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Is McHenry County, IL a buyer’s or seller’s market?

April 08, 2024

Median Sold Price$319,934$169/sqftBased on all homes sold in the last 12 months.Difference Since March 2023+$20,277(+6.8%)Key TakeawayHomes in McHenry County have sold for 6.8% more than they did a year ago.Summary: The median home sold price in McHenry County was $319,934 in March 2024, up 6.8% from last year, and the median ...

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Spring Clean Up!

April 08, 2024

Spring has sprung in Michigan!!! Here are some tips for spring cleaning your home this spring...-Change smoke alarm batteries-Change furnace and dehumidifier filters- Clean your gutters and downspouts-Clean any remaining leaves from around your yard and house-Powerwash your house and wash window exteriors-Spray for pests- Treat your lawn if needed- Pull out patio furniture and outdoor items-Declutter interior ...

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Credit scores and the home buying public

April 04, 2024

Credit scores and the home buying publicIn order to successfully purchase a home, credit scores are an important part of the process.  Lenders will review your scores to see if you make on time payments and pay back your debts.  A good credit score may help determine your mortgage rate, too.While credit scores arent the only ...

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Home Insurance Vs Home Warranty

April 03, 2024

Home Insurance Vs. Home WarrantyHome Insurance is a policy your lender will require if you obtain a loan.  This policy covers damages to your home such as roof damage due to a fallen tree, fire ect..Home Warranty is a policy that will cover those unexpected expenses for roof leaks, appliance failure, maybe your water heater has stopped ...

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HONEY, I SHRUNK THE HOUSE

April 03, 2024

Newly-built homes reached their smallest median size in 13 years, NAHB reports.What’s the ultimate hack to afford a home in today’s over-inflated market? According to the National Association of Home Builders (NAHB), buyers are looking for smaller homes that come with smaller price tags. Builders are responding accordingly; an NAHB analysis found that new homes built ...

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Governor Whitmer’s Work to Invest in Affordable & Attainable Housing

April 02, 2024

Released Michigan’s first Statewide Housing Plan, outlining goals and strategies to tackle the state’s affordable and attainable housing crisis.  ·  In her 2024 State of the State Address, she announced that the State of Michigan will make the largest investment to build housing in Michigan history, nearly $1.4 billion to build or ...

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Redefining Homeownership: The Rise of Single Women Buyers in Real Estate

April 02, 2024

In recent years, there has been a notable shift in the landscape of homebuyers, with single women emerging as a significant demographic. According to the National Association of Realtors, 19% of all homebuyers are single women, while only 10% are single men. This trend underscores the changing dynamics of the real estate market and highlights the unique considerations and ...

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How To Prevent Spring Flooding

April 01, 2024

April showers bring May flowers. But sometimes heavy downpours can bring unwanted surprises, like roof leaks or water in your basement. Not to worry. These smart steps can help prevent water damage in the spring.How to Prevent Springtime Water DamageKeep your home protected when the spring rain hits by going over your home's interior and exterior.Groom ...

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Your Credit Score

March 27, 2024

The importance of good credit is a fact of life.  Banks  and credit card companies decide if they should lend you money and what interest rates you will pay based on your credit score.  Know your credit score and what it means to banks and credit card companies and your future.  The decisions you make ...

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Does HUD counter buyer's offers?

March 16, 2024

This note will clarify, HUD’s “counter offer” to a bid.  In this process, HUD informs you of the “net” required and give you a chance (but not an exclusive one) to make a new offer along with any other bidders.  This is not the same as traditional real estate, as HUD is accepting other ...

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Mortgage Rates Tumble For The Second Week in A Row

March 15, 2024

Mortgage rates dropped for the second week in a row, falling nearly a quarter of a percentage point over the past two weeks in the face of stronger-than-expected employment and inflation data.The 30-year fixed-rate mortgage averaged 6.74% in the week ending March 14, down from 6.88% the previous week, according to data from Freddie Mac released ...

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Speculation investing in Real Estate - The Pros and Cons

March 15, 2024

Speculation buying in real estate can be tempting. The idea of scooping up a property, waiting for its value to skyrocket, and then selling for a hefty profit is undeniably appealing. But is it a sound strategy? Before you dive headfirst into the world of speculative real estate, it's crucial to understand both the potential rewards and the ...

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Home Prices Continue to Rise

March 15, 2024

The Federal Housing Finance Agency published the 2023 Q3 Housing Price Index report and national data shows home prices rose in October, up 0.3% from September. House prices rose 6.3% from October 2022 to October 2023. The previously reported 0.6% price increase in September was revised to a 0.7% increase. The five-year home appreciation ...

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Mortgage Rates Just Dropped—and So Have Home Prices. Is This the Start of a ‘Sustainable Trend’?

March 15, 2024

By Margaret HeidenryMar 14, 2024The unpredictable mortgage rate ride continued this week—and landed in a positive place.The average rate for a 30-year fixed home loan ticked down from 6.88% to 6.74% for the week ending March 14, according to Freddie Mac.“The 30-year fixed-rate mortgage decreased again this week, with declines totaling almost a ...

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Spring Maintenance Tips

March 15, 2024

The days are getting longer, and Spring is in the air, making it the perfect time to check on the state of things in and around the house.  Here are a few maintenance tips for spring.1. Inspect Your RoofAt the top of our list is a roof inspection. Although everything may look great from the ground, there ...

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6 Tips to Sell Your Home Fast

March 14, 2024

6 Tips to Sell Your Home Fast 1. Find the Right Real Estate AgentIf you want to sell your home fast, the first step is to hire a real estate agent. The ideal person will know the local market and have a sales record that proves they know how to sell. Keep in mind the seller is often responsible ...

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Getting Your Home Ready for Spring!

March 13, 2024

How to Get Your Home Ready for Spring!1. Check the smoke alarmsChecking your smoke alarms is fast and simple, but super important! You should test your smoke alarms and carbon monoxide detectors once a month and replace the batteries once every 6 months. Check out these tips for testing, replacing and caring for your alarms.Pro tip: it’...

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How to Buy a Home in 2024

March 12, 2024

The year 2024 is an exciting time to be in the market for a new home. As the real estate industry continues to evolve and adapt, there are several key factors to consider when buying a home. In this blog post, we will discuss the steps to buying a home, provide tips to help you make good offers, and ...

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What Will the Housing Market Look Like Once Mortgage Interest Rates Drop? Here’s What Homebuyers Can Expect

March 11, 2024

Homebuyers who are gearing up to shop the spring housing market might wonder whether the mortgage rate gods will smile in their favor.They’re right to worry: In October, rates hit a 23-year high of 7.79% for a 30-year fixed loan, according to Freddie Mac.Since then, rates have come down to 6.94% for the week ...

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$1 billion saves Flagstar Bank’s parent company, NYCB

March 11, 2024

Jordyn BurrellPublished: Mar. 6, 2024 at 10:49 PM ESTLANSING, Mich. (WILX) - It was a rough day for the parent bank of Flagstar after it nearly collapsed Wednesday afternoon.People have money in more than 100 Flagstar banks in Michigan.New York Community Bank was ultimately bailed out of the collapse by former Treasury Secretary Steve Mnuchin, backing the ...

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