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

HUD Articles

Good news for buyers

December 08, 2022

Good news for buyers!  Todays slowing home market comes with some great advantages for home buyers.There are many more homes to choose from than there were in the spring and summer.  While it is still a sellers market, it is moving toward more advantages for buyers.Bidding wars have decreased!When there is a frenzy, ...

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How to Prepare to Finance a Home

December 07, 2022

Develop a budget.Instead of telling yourself what you’d like to spend, use receipts to create a budget that reflects your actual habits over the last several months. This approach will better factor in unexpected expenses alongside more predictable costs such as utility bills and groceries. You’ll probably spot some ways to save, whether it’s cutting ...

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12 Tips to Make Your Home More Energy Efficient

December 06, 2022

Now that the winter months are upon us, do you once again dread another season of sky-high heating and electric bills? Although you may blame this on inflation and other factors that are out of your control, as a homeowner, you have control over how efficiently your home uses energy. To use power more efficiently to save yourself a ...

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Foreclosure Rates for All 50 States in October 2022

December 02, 2022

After last month’s short–but sweet–downtick in foreclosure rates, October has reestablished the year-long trend of increased filings. The number of U.S. housing units that went into foreclosure in October 2022 was 32,376, according to the experts at ATTOM Data Solutions. This is a considerable 57% surge from a year ago. However, it is only ...

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Creating Curb Appeal

November 18, 2022

Someone said, “a stunning first impression was not the same thing as love at first sight. But surely it was an invitation to consider the matter.” This could not be truer than in selling a home. First impressions matter. Sometimes they are everything.Nothing sets the tone of a relationship or transaction more than first impressions. So, ...

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FEDERAL HOUSING ADMINISTRATION ANNUAL REPORT SHOWCASES CONTINUED LEADERSHIP IN AFFORDABLE HOME FINANCING AND STRENGTH OF THE MUTUAL MORTGAGE INSURANCE FUND

November 18, 2022

HUD No. 22-235HUD Public Affairs(202) 708-0685FOR RELEASETuesdayNovember 15, 2022 Annual report to Congress highlights FHA’s leading role in supporting affordable home financing for first-time homebuyers and borrowers of color, providing assistance to struggling homeowners, and addressing housing supply and affordability.WASHINGTON – The Federal Housing Administration (FHA) today released its Annual Report to Congress on the financial status ...

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HOME FLIPPING DECLINES AGAIN ACROSS U.S. DURING THIRD QUARTER OF 2022 AS INVESTOR PROFITS HIT 13-YEAR LOW

November 16, 2022

 ATTOM, a leading curator of real estate data nationwide for land and property data, today released its third-quarter 2022 U.S. Home Flipping Report showing that 92,422 single-family houses and condominiums in the United States were flipped in the third quarter. Those transactions represented 7.5 percent of all home sales in the third quarter of 2022, ...

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Investor Series – 1031 Tax Free Exchanges

November 15, 2022

This is another installment on our investor series articles.  Today we are going to discuss 1031 tax free exchanges.A 1031 exchange is a swap of one investment property for another that allows capital gains taxes to be deferred. The term comes from Section 1031 of the IRS Internal Revenue Code.   IRS has some rules regarding ...

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Practice The "Three C's" In Every Real Estate Transaction

November 15, 2022

Let's face it. Right now is a tough time for buyers and sellers. Buyers are facing high interest rates, while sellers are facing declining prices. These situations can most certainly cause frustration, and this frustration could be transferred to the agent of both parties. As a result, friction can result during negotiations and when under contract. However, when ...

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Woodstock foresees 4 percent property tax increase in 2023

November 14, 2022

If preliminary numbers hold, the city of Woodstock’s portion of your tax bill next year will increase by  4.15 percent. That means a $150,000 home will pay $33.31 more than last years....

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Home Equity Can Save the Day

November 14, 2022

Economists in the real estate industry are all in agreement that there is no chance of a foreclosure crisis like what we saw in the mid-2000's.  In fact, the overall percentage of homeowners at risk of foreclosure has decreased significantly since Spring of 2020 when prices really started to soar.If you are facing difficulties, you have ...

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5 Tips for Keeping Your Heating System

November 14, 2022

During those colder months it’s important to make sure your heating system is running as effectively as possible!  Here are some tips that will help do that from the outside to inside of your home.Keep equipment clear of debrisRemove any dead leaves or sticks present that may be blocking fansWhen blocked it limits airflow and decreases ...

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To Decorate or Not To Decorate

November 14, 2022

Should you decorate your home for the holidays if you are listing it or already have it on the market? Generally when you put your home on the market, real estate agents advise you to remove  personal effects and “de-clutter” the home so prospective buyers can visualize themselves living there, but what about if you are ...

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Low Supply Keeps Homes Selling Quickly

November 14, 2022

"The housing market has shifted. Higher rates, slower demand, and economic uncertainty have cooled the pace of the once hot market. But while a lot has changed, a lot has also stayed the same. For example, according to the National Association of Realtors, homes are still selling quickly, and prices continue to rise – even if they have ...

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What the Fed’s November rate hike means for homebuyers and sellers

November 10, 2022

https://www.bankrate.com/real-estate/how-fed-rate-hike-affects-housing/New month, new meeting — but the same result: The Federal Reserve’s raised interest rates again.In an effort to rein in raging inflation, the Fed boosted interest rates in March 2022, and again early May. It raised them even more in June, by three-quarters of a percentage point — which was, at the time, the ...

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Housing sales have slowed

November 10, 2022

Housing sales have definitely slowed!  Rising interest rates, seasonal slowdowns, and inflation have all caused the buyers to put on the brakes.  What can a seller do to make their home the one buyers want to look at in this season?  First is appropriate pricing....  now isnt the time to test the market.  If ...

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How To Sell Your Home During a Real Estate Slowdown

November 10, 2022

By Kathleen WillcoxNov 10, 2022Selling a home is no longer the easy feat it was last year—or even six months ago.Between the news that we already seem to be slipping into an unofficial recession and a serious home market slowdown, many sellers feel like they’re facing a Sisyphean task. The Federal Reserve’s latest interest rate ...

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US inflation eased to 7.7% over past 12 months

November 10, 2022

by: The Associated Press via Nexstar Media WireNovember 10, 2022 WASHINGTON (AP) — Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious.Consumer inflation reached 7.7% in October from a year earlier and ...

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VA Pest Inspection Fees and Repair Costs

November 10, 2022

Veterans Benefits AdministrationCircular 26-22-11 Department of Veterans Affairs June 15, 2022Washington, D.C. 20420                                                     Pest Inspection Fees and Repair Costs1. Purpose. This Circular addresses the Department of Veterans Affairs policies regarding wood destroying ...

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Opinion: Mortgage rates have a smaller impact on housing than you think; here’s proof

November 09, 2022

Opinion: Mortgage rates have a smaller impact on housing than you think; here’s proofNovember 9, 2022, 11:46 am By Steve MurrayIf we don’t learn from history, we are doomed to repeat it.From 1998 to 2006, according to Freddie Mac, the median annual mortgage rate was 6.45%. At the same time, the median, annual average ...

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Slowdown in Home Prices Ahead Despite Q3 Growth

November 08, 2022

Home prices continued to climb in the third quarter of this year, but the upward trend may finally be coming to an end, according to the National Association of REALTORS®’ latest quarterly report. Higher mortgage rates are starting to weigh on home price growth, though practically every major metro saw home prices rise in the third quarter. ...

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Here's What Experts Have to Say About the Fall Real Estate Market

November 08, 2022

Leaves are not the only thing falling as we enter the autumn season. So are home prices. But just like the leaves take their time to transition from one color to the next, home prices are also falling slowly. This slow transition means that if you're in the market to sell your home, it's still a good ...

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Average Down Payments

November 05, 2022

While the housing market begins to cool, home prices are still significantly higher in many parts of the U.S. than before the COVID-19 pandemic, according to a new study from LendingTree. One of the side effects of these higher home prices is higher down payments.On average, Lending Tree found that homebuyers across the nation’s 50 ...

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Fed Approves Fourth 0.75-Point Rate Rise

November 02, 2022

WASHINGTON—The Federal Reserve lifted interest rates by 0.75 percentage point to combat inflation and signaled plans to keep raising them, though possibly in smaller increments.Fed Approves Fourth 0.75-Point Rate Rise, Hints at Smaller Hikes© Graeme Sloan/Bloomberg NewsFed officials in a Wednesday policy statement acknowledged it could take time for rapid increases this year to ...

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Home Appraisal Myths Busted

November 02, 2022

Most things to do with buying or selling a home can be pretty stressful, from finding the house of your dreams, to securing the financing, all the way through to closing. But for most transactions, everything, absolutely everything, hinges on the home appraisal. This is probably why so many myths and misconceptions have grown up around the process. We’...

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