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

HUD Articles

Where will the Rockford housing market head in 2022?

February 16, 2022

 Inventory woes continue. Inventory may rise in coming months as current homeowners are encouraged to sell based on historic high price valuations, but is expected to be down for the year.Interest rate increases. Mortgage rates increased during the first week of 2022 to the highest level since May 2020 and are more than half a percent higher ...

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Experts predict what the 2022 housing market will bring

February 16, 2022

Last year was great for selling a home but not a great year if you were trying to buy one. Home prices rose sharply and the number of homes for sale declined. Although the 2022 housing market will still tilt toward sellers, it offers a slightly better chance for buyers to snag their dream homes.The story of 2021 ...

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January Foreclosures Up Dramatically

February 15, 2022

Jan. Foreclosures: Up Dramatically, Low HistoricallyBy Kerry SmithATTOM’s Jan. report finds foreclosures up 29% month-to-month and 139% year-to-year. But the eviction ban skewed numbers, and “normal” is expected in late 2022.IRVINE, Calif. – ATTOM released its January 2022 U.S. Foreclosure Market Report, which finds 23,204 U.S. properties with foreclosure filings – default notices, ...

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Protect Your Investment, Know Your Contractor

February 15, 2022

In this current marketplace, many homeowners are looking to maximize value during a time where home prices and the demand for homes are at an all-time high.  Add to that, inflation has ensured that the cost of materials will be very high as well.  So if you decide to update your home to maximize your potential return ...

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MORTGAGE NEWS

February 15, 2022

Rising interest rates are causing big headaches for mortgage lenders, especially those who depend most on refinance business. Demand is simply drying up.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.72% from 3.64%, with points decreasing to 0.43 from 0.45 (including the origination ...

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RED FLAG FOR FOUNDATION INSPECTIONS

February 15, 2022

FOUNDATTION RED FLAGS WHEN INSPECTING PROPERTIES for Inspectors to watch for.1:  Rotten to recently replaced wood on the base of exterior wooded door frames and windows.2: Horizontal or diagonal cracks in the foundation or walls.3:  Sloping floors.4:  Wet or moist basement  and soil erosion.5:  Absence of Gutters or downspouts or clogged gutters and downspouts....

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Home Renovations - Tips for Sellers in this Hot Market

February 15, 2022

If you are planning on selling a home this year, you are probably wondering what you can do to help make your home more salable.  There are a few things to consider before you make your list of projects.  Firstly, listing inventory is very low - in fact it is heading toward an all-time low, according to ...

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West Michigan Housing Crunch – How did we get here?

February 15, 2022

In January of 2011, Kent Co. had over 6,000 single family homes for sale.  We were in a typical market for this area with a fine selection of homes for any buyer.   In 2012, Forbes came out with their annual “best places to invest” list and the number 1 market listed was Grand Rapids, ...

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An ''agreement" by text message or direct messenger binding?

February 15, 2022

 I am an old fashion rule follower, I will still have a purchase offer contract for my clients offer. I ran across an article in the Illinois Realtor February 2022 issue, I want you to aware of.In this time of pandemic informal means of communication have become a common way of business.Working remotely, maintaining social distancing, ...

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HUD Applauds Actions to Ensure that the Maintenance and Marketing of Real Estate Owned Portfolio Aligns with Fair Housing and Civil Rights Requirements

February 15, 2022

HUD No. 22-024HUD Public Affairs(202) 708-0685FOR RELEASEWednesdayFebruary 9, 2022HUD Applauds Actions to Ensure that the Maintenance and Marketing of Real Estate Owned Portfolio Aligns with Fair Housing and Civil Rights RequirementsWASHINGTON - The U.S. Department of Housing and Urban Development (HUD) on Wednesday applauded the recent settlements between Fannie Mae, the National Fair Housing Alliance, and local fair ...

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Michigan First-Time Home Buyers Savings Program is a big win, according to real estate professionals

February 15, 2022

    LANSING, Mich. (WJRT) - A new bill just signed into law could help first-time home buyers tackle rising home prices and insurance rates.Gov. Gretchen Whitmer signed bills on Wednesday creating the Michigan First-Time Home Buyers Savings Program. It creates special tax-exempt savings accounts for people to accrue funds to use on buying their first ...

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WINTER HOME MAINTENANCE CHECKLIST

February 15, 2022

Winter Home Maintenance Checklist:1) Check your Heating System2)  Schedule a Chimney Cleaning3)  Clean out your Gutters4)  Check your Smoke and Carbon Monoxide Dectectors 5)  Find out if any Heat is escaping your house6)  Stock up on Emergency Supplies7)  Maintain the Trees on your property8)  Clear Snow and Ice from your Roof and Trees9)  Prevent Pipes from Freezing10) Reverse the ...

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The 3 D's- Depersonalize, De-clutter, Discard

February 15, 2022

The Three D's DEPERSONALIZEStaging is readying the home to show to potential buyers; you must encourage them to visualize living in the home itself, but not in your home.Depersonalizing the home involves removing your personal items, such as photos, trophies, and collectibles. Knickknacks and wall decor are also personal taste items that may distract buyers from seeing ...

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Characteristics of Home Buyers

February 15, 2022

                  Characteristics of Home Buyers— First-time buyers made up 31 percent of all home buyers, the same as last year. Eighty-two percent of buyers 22 to 30 years and 48 percent of buyers 31 to 40 years were first-time home buyers. Behind these groups, 22 percent of buyers 40 to ...

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Buyer Outlook Positive for Upcoming Quarter

February 14, 2022

While many industry analysts have expected increasing hesitation in the housing market, buyers largely remain optimistic, a new report says.About 28% of 5,000 prospective home buyers are “mostly confident” that the next three months will be a good time to buy a home, according to a new survey from OJO Labs, a real estate search website ...

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Last Year's Housing Market Was a Wild Ride... Here's What to Expect in 2022

February 14, 2022

Last Year's Housing Market Was a Wild Ride...Here's What to Expect in 2022The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on ...

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Mortgage rates rise above 4% for first time since December 2019

February 14, 2022

FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to new Optimal Blue Mortgage Market data.The prospect of more severe Fed tightening has spooked bond market investors, pushing rates for conforming 30-year fixed-rate mortgages above 4 percent for the first time since December ...

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The 12 Huge Design Trends You’ll See Everywhere in 2022

February 14, 2022

https://www.realtor.com/advice/home-improvement/design-trends-2022-youll-see-everywhere/So far, the start of 2022 has given us a heavy dose of deja vu. The COVID-19 pandemic continues to rage on. Mask mandates have returned. “Joe Millionaire” is back on TV. (We did a double take, too.)With everything seeming bleakly the same, it makes sense that you might want to make something in your ...

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Case Study: Municipality Compliance Coordination

February 14, 2022

Client: Nationwide Hedge FundThe ChallengeOur client, a hedge fund, purchased a property in south suburban Cook County as part of a larger pool of properties. The property was in poor condition and needed extensive repairs prior to occupancy. Our client had already secured a buyer prior to our involvement and did not need for us to market and sell ...

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Mold In Your Home

February 14, 2022

Today on the blog, we discuss what mold is, health risks, & how to keep your family safe.About Mold and MoistureMolds are living organisms that grow in damp places in your home. They stain or discolor surfaces and smell musty. There are hundreds of thousands of different types of mold.Mold can grow almost anywhere: on walls, ceilings, ...

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Home Is Where The Heart Is

February 14, 2022

Wishing you a joyful Valentine's Day filled with all the love and candy you can handle. If you're looking to fall in love with a new home anytime soon, I'm always here to play matchmaker.  Happy Valentines Day!  Chrisha MitchellC.R.M. Enterprises, Inc. 708-966-9282  ...

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REAL ESTATE NEWS

February 11, 2022

REAL ESTATE NEWSAs 2021 came to an end it showed a year of historically low mortgage rates. The market even saw it dip below 3%. Realtor.com expects that rates will rise this year and likely hover around 3.3 and possibly reaching 3.6% by the end of the year.Inventory likely will remain low as we enter ...

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Michigan First Time Home Buyers Savings Program

February 11, 2022

Michigan Whitmer Signs Bills into Law The new laws create savings for first-time homebuyers and adds judges to areas with high caseloads LANSING, Mich. - Governor Gretchen Whitmer today signed House Bill 4290 and Senate Bill 145 to lower costs for first-time home buyers by creating tax-exempt saving accounts and allow Michiganders to deduct contributions from their taxes. The ...

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Foreclosure Activity Highest Since Pandemic Began

February 11, 2022

February 10, 2022Completed foreclosures have reached their highest level since March 2020. Foreclosure filings, which include default notices, scheduled auctions, or bank repossessions, jumped by 29% in January over December and are up by 139% compared to a year ago, according to the January 2022 U.S. Foreclosure Market Report, released by ATTOM Data Solutions.Should the housing market ...

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Home ownership still more affordable than rent

February 10, 2022

Per article in the Residential Realty web site:Study shows homeownership still more affordable than renting in most parts of the U.S.Rising home prices and the issues that causes for housing affordability have attracted plenty of headlines over the past year. But homeownership is still more affordable than renting in most markets, according to the latest study by ...

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