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

HUD Articles

Freezing Temps and Pipes

January 15, 2024

As a good portion of MI and surrounding states experience frigged temperatures well below freezing you may be worried about frozen pipes.  Frozen pipes are a homeowner’s worst nightmare in the winter. Not only do they prevent your water from flowing, they also pose a huge risk for bursting if quick action isn’t taken. Knowing what ...

Read The Full Article


Finding the right Realtor

January 15, 2024

Buying or selling a home is a monumental life event, and finding the right Realtor to guide you through the process can make all the difference. With so many agents out there, selecting the best one can feel daunting. But fear not! This guide will equip you with the knowledge and strategies to discover your real estate perfect match....

Read The Full Article


The Latest 2024 Housing Market Forecast

January 15, 2024

The new year is here, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market. Spoiler alert: the projections may be better ...

Read The Full Article


Michigan Real Estate Market Prediction 2024

January 14, 2024

Michigan Real Estate Market Prediction 2024 Home Sellers Will Return to the Market in 2024: Sellers who chose the sidelines in 2023 will come back. Especially those who can’t avoid new jobs or want to move to a cheap place. Whitney, the analyst who predicted the 2008 financial crisis accurately, has forecasted that baby boomers looking to downsize ...

Read The Full Article


Market report from Northern Illinois

January 12, 2024

This morket continues to be tight, with few homes to choose from, slightly rising prices and multiple offers, and interest rates higher than the norm of the past years.Buyers remain discouraged, and complain that they are being priced out the markets they could have afforded a year otr two ago.Escalation clauses, where the buyers make an offer ...

Read The Full Article


Exclusive Listing Period Priorities ~ Owner Occupancy

January 12, 2024

A primary goal of HUD in selling HUD homes is to provide housing ownership opportunities to those who plan on being owner occupants. An owner occupant is defined as someone who intends to occupy the property as their primary residence for at least 12 months and has not purchased a HUD home, as an owner occupant in the past ...

Read The Full Article


Is January and February a good time to buy a house?

January 11, 2024

IIf you're in the market for a new home, you might wonder when it’s the best time to buy. After all, seasonal real estate patterns can affect factors like housing inventory and home prices, making certain times of the year better than others for homebuyers.With less competition, you can potentially get a better deal. Therefore, ...

Read The Full Article


Advantages to Selling Your Home in the Winter

January 10, 2024

Advantages to Selling Your Home in the WinterOkay, huddle up, home sellers. Let’s unpack the perks of selling when the air gets chilly.1. You’ll face less competition.Come spring, more sellers will flood the market and your home will be just another fish in a great big pond. But in winter, you’ve got a limited ...

Read The Full Article


Winter Energy-Saving Tips for Your Home

January 10, 2024

Winter Energy-Saving Tips for Your HomeAs the winter chill sets in, it's not just our bodies that need warmth – our homes do too! However, heating our homes can often result in skyrocketing energy bills. The good news is that there are numerous ways to save on heating costs while keeping our homes cozy and comfortable. In this ...

Read The Full Article


Reaching Your Homeownership Goals in 2024

January 08, 2024

In order to reach your homeownership goals in 2024, it is essential to have a thorough understanding of today's housing market. Making an informed decision about buying a home requires knowledge about the current trends, prices, and availability.One crucial step to take before embarking on this journey is to determine your "why" - your motivation for ...

Read The Full Article


Is It A Good Time to Buy a House?

January 08, 2024

Is It a Good Time to Buy a House?Mortgage rates are falling, but year-over-year home prices are up and inventory remains tight.By Barbara Marquand  and  Abby Badach Doyle  Updated Jan 4, 2024 10:08 a.m. PSTEdited by Alice Holbrook Reviewed by Michael Soon Lee Some or all of the mortgage lenders featured on our site are advertising partners ...

Read The Full Article


Illinois Real Estate Market Statistics

January 05, 2024

Average Home Prices: The average median home price in Illinois is $272,300, up by 6.2% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory. Currently, the sale-to-list price ratio is at 99.4%, with a decline of 1.0 pt YoY compared to September 2022.Home Sales: As per September ...

Read The Full Article


Housing Forecast: What’s in Store for ‘24?

January 04, 2024

Unemployment rates are low, inflation growth is cooling and gross domestic product (GDP) is growing, according to a new study from LendingTree.While the U.S. economy is doing better, inflation remains elevated, housing is prohibitively expensive for many, debt delinquency rates are rising, personal savings rates are low, and household debt is high.Even if some negatives aren’...

Read The Full Article


Keep Your Sidewalks Clear of Snow

December 22, 2023

Keep Your Sidewalks Clear of SnowBy Tom Nelson, HUD LLB-Real Estate One-Rochester, MIBuying a HUD Property Series December 2023Winter is just around the corner and in much of the country this means temperatures below freezing.  With those cold temperatures comes snow, sleet, freezing rain and ice.None of those things make driving easy.  They also make for ...

Read The Full Article


FED RATE HIKES MAY BE DONE

December 17, 2023

Central bank holds policy rate in 5.25%-5.50% range....Officials see 75 basis points of cuts next year.....Fed's 'soft landing' scenario still on the table.....The Federal Reserve left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell said the historic tightening of monetary policy is likely over as inflation falls ...

Read The Full Article


The Benefits of Working with a Real Estate Agent

December 15, 2023

Title: Unlocking Success: The Benefits of Working with a Real Estate AgentIn the age of online listings and DIY everything, some may question the necessity of enlisting the help of a real estate agent when buying or selling a property. However, those who have experienced the process firsthand understand the invaluable role that a skilled agent plays in achieving ...

Read The Full Article


Does Buying a Home Make Sense Than Renting

December 15, 2023

With rents much higher now than they were in more normal, pre-pandemic years, owning your home may be a better option, especially if the long-term trend of rents increasing each year continues. In contrast, homeowners with a fixed-rate mortgage can lock in a monthly mortgage payment for the duration of their loan (typically 15-30 years). Homeownership Allows You ...

Read The Full Article


"Marry the house, date the rate."

December 15, 2023

Waiting for those rates to drop before making a move? Many people are. The only issue you could face is less inventory by the time the rates drop to your liking. This would lead to higher demand and increased difficulty getting the home you want vs. one that isn't "the one".As of today (12/15/23) the mortgage ...

Read The Full Article


Open House

December 15, 2023

An open house is a great opportunity for potential home buyers to walk through the property with or without their real estate agent. These tours provide prospective buyers with more time to view the home than a one-on-one showing. They can also feel less formal and provide an opportunity to casually explore the neighborhood.Public AwarenessOpen houses are often ...

Read The Full Article


Short Term Rentals - how to choose the best property

December 15, 2023

Short-term rentals (STRs) have become an increasingly popular way to invest in real estate. They offer the potential for high returns, but it's important to choose the right type of property. Not all properties are created equal when it comes to STRs.Here are a few things to consider when choosing an STR property:Location: This is the most ...

Read The Full Article


What Is an Underwriter: The Unseen Approver of Your Mortgage

December 12, 2023

By Angela ColleyDec 12, 2023Once you have found a house you like, made an offer and been pre-approved for a mortgage, you might think you are home free. However, you still have an important hurdle to clear: working with an underwriter and getting through the loan underwriting process. So what is an underwriter and what can you expect from ...

Read The Full Article


Should you buy in the winter?

December 12, 2023

Winter is usually the cheapest time of year to purchase a home historically. Sellers are often motivated, which automatically translates into an advantage to you. Most people suspend their listings from around Thanksgiving to the New Year because they assume buyers are scarce. Sellers who do list at that time usually want to sell as soon as possible. They ...

Read The Full Article


Reasons to Sell during the Holidays!

December 12, 2023

Reasons to Sell during the Holidays:1) Your home will look its best decorated for the holidays which could create stronger emotional ties with potential buyers.2) There are generally fewer homes for sale during the holidays.  So, there is less competition from other listings.3) If a buyer is purchasing during the holidays, they tend to be a ...

Read The Full Article


2023 Was the Least Affordable Year on Record. Will 2024 Follow Suit?

December 11, 2023

According to a new report from Redfin, 2023 was the least affordable housing year to the beginning of their records, but things are looking up for 2024. The median income for an individual in 2023 stood at $78,642 meaning someone trying to get into a median priced home at $408,806 would have to spend 41.4% ...

Read The Full Article


How to Up Your Winter Curb Appeal to attract buyers quicker!!

December 09, 2023

How to Up Your Winter Curb AppealRegardless of the season, your home should make a good first impression on potential home buyers. Here are some helpful tips for boosting your home’s curb appeal during the winter months.Light It UpWith less sunshine and shorter days, adding outdoor lighting to your home will help illuminate it and could make ...

Read The Full Article





top