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

HUD Articles

Year End 2021 Real Estate News

December 14, 2021

As the year comes to an end for 2021, the average homeowner has continued to gain home equity as home prices have seen a record growth level in more than four decades.  Per Corelogic reports, between the end of 2020 and now 2021 the average home gained about $57,000 in equity.   The average sale price ...

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Depersonalizing Your Home

December 13, 2021

DEPERSONALIZINGStaging 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 the home as theirs. ...

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HHS AND HUD ANNOUNCE EXPANDED PARTNERSHIP, NEW HOUSING AND SERVICES RESOURCE CENTER

December 13, 2021

Partnership will improve access to affordable, accessible housing and supportive services HUD No. 21-201HUD Public AffairsFOR RELEASEWednesdayDecember 8, 2021 Today, the U.S. Department of Health and Human Services (HHS) and the U.S. Department of Housing and Urban Development (HUD) announced the expansion of a partnership established earlier this year to improve access to affordable, accessible housing and ...

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HUD Gives Early Chance to Owner-Occupant Buyers

December 10, 2021

The Federal Housing Administration doubled its exclusive listing period on certain HUD single-family and real estate-owned homes that will give owner-occupant buyers more time to bid on the properties ahead of investor competition. HUD-approved nonprofit organizations and government entities also will be able to submit bids to purchase the homes before they’re eligible to buy from investors.The ...

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HELP YOUR CLIENT CLEAN UP THEIR CREDIT

December 10, 2021

                                                   How Realtors can help their Clients clean up their Credit.Help them find someone who can provide a full mortgage analysis and can educate their client about utilization, ratios and payment histories.Explain ...

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Holiday Safety Tips.

December 10, 2021

It’s the holidays!  Time to decorate our homes to welcome family and friends.  For some it’s time pack up the kids and head cross county to see family or find a nice quiet spot on a sunny beach. However you choose to spend the holidays it’s important to be safe while also having fun....

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Mortgage rates move slowly despite tightening market

December 09, 2021

Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report.A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday.Sam Khater, Freddie ...

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Why Waiting to Buy a Home Might Be the Wrong Decision

December 09, 2021

Many buyers have decided to wait until next year to buy a home, hoping that the real estate market will be better for their purchase.  Before making that decision, it's important to ask yourself where home price and interest rates will be next year.  The major housing industry entities are projecting that prices will appreciate another ...

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Tips For The First Time Homeowner

December 09, 2021

Congratulations to the new homeowner, as you take possession of your new home there are items you should look into for safety and to familiarize yourself.It is a good idea to change the locks on all the doors, to safe guard against extra keys floating around to your home. You may contact a local lock smith or do ...

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Building Gender Awareness in Real Estate

December 08, 2021

Working with people across the gender identity spectrum isn’t just about being inclusive, it’s smart business.....That’s the takeaway Lisa Kenney, CEO of Reimagine Gender, wants to impart to real estate professionals to help them better serve their clients. Kenney, who presented during the “Reimagining Gender: Are REALTORS® Ready to Navigate this New Reality?” ...

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Inflation and the Housing Market

December 07, 2021

What does Inflation mean to homebuyers and sellers?Assuming they have a down payment, the mortgage payment will be a main determinant of what they can afford,  Mortgage rates tend to move in tandem with inflation, so mortgage rates will riseFor home sellers, the current tight market can be a good time to reap a profit—provided that ...

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Market Trends

December 07, 2021

https://sites.academymortgage.com/landingpage/?domain=sites.academymortgage.com&slug=markettracker&userId=96qIP  ...

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Treasury wants more oversight of all-cash real estate deals

December 06, 2021

WASHINGTON -- The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors' use of the U.S. market to launder money made through illicit activity. The Treasury Department was posting notice Monday seeking public comment for a potential regulation that would address what it says is a vulnerability ...

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11 Things Before Putting Your Home on the Market

December 03, 2021

11 Things Before Putting Your Home on the MarketNot sure how to get your house ready to sell? Fortunately, there are steps you can take before putting your home on the market to increase your chances of receiving a solid offer from a buyer. From cleaning and staging to repainting and depersonalizing, here are 11 things to do before ...

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Improving marketability

December 02, 2021

What are the modest repairs you can do to improve marketability?Start with a fresh coat of paint, keep the colors neutral and concentrate on mainstream colors.  If your flooring is of the mix and match variety, try to get some consistency.  Either carpet all rooms or use tile or hardwood.  a home where every ...

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Creating Curb Appeal

December 01, 2021

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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Will Home Prices and Rents Finally Fall? Our Bold Predictions on What’ll Happen in Real Estate, 2022

December 01, 2021

Here’s what we already know: Since the COVID-19 pandemic began, the real estate market has been on a wild ride of unprecedented highs and lows—record-high home prices on one side, record-low mortgage rates and available homes for sale on the other. It’s been a time of overwhelming stress for many, gigantic profits for some, and great ...

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Will Home Prices and Rents Finally Fall? Our Bold Predictions on What’ll Happen in Real Estate, 2022

December 01, 2021

Here’s what we already know: Since the COVID-19 pandemic began, the real estate market has been on a wild ride of unprecedented highs and lows—record-high home prices on one side, record-low mortgage rates and available homes for sale on the other. It’s been a time of overwhelming stress for many, gigantic profits for some, and great ...

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HUD AWARDS $10 MILLION TO BOOST SELF-HELP HOMEOWNERSHIP HOUSING OPPORTUNITIES

November 29, 2021

HUD AWARDS $10 MILLION TO BOOST SELF-HELP HOMEOWNERSHIP HOUSING OPPORTUNITIESWASHINGTON –  The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of $10 million in Self-Help Homeownership Opportunity Program (SHOP) grants.The funds awarded will support three national and regional organizations in facilitating innovative homeownership opportunities to communities, especially low-income communities, through the provision ...

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Is the housing market cooling off?

November 25, 2021

The COVID-19 housing market underpinned by remote work, pandemic-induced low mortgage rates, and a demographic wave of first-time homebuyers has been among the hottest in the nation's history. Since the onset of the crisis, median home list prices are up 23%. Recently, some of that exuberance has finally left the market. Indeed, since bottoming out this ...

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Auto Notification for HUD Properties

November 22, 2021

If for some reason, a property is no longer available when you search HUDHOMESTORE, there is a way to be notified if and when it comes back to market This property may have an accepted contract or it may have been removed a title related matter or another reason. You can be notified via email direct from HUD if ...

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Retirement and Changing Housing Needs

November 17, 2021

Since the pandemic, many people have retired earlier than they expected.  If you are recently retired, your current home may not fit your new lifestyle.  The good news is that in this market, you have probably built up significant equity that can help you purchase your next home.  Whether your goal after retirement is to move ...

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NAR & DOJ

November 16, 2021

The National Association of REALTORS® (NAR)  filed a response to the DOJ in federal court.  Their statement is as follows: The Department of Justice’s (DOJ) withdrawal from a fully binding and executed agreement goes against public policy standards and consumer interests. NAR is moving forward on the pro-consumer measures in the agreement and remains committed ...

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Commonly asked questions in Real Estate

November 15, 2021

1.  How should I prepare my house before selling it?Preparing your home for sale can be a daunting task.  Clutter and filth are the enemy here and  you want to conquer those first.  It’s better to stuff your closets and drawers with things than to leave them in plain sight.  You should get ...

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Something That May Surprise You

November 15, 2021

The practice of Real Estate differs in many ways from State to State. In Michigan we have several components involved during the course of a transaction. But the main ingredients are Buyers Agent, Seller's Agent, Loan Officer, Inspector and Appraiser. There's also clients too of course, but which one of the aforementioned professionals has a ...

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