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

HUD Articles

How Inflation is Impacting the Real Estate Market

February 12, 2021

As our country is facing an increase in debt, we are also seeing a rise in inflation. This increase in inflation is indirectly impacting the real estate market as it affects the pricing of the house. Housing is considered a leveraged asset in regards to a rise in the inflation rate. While down payments range in 20-30% of the ...

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Americans Migration in 2020

February 11, 2021

United Van Lines today released the company’s 44th Annual National Migration Study, revealing in 2020, Americans continued to move westbound and southbound – and the COVID-19 pandemic factored into and accelerated many of those decisions to move.According to the study, which tracks the company’s exclusive data for customers’ 2020 state-to-state migration patterns, Idaho was the ...

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5 Tips to Make a Competitive Offer in a Hot Market

February 10, 2021

With a high level of potential buyers and a low housing inventory, the real estate market remains super competitive in 2021. More than ever, it is crucial for buyers to know how to make a confident and competitive offer once they found the right home. Here are five keys to success to make a strong offer and stand out ...

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3 Reasons We’re Definitely Not in a Housing Bubble

February 10, 2021

3 Reasons We’re Definitely Not in a Housing Bubble Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons ...

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Closing Costs

February 10, 2021

Wonder what closing costs are and what you are really paying for?  Here is a breakdown of common fees you may pay when buying a home:Common Closing Costs for Buyers (from Realtor Magazine, National Association of Realtors)Down paymentLoan originationPoints, or loan discount fees, which you pay to receive a lower interest rateHome inspectionAppraisalCredit reportPrivate mortgage insurance premiumInsurance escrow ...

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The pros and cons of a house vs. a condo for first-time buyers

February 10, 2021

A condominium can make a good starter home, but the lifestyle isn’t for everyoneCondos are often priced lower than single-family homes. ISTOCKWhether you’re having trouble finding an affordable single-family home or you’re simply fed up with renting, a condominium can be a way to wade into homeownership rather than diving into the deep end.Condos ...

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How about those forbearances?

February 09, 2021

 As most everyone is aware, if you were impacted by the pandemic and you are having trouble making your mortgage payments, you can request a forbearance. Simply put, a forbearance allows the borrower to stop making payments and freeze the loan at that point. While this may be a temporary help, the piper will have to be paid ...

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Mortgage Credit Certificate

February 08, 2021

What is the Mortgage Credit Certificate (MCC) Program?The MCC program is a homebuyer assistance program designed to help lower‐income families afford home ownership. The program allows home buyers to claim a dollar‐for‐dollar tax credit for a portion of mortgage interest paid per year, up to $2,000. The remaining mortgage interest paid may still be calculated as an ...

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How to Fix Up Your HUD Home in Charlotte

February 03, 2021

Post by: Nancy Braun, Showcase Realty How your home looks after getting it renovated dictates the difference between a good or bad HUD home deal. This is true whether you bought the house to live in, or as an investment.Repairing a newly-bought foreclosed home could pose as quite a challenge. HUD homes are sold “as-is”, and ...

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State of the National Real Estate Market

February 03, 2021

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Owning a Home Is Still More Affordable Than Renting One

February 02, 2021

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s ...

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NAR Joins Coalition Calling for Clarity in Rental Assistance

February 01, 2021

January 29, 2021 Melissa Dittmann TraceyHousing groups, including the National Association of REALTORS®, are urging federal agencies to provide more information on the distribution of $25 billion in rental assistance under current COVID-19 relief legislation, which was signed into law in December. The coalition of real estate trade organizations says the funds are critical to counter the economic fallout ...

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5 Signs You Are Ready To Be a Homeowner (That Have Nothing To Do With Money)

February 01, 2021

There comes a time in renters' lives when they ask the age-old question: Should I become a homeowner? Obviously, finances have a lot to do with the decision whether to rent vs. buy.But there's more to it than just credit ratings and cash reserves—homeownership is a lifestyle change that you have to be willing to take ...

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Bundle Up! Winter's Home-Buying Game Has Changed. Here's How To Win

February 01, 2021

Savvy home buyers know that winter is typically a good time to embark on a house hunt, since much of their competition stays holed up at home until spring. But this winter, buyers might notice that they've got company.Lots of it, in fact."Normally winter is a good time for buyers," says realtor.com® ...

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What Happens When Homeowners Leave Their Forbearance Plans?

January 28, 2021

What Happens When Homeowners Leave Their Forbearance Plans? According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now:2,543,000 ...

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Insight to Home Buying 2021

January 27, 2021

2021 is officially upon us. But how, exactly, is the new year shaping up through the lens of real estate?HomeLight’s Top Agent Insights Q4 2020 Report surveyed over 1,000 real estate agents for their insights into the 2021 housing market, including:Lack of inventory will continue to pose challenges in 2021. A lack of homes for ...

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Seriously Delinquent Mortgage Loans Up 1.7 Million in 2020

January 26, 2021

2020 ended with 2.15 million seriously delinquent mortgage loans, that is 1.7 million more seriously delinquent homeowners than when 2020 began “a looming reminder of the challenges facing the market in 2021," according to the First Look mortgage loan performance report from Black Knight, published Friday. The increase exists despite continuous months of improvement; In ...

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SEPARATE REALITY FROM REALITY TV!!

January 21, 2021

3 Reality TV Myths Busted Ready to buy a home this year? Let's connect to separate reality from reality TV and make sure your experience is smooth and successful.Watch Now...

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How to sell your home in the age of coronavirus

January 19, 2021

By: Diana OlickNot a lot of homeowners want to put their homes on the market in the midst of a pandemic, but some do need to move, and it’s not the worst time to sell. Demand for housing is still incredibly strong, despite the hit to the economy, and supply is at a record low.For the week ...

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Pros and Cons of Adding a Hot Tub

January 15, 2021

Hot tubs come in a wide variety of options and can be found to fit most budgets. Check out these pros and cons to adding a hot tub. Article by Peter GoldbergPurchasing a hot tub for your home is becoming more and more appealing to those looking to spark joy in their outdoor space. Even the top local ...

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North Carolina Facts

January 15, 2021

•Capital: Raleigh •Nickname: Ol' North State / Tar Heel State •Bird: Cardinal •Elevation: 6,684 ft. •Flower: Dogwood •Song: "The Old North State" •Counties: 100•Vegetable: Sweet potato•Food: BBQNorth Carolina is teeming with ways to get outside and enjoy our lovely state! Whether you™re hiking, swimming, boating, or just exploring new attractions, our state is the perfect spot to ...

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The good, the bad, and the likely for housing in 2021

January 15, 2021

Despite the pandemic, incredibly, the housing market has surpassed all expectations in 2020. Applications to purchase a home hit a low point in the spring due to stay-at-home orders and mandated business closures, but have rebounded swiftly.As of the week ending December 4, purchase loan applications have exceeded year-ago levels for 29-straight weeks, and cumulative purchase applications have ...

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Know Your Competition

January 15, 2021

There are two groups of buyers that many of our more local buyers seem to not consider when contemplating purchasing a HUD home. The first group is "bulk buyers/investors".  Individuals in this group have often made offers "sight unseen". The second group is homeowners relocating from areas with "high price tags" homes and high taxes. ...

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What Happens When Homeowners Leave Their Forbearance Plans?

January 14, 2021

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now:2,543,000 (39%) are current on their payments and have left ...

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Why Right Now May Be the Time to Sell Your House

January 14, 2021

Why Right Now May Be the Time to Sell Your House  The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows.According to the latest Realtors Confidence Index ...

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