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

HUD Articles

Top 20 States for Foreclosure Rates

October 09, 2023

Top 20-States for Foreclosure Rates#20: Texas#19: Pennsylvania#18: Michigan#17: Iowa#16: North Carolina#15: Alabama#14: New York#13: Georgia#12: Louisiana#11: California#10: Connecticut#9: Indiana#8: Ohio#7: Maryland#6: Florida#5: Delaware#4: New Jersey#3: South Carolina#2: Illinois#1: NevadaData Source: sofi.com...

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Rising Home Prices, Mortgage Rates Fuel Decline in Housing Affordability

October 03, 2023

Rising Home Prices, Mortgage Rates Fuel Decline in Housing Affordabilityin Affordability, Daily Dose, Featured, Market Studies, Market Trends, Migration, News, Real Estate 4 days agoATTOM has released its Q3 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable compared to historical averages in 99% of ...

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Hot Home Trend: Black Window Trim

October 02, 2023

Especially on light-colored exteriors and interiors, a black trim creates an eye-catching contrast.Black trim around windows can modernize a home’s look, providing pop of contrast in rooms with lighter color schemes. Black trim is being incorporated into a variety of home styles, including industrial, farmhouse, bohemian, modern and even traditional.Designers favor black window trim on a ...

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GM furloughs another 160 workers due to UAW strike PUBLISHED MON, OCT 2 202311:09 AM EDT CNBC

October 02, 2023

PUBLISHED MON, OCT 2 202311:09 AM EDT CNBCGeneral Motors said Monday it was indefinitely laying off about 160 workers at plants in Indiana and Ohio because of the impact of the United Auto Workers strike on some facilities.The UAW on Friday said it would strike at GM’s Lansing Delta Township assembly plant that makes the Buick Enclave ...

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First Time Buyers

October 02, 2023

Thinking about buying your first home?  What an exciting time!  Here are some tips to think about before looking at a home.Make a list of your most important "must haves".  Remember, the more you list here, the more the list is narrowed down, making less to look at.  try to be flexible with ...

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What a Government Shutdown Could Mean for the Real Estate Economy

September 28, 2023

The National Association of Realtors (NAR) has released a report detailing what a government shutdown would mean for the real estate industry . If Congress is unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government by September 30, 2023, the result will be a partial shutdown of some government operations.This partial shutdown ...

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Value of FHA Mortgage

September 27, 2023

The Value of an FHA MortgageBy Tom Nelson, HUD LLB-Real Estate One-Rochester, MIBuying a HUD Property Series Number 7We all know that there are different kinds of government backed mortgage loans as well as banks and credit unions.  These include conventional, FHA, VA, Fannie Mae, Freddie Mac, USDA and other lesser-known ones. The focus of this article ...

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HUD Extension Procedure and Explanation

September 23, 2023

Contract Extension Policy and Procedure: The buyer must not let the contract expire, as it is a fatal event and HUD will cancel and not allow reinstatement. The buyer is required to process the extension request even if the delay is due to a title issue or other seller issue.  All extensions are now done via DocuSign.  ...

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Make Your Home Roomba Safe

September 19, 2023

Robotic vacuum cleaners such as iRobot’s Roomba and Shark’s Ion Robot Vacuum make cleaning up around the house a lot easier. In most cases, these robotic vacuums run without issue and (depending on the model) may even empty themselves once they’re full. But there are some problems that your new Roomba might run into if you ...

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Are You Using Videos? If Not You're Missing Out

September 16, 2023

They say a picture is worth a thousand words. However a video can be worth a thousand pictures. This is because videos can captivate the eyes and thoughts of your audience. A video is useful not only to advertise your listings but also you as an agent. Of course, the most common media to showcase your videos would be ...

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The three best home improvements you can make!

September 15, 2023

The three best home improvements that improve a home's value are:Kitchen remodelBathroom remodelCurb appealA kitchen remodel is one of the most expensive home improvement projects, but it is also one of the most rewarding. Buyers are willing to pay a premium for homes with updated kitchens that feature modern appliances, cabinets, and countertops.A bathroom remodel is another ...

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Successful HUD purchase: Beyond following instructions

September 15, 2023

Agents who help clients successfully navigate the purchase of a HUD home know that it goes well beyond just following the instructions of how to place the bid, upload the proper documents, and follow the emailed instructions. There are many other factors to navigate along the way to help the process go smoothly and to make it to the ...

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Top 7 tips for 1st time Homebuyers

September 15, 2023

Here are some tips to prepare yourself in order to purchase your first home!Maintain your credit – pull your credit report and review for accuracy.  If you see any errors or areas you need to work on, do that first before getting pre-approved with a lender.Nail down your budget – Beyond just what you can afford ...

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Fall Chores For Outdoors

September 15, 2023

It’s that time again.  Time to get things outside of your home ready for the fall.  Here are a few things you can do now while the weather is still nice.1. Clean or replace your gutters. If they're clogged, you can end up with a flooded interior and damaged exterior. So clean them, and ...

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Chicago-area home prices growing at twice the speed of the nation's.

September 14, 2023

Chicago-area home prices are growing twice as fast as the nation’s, two reports released this morning show. It’s the exact opposite of what was happening a year ago.  The median price of homes sold in the nine-county Chicago metro area rose to $339,900 in August, up 9.6% from the same time a year ago, ...

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Little fixes add up to big rewards

September 13, 2023

If you are putting your home on the market soon, there are some things you can do to maximize the selling price.  Not talking about a new kitchen here (although that would be nice! )How about a professional carpet clean if necessary, or touching up paint nicks and dings?  Or you can pay someone to come and ...

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What’s Happening With Home Prices This Fall? See the Cities Where They’re Rising—and Falling—the Most Now

September 13, 2023

By Evan WylogeSep 13, 2023There’s more to look forward to this fall than your favorite sweaters and pumpkin-flavored everything. The fall is a special time for homebuyers, as there are more homes for sale, list prices usually begin their seasonal dip, and there’s less competition from other home shoppers. In fact, it’s often the best ...

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Getting Home ready for fall!

September 13, 2023

Here are some tips to get your home ready for fall:Reprogram the thermostat to make your home ready for the colder weather.Clean your furnace and switch out your filters.Look for gaps and cracks in your insulation.Clean, inspect and prepare your fireplace.Switch to warmer bedding and clothes.Prepare your outdoor furniture.Insulate pipes to get your ...

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Mortgage Rate Forecast: When Will Rates Go Down?

September 12, 2023

https://money.usnews.com/loans/mortgages/mortgage-rate-forecastMortgage Rate Forecast: When Will Rates Go Down?-Why Mortgage Rates Are Expected to Stay High-Stubbornly high mortgage rates are a byproduct of the Fed’s battle to bring annual inflation back to its 2% target. The central bank raised the federal funds rate seven times in 2022 and another four times so far in 2023, with ...

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Thinking About Selling Your Home? These Kitchen Improvements Might Be Worth Doing

September 12, 2023

When you sell your home, you want to sell it as quickly and profitably as possible. And sometimes, that means making some improvements before you start showing it to buyers—including improvements in the kitchen.But what kitchen improvements might make sense to do before listing your home?A article from realtor.com outlined the kitchen improvements you should ...

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Local and State Programs for Home Buying Assistance

September 10, 2023

Buying your first home... You May Be Eligible For GrantsWhy Rent  when you can Own?   The main reason buyers postpone their homeownership dreams? Saving for a down payment.  There are valuabe programs available  to help today's buyers with down payment assistance programs. Many state and federal programs are available for first-time home ...

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3 Reasons Why You Might Want to Break the 5-Year Rule

September 10, 2023

3 Reasons Why You Might Want to Break the 5-Year RuleSome things get more valuable the longer you own them, and that is often true in realestate. This is why you’ll often hear experts talk about the 5-year rule, which is the ideathat new homeowners should stay put for at least 5 years before selling a home or ...

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Housing Market Predictions For 2023: When Will Home Prices Be Affordable Again?

September 09, 2023

As temperatures continue to sizzle, the housing market continues to fizzle, with blisteringly high mortgage rates and scorching home prices becoming too hot to handle for many would-be home buyers.The national average 30-year fixed mortgage rate blasted through 7% in mid-August, reaching a 2023 high of 7.23%. As of September 7, the average 30-year fixed mortgage rate ...

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Free well water testing now available for Michigan residents September 05, 2023 Sara Pearson Supervisor, Source Water Unit PearsonS@Michigan.gov

September 08, 2023

The Department of Environment, Great Lakes, and Energy (EGLE) is excited to announce a special program to help Michigan families know the quality of their well water. EGLE and local health departments (LHD) are working together to ensure that safe drinking water is a priority for Michigan families.Last year, the Michigan Legislature appropriated $5 million to provide free ...

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6 Ways Your Buyers Can Save on Their Mortgage

September 06, 2023

Although mortgage rates, which have been hovering near 7% over the last few weeks, are expected to fall in the second half of the year, home buyers have adjusted to higher borrowing costs and home prices. Still, affordability is a big issue: 60% of U.S. cities saw gains in home prices in the second quarter, according to data ...

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