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

Articles

Downtown Jackson’s social district may actually happen next year after council’s OK • Published: Dec. 14, 2022 MLive Chloe Miller

December 15, 2022

JACKSON, MI – After more than a year of conversations and waiting, downtown Jackson’s social district is finally preparing to launch next spring.In its Tuesday, Dec. 13 meeting, the Jackson City Council unanimously approved allowing the district to continue. And it approved eight bars and restaurants to participate when the social district launches some time in spring ...

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Chicago Real Estate Market: Prices, Trends, Forecast 2022-2023

December 14, 2022

December 12, 2022 By Marco SantarelliWe'll discuss the latest trends and projections for the Chicago housing market. Is the Chicago-area housing market vulnerable to a recession? Home prices are expected to decline slightly over the next twelve months but the forecast for the fourth quarter of 2022 is still positive (+4.5%). The forecasts also indicate positive annual ...

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Housing Markets Best to Hold up in 2023 Top 10

December 14, 2022

Redfin predicts home sales will fall drastically throughout most of the country in 2023, with existing home sales likely declining 31% year over year in the first quarter followed by smaller declines in the second and third quarters. By the fourth quarter, existing home sales will be flat from the year prior, and then start recovering as rates fall ...

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Why you might not want to get too excited or nervous about a housing crash

December 13, 2022

Rising interest rates and slightly lower demand in the market has caused many people to believe that a housing crash is imminent.  Despite some signs that the market is slowing down, you shouldn't get too worried or excited about the possibility of a housing crash....

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6 Reasons to Buy a Home in the Winter!

December 13, 2022

6 Reasons to Buy a Home in the Winter! 1) There is Less Competition.2)  Sellers are movtivated.3)  See home in colder conditions to learn things you don't see in other seasons like drafty windows and how well insulated.4)  Moving company availabilty is usually better.5)  Possible Last Minute Tax Savings.6)  Close faster since ...

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Save the Veterans on Homebuying

December 12, 2022

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Hope for Turnaround After Contract Signings Fall Again

December 12, 2022

November 30, 2022By: Melissa Dittmann TraceyPending home sales continued to fall in October as higher mortgage rates shook buyer confidence. Read more from NAR’s latest home sales report.Pending home sales fell for the fifth consecutive month in October as rising mortgage rates brought many housing markets to a halt. But now that rates show signs of stabilizing, ...

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How to Prepare Your Home for the Season

December 09, 2022

If you're preparing your home for fall and winter, you're probably looking forward to family gatherings and other holiday fun. However, you may run into seasonal challenges if you also plan on selling your home during this busy time. Distracted buyers, home staging issues, and the end of daylight savings time offer prime examples.Are you preparing ...

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Sprucing House Up 2023

December 09, 2022

https://www.thespruce.com/2023-design-trends-6743803The 2023 Design Trends We Already Have Our Eyes On!!It might seem early to start looking at 2023 trends, but if there’s anything we’ve learned from talking to designers and trend forecasters, the best way you can keep your space feeling fresh is by planning ahead.We recently connected with some of our favorite ...

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U.S. Foreclosure Completions Increase Annually By 64 Percent In November 2022

December 09, 2022

Foreclosure Activity Remains Up 57 Percent from Last Year, and Foreclosure Starts Increase Annually by 98 Percent; But Both Measures Down from October 2022IRVINE, Calif. — Dec. 8, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data,  today released its November 2022 U.S. Foreclosure Market Report, which shows there ...

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Good news for buyers

December 08, 2022

Good news for buyers!  Todays slowing home market comes with some great advantages for home buyers.There are many more homes to choose from than there were in the spring and summer.  While it is still a sellers market, it is moving toward more advantages for buyers.Bidding wars have decreased!When there is a frenzy, ...

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Mortgage rates see largest monthly drop since 2008

December 08, 2022

Mortgage rates have fallen every week for the past month, with the average rate on the 30-year fixed mortgage retreating further to 6.65%. Borrowing costs dipped across all fixed-rate mortgage products, including FHA loans, VA loans and 30-year jumbo loans. Meanwhile, adjustable mortgage rates stayed relatively stagnant.Here are the current average mortgage rates, without discount points unless ...

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How to Prepare to Finance a Home

December 07, 2022

Develop a budget.Instead of telling yourself what you’d like to spend, use receipts to create a budget that reflects your actual habits over the last several months. This approach will better factor in unexpected expenses alongside more predictable costs such as utility bills and groceries. You’ll probably spot some ways to save, whether it’s cutting ...

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12 Tips to Make Your Home More Energy Efficient

December 06, 2022

Now that the winter months are upon us, do you once again dread another season of sky-high heating and electric bills? Although you may blame this on inflation and other factors that are out of your control, as a homeowner, you have control over how efficiently your home uses energy. To use power more efficiently to save yourself a ...

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Foreclosure Rates for All 50 States in October 2022

December 02, 2022

After last month’s short–but sweet–downtick in foreclosure rates, October has reestablished the year-long trend of increased filings. The number of U.S. housing units that went into foreclosure in October 2022 was 32,376, according to the experts at ATTOM Data Solutions. This is a considerable 57% surge from a year ago. However, it is only ...

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FEDERAL HOUSING ADMINISTRATION ANNUAL REPORT SHOWCASES CONTINUED LEADERSHIP IN AFFORDABLE HOME FINANCING AND STRENGTH OF THE MUTUAL MORTGAGE INSURANCE FUND

November 18, 2022

HUD No. 22-235HUD Public Affairs(202) 708-0685FOR RELEASETuesdayNovember 15, 2022 Annual report to Congress highlights FHA’s leading role in supporting affordable home financing for first-time homebuyers and borrowers of color, providing assistance to struggling homeowners, and addressing housing supply and affordability.WASHINGTON – The Federal Housing Administration (FHA) today released its Annual Report to Congress on the financial status ...

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Creating Curb Appeal

November 18, 2022

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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HOME FLIPPING DECLINES AGAIN ACROSS U.S. DURING THIRD QUARTER OF 2022 AS INVESTOR PROFITS HIT 13-YEAR LOW

November 16, 2022

 ATTOM, a leading curator of real estate data nationwide for land and property data, today released its third-quarter 2022 U.S. Home Flipping Report showing that 92,422 single-family houses and condominiums in the United States were flipped in the third quarter. Those transactions represented 7.5 percent of all home sales in the third quarter of 2022, ...

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Practice The "Three C's" In Every Real Estate Transaction

November 15, 2022

Let's face it. Right now is a tough time for buyers and sellers. Buyers are facing high interest rates, while sellers are facing declining prices. These situations can most certainly cause frustration, and this frustration could be transferred to the agent of both parties. As a result, friction can result during negotiations and when under contract. However, when ...

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Investor Series – 1031 Tax Free Exchanges

November 15, 2022

This is another installment on our investor series articles.  Today we are going to discuss 1031 tax free exchanges.A 1031 exchange is a swap of one investment property for another that allows capital gains taxes to be deferred. The term comes from Section 1031 of the IRS Internal Revenue Code.   IRS has some rules regarding ...

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Low Supply Keeps Homes Selling Quickly

November 14, 2022

"The housing market has shifted. Higher rates, slower demand, and economic uncertainty have cooled the pace of the once hot market. But while a lot has changed, a lot has also stayed the same. For example, according to the National Association of Realtors, homes are still selling quickly, and prices continue to rise – even if they have ...

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To Decorate or Not To Decorate

November 14, 2022

Should you decorate your home for the holidays if you are listing it or already have it on the market? Generally when you put your home on the market, real estate agents advise you to remove  personal effects and “de-clutter” the home so prospective buyers can visualize themselves living there, but what about if you are ...

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5 Tips for Keeping Your Heating System

November 14, 2022

During those colder months it’s important to make sure your heating system is running as effectively as possible!  Here are some tips that will help do that from the outside to inside of your home.Keep equipment clear of debrisRemove any dead leaves or sticks present that may be blocking fansWhen blocked it limits airflow and decreases ...

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Home Equity Can Save the Day

November 14, 2022

Economists in the real estate industry are all in agreement that there is no chance of a foreclosure crisis like what we saw in the mid-2000's.  In fact, the overall percentage of homeowners at risk of foreclosure has decreased significantly since Spring of 2020 when prices really started to soar.If you are facing difficulties, you have ...

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Woodstock foresees 4 percent property tax increase in 2023

November 14, 2022

If preliminary numbers hold, the city of Woodstock’s portion of your tax bill next year will increase by  4.15 percent. That means a $150,000 home will pay $33.31 more than last years....

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