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

Articles

Home Is Where The Heart Is

February 14, 2022

Wishing you a joyful Valentine's Day filled with all the love and candy you can handle. If you're looking to fall in love with a new home anytime soon, I'm always here to play matchmaker.  Happy Valentines Day!  Chrisha MitchellC.R.M. Enterprises, Inc. 708-966-9282  ...

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Mold In Your Home

February 14, 2022

Today on the blog, we discuss what mold is, health risks, & how to keep your family safe.About Mold and MoistureMolds are living organisms that grow in damp places in your home. They stain or discolor surfaces and smell musty. There are hundreds of thousands of different types of mold.Mold can grow almost anywhere: on walls, ceilings, ...

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Case Study: Municipality Compliance Coordination

February 14, 2022

Client: Nationwide Hedge FundThe ChallengeOur client, a hedge fund, purchased a property in south suburban Cook County as part of a larger pool of properties. The property was in poor condition and needed extensive repairs prior to occupancy. Our client had already secured a buyer prior to our involvement and did not need for us to market and sell ...

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The 12 Huge Design Trends You’ll See Everywhere in 2022

February 14, 2022

https://www.realtor.com/advice/home-improvement/design-trends-2022-youll-see-everywhere/So far, the start of 2022 has given us a heavy dose of deja vu. The COVID-19 pandemic continues to rage on. Mask mandates have returned. “Joe Millionaire” is back on TV. (We did a double take, too.)With everything seeming bleakly the same, it makes sense that you might want to make something in your ...

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Mortgage rates rise above 4% for first time since December 2019

February 14, 2022

FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to new Optimal Blue Mortgage Market data.The prospect of more severe Fed tightening has spooked bond market investors, pushing rates for conforming 30-year fixed-rate mortgages above 4 percent for the first time since December ...

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Last Year's Housing Market Was a Wild Ride... Here's What to Expect in 2022

February 14, 2022

Last Year's Housing Market Was a Wild Ride...Here's What to Expect in 2022The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on ...

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Buyer Outlook Positive for Upcoming Quarter

February 14, 2022

While many industry analysts have expected increasing hesitation in the housing market, buyers largely remain optimistic, a new report says.About 28% of 5,000 prospective home buyers are “mostly confident” that the next three months will be a good time to buy a home, according to a new survey from OJO Labs, a real estate search website ...

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Foreclosure Activity Highest Since Pandemic Began

February 11, 2022

February 10, 2022Completed foreclosures have reached their highest level since March 2020. Foreclosure filings, which include default notices, scheduled auctions, or bank repossessions, jumped by 29% in January over December and are up by 139% compared to a year ago, according to the January 2022 U.S. Foreclosure Market Report, released by ATTOM Data Solutions.Should the housing market ...

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Michigan First Time Home Buyers Savings Program

February 11, 2022

Michigan Whitmer Signs Bills into Law The new laws create savings for first-time homebuyers and adds judges to areas with high caseloads LANSING, Mich. - Governor Gretchen Whitmer today signed House Bill 4290 and Senate Bill 145 to lower costs for first-time home buyers by creating tax-exempt saving accounts and allow Michiganders to deduct contributions from their taxes. The ...

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REAL ESTATE NEWS

February 11, 2022

REAL ESTATE NEWSAs 2021 came to an end it showed a year of historically low mortgage rates. The market even saw it dip below 3%. Realtor.com expects that rates will rise this year and likely hover around 3.3 and possibly reaching 3.6% by the end of the year.Inventory likely will remain low as we enter ...

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Home ownership still more affordable than rent

February 10, 2022

Per article in the Residential Realty web site:Study shows homeownership still more affordable than renting in most parts of the U.S.Rising home prices and the issues that causes for housing affordability have attracted plenty of headlines over the past year. But homeownership is still more affordable than renting in most markets, according to the latest study by ...

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Selling in the spring

February 09, 2022

Selling in the springNow is the time to start getting ready to sell your home in the spring.  As the weather gets warmer there will be many things that require your attention.  Get a head start on them by preparing now.Do you need exterior maintenance?  Start calling for estimates now!  Tuckpointing, exterior painting, landscaping ...

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Where have all the smaller homes gone!

February 09, 2022

https://www.realtor.com/news/trends/death-of-the-starter-home-where-have-all-the-small-houses-gone/ ...

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A 'shocking' lack of houses for sale is frustrating suburban buyers

February 09, 2022

Two years into the COVID-19 pandemic, Realtors across the suburbs tell the same story: There's a shockingly low number of single-family homes on the market, which is frustrating a larger number of buyers who either want their first home or a bigger one."In a balanced and healthy market, we would have a four- to six-month supply ...

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Helpful Items To Carry In Your Vehicle

February 08, 2022

Realtors should be prepared when visiting properties. The below list of items can help save you and your clients time and/or keep you safe.  Here are a some helpful items to carry in your vehicle...1. Keyboxes2. Flashlights3. Duct Tape4. Zip ties5. Snow shovel/salt6. Rubber boots7. Business cards 8. Face masks9. Hand sanitizer10. Clorox wipes11. Shoe covers12. ...

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Exclusive Priorities for Owner Occupants

February 08, 2022

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 ...

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What Causes Ice Inside Windows?

February 07, 2022

When temperatures drop in winter, it’s not uncommon to see ice and snow outside and maybe even a little bit of frost on the outside of your windows and storm doors. Occasionally, though, you might notice a bit of ice building up on the inside of your windows as well. It’s easy to overlook this as just ...

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Mortgage refinance demand plunges 13% as interest rates climb toward two-year high

January 31, 2022

 MAIN POINTSThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.72% from 3.64%.Refinance applications fell 13% for the week and were 53% lower year over year.Mortgage applications to purchase a home dropped just 2% for the week and were 11% lower than a year ...

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Why Mortgage Rates Matter

January 31, 2022

The interest rate directly affects how much of a mortgage a buyr can afford.  For example:  with a $3500 down payment at 3.25 % a buyer can borrow $708,500.  A slight increase to 4.5% lowers that loan amounto to $693,000 resulting in a $15,500 drop in value.  With this potential change ...

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The Housing Market Soaring to New Heights in 2022

January 31, 2022

The Housing Market Soaring to New Heights in 2022 Housing markets nationwide continue to experience the groundbreaking demand that arose during the early stages of the pandemic nearly two years ago. According to the National Association of Realtors, home values increased by 16.9% in 2021, the highest year-over-year increase since 1999.  This surge in demand is ...

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Ice Dams and Frozen Icicles

January 28, 2022

Showing a home to prospective buyer with icicles or an ice dame needs explanation.  I get asked all the time the causes of them, the dangers of them, and what can be done in the future to protect yourself and the home.  Generally, after a home has several inches of snow on the roof, the sun or ...

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Rising mortgage rates could ‘supercharge’ spring buying season

January 25, 2022

The fear of missing out on low mortgage rates could “supercharge” the housing market ahead of the spring homebuying season, but not necessarily in markets where inventory is scarce. That’s according to Mark Fleming, chief economist for First American Financial Corp., in an analysis gauging the potential impact of rising home prices and mortgage rates on homebuyer ...

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Tips for Buying a home!

January 19, 2022

Hire an Agent. You don't have to hire a buyer's agent if you prefer to go to open houses or look through a mumbo-jumbo of homes online. Find a Home to Buy. Finding the right home is not always an easy task. Get a Loan. It's not always necessary to have a mortgage broker ...

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What is a Vessel Sink?

January 17, 2022

When it comes to making changes to add a sense of fashion to your home, the bathroom is one of the most commonly overlooked rooms. There is a lot that can be done with the bathroom, though, including painting, adding accent decorations, and changing the various fixtures in the room to completely revamp its look. One option that’s ...

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What is a HUD Home and how can I purchase one?

January 17, 2022

What exactly is a HUD owned home and how can I purchase one? A HUD home is a house that has been foreclosed on that had buyers that originally used FHA insured financing to purchase the property. The homeowner could not make the payments for whatever reasons and the lender was forced to foreclose on the house.  HUD ...

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