All Blog Entries by Shane Andersen

Found 242 blog entries published by Shane Andersen.

Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Barb Adelaine from BankStar. Today, she explained the different options home buyers have with low down payment loans.  You can reach Barb at 605.696.8562 or barb.adelaine@bankstar.com.  Her office is located at 1301 6th St., Brookings SD 57006 or on the web at www.ebankstar.com 

 

 

 

 

- Good morning everybody, Shane here from the Brookings Home Team, powered by Century 21. Monday morning, 8:15, that means it's Monday Morning Mortgage Tip. And this morning I am graciously sitting next to, is it

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In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly.

In the mind of the homeowner, annual home price appreciation over 6% has become the new normal. This becomes a challenge when a homeowner looks to refinance or sell their home, as the expectation of what the homeowner believes the home should be worth does not always line up with the bank’s appraisal.

Every month, the Home Price Perception Index (HPPI) measures the disparity between what a homeowner seeking to refinance their home believes their house is worth and what an

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Get Directions Click Here OPEN HOUSE Sat, 10:00AM to 11:30AM
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4 BEDROOMS | 2 Baths (2 full ) BATHROOMS | 1594 SqFt

YOU CAN'T BUILD NEW AT THIS PRICE! The lower level of this was just completed to add 2 bedrooms, 3/4 Bathroom and living room. It's all new and waiting for YOU! The main level has 2 more bedrooms, bathroom and room to entertain with the Living & Dining Rooms. There is a large 16x17 deck off the Dining room for some summer grilling and parties. The garage is insulated and wired for a heater. Don't wait and check this one out today.

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Get Directions Click Here OPEN HOUSE Thu, 5:00PM to 6:30PM
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2 BEDROOMS | 2 Baths (1 full, 1 ¾ bath ) BATHROOMS | 1350 SqFt

NO YARD WORK OR SNOW SHOVELING in this 2nd Floor Condo. With 1350 Sq. Ft. you get 2 Bedrooms, a Master Bath, Den and an enclosed patio. Newer Laminate floor in the Dining & Kitchen area. An elevator, and a large common area for all those family dinners and parties. Enclosed parking garage with an extra storage area for the holiday items or tools. Call Today For A Personal Showing.

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4 Reasons to Buy A Home This Summer | MyKCM

Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

Home values will continue to appreciate. Waiting may no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage have started to level off around 4.3%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National

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Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Justin Froiland from Fairway Mortgage. Listen as Justin explains the importance of researching credit repair companies prior to working with someone to build up your credit.  You can reach Justin at 605.695.1429 or justin.froiland@fairwaymc.com.  His office is located at 412 5th St., Brookings SD 57006 or on the web at www.BrookingsMortgage.com 

 

 

 Home Inspections vs. Home Appraisals

- Good mornin' everybody, how you doin'? Shane here from the Brookings Home Team, powered by Century 21. And once again,

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Boomerang Buyers: Don’t Be Afraid to Buy a Home Again! | MyKCM

According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.”

According to the 2019 Home Buyer Report from NerdWallet,

“Thirteen percent of Americans have lost a home due to a financial event such as foreclosure in the past 10 years. More than 6 in 10 of them (61%) have not bought a home since, and 20% of those who haven’t repurchased say they never plan to again.”

This makes sense. They don’t want to go through the same pain again. As a cornerstone of the American dream, nobody wants to lose homeownership. But let’s

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Multigenerational Homes Are on the Rise | MyKCM

As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the U.S. is 78 years old! As a result, 41% of Americans in the market are searching for a home that can accommodate a multigenerational family.

The graph below shows the number of people by generation that purchased a multigenerational home because they will either be taking care of an aging parent or they just want to spend time together.Multigenerational Homes Are on the Rise | MyKCM

Of those buyers, 26% indicated they will be taking care of an aging parent, and 14% said they want to spend time with an aging parent. These numbers do not

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Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Andrew Jallo from Dacotah Bank and discussed loan estimates. You can reach Andrew at 605.692.8600 or Andrew.Jallo@dacotahbank.com.  His office is located at 1441 6th St., Brookings SD 57006 or on the web at www.dacotahbank.com.

 

 Pre-Payment Penalties

 

- Good morning everybody. Shane here, from the Brookings Home Team, powered by Century 21. Monday morning 8:15, on the dot.

- Right?

- No technical issues or anything this time. And uh, if this guy looks familiar, yes he was with us on Saturday,

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What is Really Happening with Home Prices? | MyKCM

Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.

However, a stronger-than-expected economy and a good spring housing market have changed some opinions. Some analysts are now predicting that home value appreciation may begin to increase as we move forward.

Here are three examples:Mark Fleming, Chief Economist of First American

“Data on the movement of unadjusted house prices during the early spring home-buying season won’t be available for a few more months, but it’s quite likely that price appreciation will

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