As of August 1st, 2018 the new address of the Mullins Group will be: The Mullins Group, Inc. 4735 Spruce Way Medina, MN 55359
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Nearly 25% of home sales in Minnesota are cash transactions
About 25% of home purchases in Minnesota have been cash sales (i.e. no mortgage). This is lower than the national average of 36% and is down from a few years back in the Great Recession. During the downturn and ensuing Great Recession; real estate investors purchased homes at discounted rates and accounted for a significant…read more
Real Estate Apps today’s homeowners have embraced
Technology has changed the home buying and selling process signficantly over the past few years. With the addition of Apps, today’s buyers and sellers have access to real estate data that previously was tougher to obtain. There are literally hundreds, if not thousands, of real estate apps available. From home searches to mortgage applications to…read more
Which comes first..housing or jobs?
Today’s article from Time Magazine highlights an ongoing issue regarding housing and the economy. Undoubtable the housing market crash was one of the primary catalysts for the economic downturn. But housing also creates jobs and can fuel economic recoveries. New construction has a trickle down effect..from construction workers, realtors/brokers, morgtgage lenders, title companies, engineering firms,…read more
The Mullins Group has a new website & blog!
Big news.. the Mullins Group has a new website and blog! Please check back regularly as we plan to have updated blog entries at least once a week on important real estate issues. http://mullinsgroupinc.com/blog/
Vacation Property in Puerto Rico
My family and I just returned from a much-needed vacation to Puerto Rico. We’ve been there before, but believe its a “hidden gem” for its affordability and beauty. We looked into going to Florida, but found real estate rentals to be much more affordable and on the white sand. For instance, most hotels in Florida…read more
Strategic Defaults and the Foreclosure Crisis Buzz up
Nearly a year after the Obama administration unveiled its ambitious housing rescue program, foreclosure tallies continue to break records. Foreclosure filings were reported on more than 2.8 million properties in 2009, up 21 percent from the previous year and 120 percent from 2007, according to RealtyTrac. With nearly 10 percent of mortgages now delinquent–which is…read more
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Weekly Market Activity Report Did you get all your screams out over the Halloween weekend? Well here’s a scary thought to keep you in the Halloween spirit: we’re running out of homes to sell in the lower price ranges. For the week ending October 24 there were 926 signed purchase agreements, up a monstrous (get…read more
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Weekly Market Activity Report Once again, the six-day gap between where Labor Day fell in 2008 and where it fell this year is causing our year-over-year weekly numbers to look weird. For the week ending September 12, you’ll see a steep drop-off in new listings and pending sales, but there’s no such dip last year.…read more