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Gorman's Gazette Blog

Tuesday, May 17, 2022   /   by Mikayla Gorman

Should You Update Your House Before Selling? Ask a Real Estate Professional.

Some Highlights


If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide.



In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves.



If you’re thinking about selling your house, let’s connect so you have expert advice that’s customized to your home and our local area. ...

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  home prices, housing market, real estate, 2022, jason gorman real estate team, keeping current matters, spring market, home equity, home seller, housing inventory, foreclosures, housing supply, mortgage rates, sellers market, buyers

Thursday, May 12, 2022   /   by Mikayla Gorman

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis.

When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time.

1. There Are Fewer Homeowners in Trouble

Today’s data shows that most homeowners are exiting their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again. The graph below depicts those findings from the Mortgage Bankers Association (MBA): ...

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  home prices, housing market, real estate, 2022, jason gorman real estate team, keeping current matters, spring market, home equity, home seller, housing inventory, foreclosures, housing supply, mortgage rates, sellers market, buyers

Tuesday, May 10, 2022   /   by Mikayla Gorman

2022 Housing Market Forecast

Some Highlights
What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead.
Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs.
Let’s connect so you can make your best move this year. ...

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  home prices, housing market, real estate, 2022, jason gorman real estate team, keeping current matters, spring market, home equity, home seller, housing inventory, foreclosures, housing supply

Thursday, May 5, 2022   /   by Mikayla Gorman

Three Tips for First-Time Homebuyers

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to start.

Here are three things that can help give you the information you need to confidently pursue your dream of homeownership.

1. Consider All Options When the Number of Homes for Sale Is Low

Today, there are far more buyers in the market than there are homes available for sale. When that happens, it’s a good idea to do what you can to increase your pool of options. That could mean expanding your search to include additional housing types. For first-time buyers, considering condominiums (condos) and townhomes can be an excellent way to increase your choices. According to Bankrate:


& ...

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  home prices, housing market, real estate, 2022, jason gorman real estate team, keeping current matters, spring market, home equity, housing supply, sellers market, buyers, buying a home, first time home buyer

Tuesday, May 3, 2022   /   by Louetta Larson

How Homeownership Can Help Shield You from Inflation

How Homeownership Can Help Shield You from Inflation


If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile.
If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. While the answer depends on your situation, here’s how homeownership can help you combat the rising costs that come with inflation.
Homeownership Offers Stability and Security
Investopedia explains that during a period of high inflation, prices rise across the board. That’s true for things like food, entertainment, and other goods and services, ev ...

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  home prices, housing market, real estate, jason gorman real estate team, spring market, home equity, housing inventory, foreclosures, mortgage rates, housing supply, sellers market, buyers, buying a home, first time home buyer, inflation

Jason Gorman Real Estate Team Keller Williams Premier Realty
Jason Gorman
635 Bielenberg Dr. Ste 100
Woodbury, MN 55125
651-735-7653

The data relating to real estate for sale on this web site comes in part from the Broker Keller Williams Premier Realty of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Lakes Area Realty are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2022Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated May 21, 2022
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Jason Gorman - Jason Gorman Real Estate Team / Keller Williams Premier Realty are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2022Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated May 21, 2022
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