Here’s a snapshot of the February 2010 Twin Cities’ real estate market, courtesy of the Minneapolis Area Association of Realtors:
Pending sales were up more than 6% compared with February 2009.
Closed sales were up more than 4%.
The median sales price was up 6%.
There were on average only six months of inventory, down 23%.
Mortgage rates were down 8.5%; housing affordability is near ...
You may qualify for up to $8,000 in tax credits!
Did you know the Federal Government has extended its tax credit for First Time Home Buyers & Current Home Owners who have owned their homes for the last five years?
You may qualify for the credit if:
You have never owned a home
You have not owned a home for the last three years
You have owned your current home for the ...
Forbes named Mpls/St. Paul as one of America's Best Housing markets. Forbes ranked the top 10 markets by One Year Price Forecast: -0.01, Housing Opportunity Index: 84.9 and the Percentage of Housing Units in Foreclosure: 2.2.
So we actually have one of the healthiest markets in the country confirming my personal belief that we have reached the bottom and we are on the rise in activity, value and the ...
Yes, according to an article in Forbes.com. Job growth may be poised to recovery and real estate appears to be stabilizing. Forbes based its list on an analysis of the 40 largest metropolitan areas. More evidence that, while challenges remain, times are indeed getting a bit better!
The Minneapolis Area Association of Realtors sent out a News Release today to announce that for the 2nd straight month the median home price in the Twin Cities has increased. This is the first back to back monthly increase since 2006. Home Prices Show Signs of Stability
Here were the highlights from the report -
For the second consecutive month, home prices in the Twin Cities ...
Here is a copy of the complete 2009 Twin Cities Real Estate Report. Although all of the information is interesting, most of my clients find pages 14 & 15 of particular interest. Feel free to contact me for a private consultation on what these numbers mean for your particular situation.Sincerely,Don MaileyRE/MAX Results(952) 212-0968
There are special rules that apply to the home buyer tax credit for members of the uniformed services, the Foreign Service of the United States, or an employee of the intelligence community. Keep your clients informed by reading the information below:
Tax Credit Information Specifics for Military Service People
Glad to see we are taking care of our service people!
Call Cheryl Schopf for ...
Why buy a home now? According to CNN Money, there are a couple of very compelling reasons. One is the home buyer tax credit, which expires on April 30. You need to have a purchase agreement signed by April 30, and you must close by June 30. Don't forget that the credit is not just for first-time home buyers: credit is also available to homeowners who have lived in their home for five of the past eight ...
Are you a homeowner considering installing a reverse osmosis (RO) drinking water system? Or maybe a buyer considering a home that has one? Here are some basic facts to help you out.
RO was originally developed by the US Navy to convert sea water into drinking water for submariners. RO operates by running water through a membrane that is big enough for water molecules, but not other ...
The last I heard, Apple had over 100,000 applications available for the iPhone. This list will just scratch the surface, but will highlight some useful home searching and buying apps. If you are not an iPhone user, other phone companies and devices will have either the same or similar applications for your phone. All apps described here are free with upgraded versions listed where ...