15-Year Rate Hits Record Low
The average rate for 15-year mortgages reached a new bottom this week, dipping from 4.40 percent to 4.32 percent—the lowest level since Freddie Mac began tracking rates in 1991.Rates for 30-year mortgages approached the all-time low of 4.78 percent again last week, falling to 4.83 percent from an average of 4.91 percent a week ago. Wellesley College economist Karl ...
I hope you enjoy this video message, reviewing the latest real estate trends within the Twin Cities Market. Where do you think our market is heading?
TIP: If a video you are watching continually starts and stops, this is called buffering. When this occurs, simply click pause to allow buffering. Once complete, click play again. The video should play without ...
With the challenges we have faced this past year in the Real Estate market, I find myself looking more and more for positive energy and reinforcement to help both myself and my customers. I have gone back to reading some good books that inspire me to overcome challenges and face them with ease and determination. Here is a great book to keep on your desk!
DON'T SWEAT THE SMALL STUFF and it's all small ...
If you like old fashioned personal service and shopping at neighborhood businesses you will want to consider shopping at Bob Bayer's Do It Best Hardware for your hardware needs. Bob is a longtime Linden Hills resident and community business owner
Every year Bob organizes and directs the 9/11 Tribute at Lake Harriet Bandshell. It's a wonderful American get together to reflect and remember,to ...
So what's the oulook for November so far?
Takeaway #1: The market segment that has the lowest months supply of homes for sale? Single-family detached homes under $120,000, which have 2.0 months of supply—an extreme seller's market.
Takeaway #2: The segment with the highest months supply? Single-family detached homes above $1,000,000, which have 37.6 months of supply. Things look even more extreme ...
Recently selected by Money magazine as the "hottest place to live in the Midwest for cities under 100,000," Woodbury is also an ideal location for business. As one of the fastest growing and most vibrant communities in the Midwest, Woodbury is home to a vast pool of skilled and educated workers. It also offers an impressive inventory of commercial and industrial properties available for development.
Bordered ...
According to marketwatch.com , the number of people interested in investing in real estate has doubled since March as more folks are lured by low prices and the wide selection of foreclosures that can be bought on the cheap, according to survey results released this week by Move.com.
Just more than 12% of potential home buyers surveyed plan to purchase a home as an investment property compared with ...
It's official...........................
President Obama signed the Unemployment Insurance Bill, which contains the Homebuyer Tax Credit extension and expansion. Yesterday, the United States House of Representatives, by a vote of 430-12, joined the Senate in passing the bill. For a summary, click here.
About 588,000 borrowers walked away in 2008, twice the number in 2007, according to a study by credit management firm Experian and management consultants Oliver Wyman. Many more are expected to walk away, hampering the real estate recovery, economists say. The mortgage unit of Citigroup says one in five borrowers defaults willingly, even though they're able to pay the mortgage. "It's increasingly a ...
We have great news for the housing market, as well as the economy as a whole. It looks as though the home buyer tax credit will be extended (and expanded!) into 2010 - the President has not yet signed the extension, but it seems to be a foregone conclusion at this point. Let me give you some details:
1. The pool of home buyers eligible has been expanded - first time home buyers are still eligible ...