The objective of the Woodbury Home Improvement Fund is to remove blight, encourage home renovation and increase home values in the City of Woodbury. Low-interest loans of up to $25,000 are available to qualified families who earn no more than 80 percent of area median income, currently $64,000 for a family of four. Eligible improvements include home renovation that remedies a code violation as well ...
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The City of Woodbury, in partnership with the Greater Metropolitan Housing Corporation (GMHC), has made down-payment and closing costs assistance loans available to encourage the purchase of foreclosed properties in the City of Woodbury. Current available dollars for loans are based upon the balance for any given period. The maximum loan amount is $25,000. The interest rate ...
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To encourage residents to install new, energy efficient furnaces and air conditioning systems, the City of Woodbury Housing and Redevelopment Authority (HRA) is expanding its "Woodbury Goes Green" program to include a furnace replacement incentive.
As of June 1, all Woodbury residents are eligible for a $250 discount off a 95 percent Annual Fuel Utilization Efficiency (AFUE) furnace and/or a $250 ...
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As summer progresses, the Twin Cities housing market continues on a well-established pattern of shrinking supply and growing sales. New listings for the week ending July 11 were 1,867-a 13.7 percent decrease over last year but a nice pickup after the annual July 4 slowdown. Pending sales rose to 1,007, a year-over-year increase of 16.6 percent. That's not as much of a year-over-year expansion as the ...
Home sales are up in the Twin Cities, as you may have heard.
But here's the tricky part: sales are only up in certain price ranges. Specifically, sales are way up in the price points below $200,000 where foreclosures and short sales are more prevalent. Things look a little different the higher up the price ladder you go. So we thought it'd be advantageous to take a quick look at what's happened ...
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The number of homes for sale in the Twin Cities metro area continues to decline relative to a year ago. As of Monday morning this week, there were 26,674 homes for sale in the region, down 20.9 percent from a year ago. In other words, we've lost 1 in 5 homes in our inventory in the last year. Sales are a different story. For the week ending June 20, there were 1,156 signed purchase agreements, ...
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Traditionally, the real estate market has been dependent upon three key factors; home prices, interest rates and unemployment. In other words, if prices are reasonable, monthly payments are low and enough people have good incomes, plenty of homes will be bought and sold.So, how does this relate to our current market? Are we starting to see a turn around? The NAR Home Affordability Index is the ...
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As we near the halfway mark of 2009, the Twin Cities housing market continues to show a pattern of robust home sales and declining new listing activity. Setting aside fluctuations over the Memorial Day holiday, long-term market improvement can be seen when comparing 2009 to 2008. There were 1,210 pending sales for the week ending June 13-a strong 33.8 percent increase from last year. There were ...
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The Spring Market is starting to heat up. I have been meeting with more of the "traditional" sellers who would like to put their home on the market and get in on the awesome deals that are out there in the move up market. I really think that the media is beginning to see that the pendulum has BEGUN to swing. While the foreclosure market does offer some great deals there are plenty ...