![]()
A bit of discerning news from Zillow today: 42% of home owners with mortgages in the Twin Cities are underwater, meaning they owe more than their home is worth. Any improvements in the overall real estate market will be hampered by this high number. Being underwater is the second most common reason why home owners walk away from their homes, with unaffordable payments being the leading ...
![]()
The Park Board has included funding in 2011 to repave the road beside Parade Stadium. Many of us use that road daily and a new surface will be greatly appreciated!
![]()
Economists have been saying since the start of the Great Recession, any recovery in housing must go hand-in-hand with a recovery in jobs. The one-step-forward-one-step-back recovery may be poised to take two steps forward: The NABE (National Association for Business Economics) survey of employers released this morning showed that 42% expect to hire in the next six months. This is ...
![]()
Did you know Cafe Barbette (1600 West Lake Street, www.barbette.com) has late-night happy hour Mondays and Thursdays? 10:00 p.m.-midnight, the restaurant features various musical performers, $4 drinks and $5 appetizers. Check it out for something different, something cool.
![]()
The number of new households being created is at a sixty year low. The Great Recesssion has families and friends living together in record numbers. Recent graduates move back in with their parents. Families who have lost their homes move in with the parents or in-laws. Friends live together and continue renting rather than buying. Immigration, another source ...
![]()
Finally some good news! Forbes magazine ranked the Twin Cities 4th for job growth in 2011. Another piece in the puzzle of economic recovery getting locked in.
![]()
The numbers are in: Nationally, prices have fallen six percent from June. With foreclosures again on the rise, the forcast calls for up to another 10% depreciation by spring. These are national numbers, but similar trends appear in the Twin Cities market. Have we hit bottom? Look at it this way: the bottom of housing prices is like the edge of a saw. Prices ...
![]()
Tired of the colors on your walls? Painting is an inexpensive way to change the mood of a room. As we hunker down for winter (hopefully brief and mild!), consider a color chage. These projects provide fast change and freshen any room. If you are considering selling your home next spring, do these projects now. Painting is a low dollar investment that can return thousands ...
Area real estate continues to be a story of good news/bad news. The median sales price over the past year has held steady at about $381,000, down from a high in 2007 of $470,000. Days on market has grown from 119 to 161 the past two years. The months suppply has held steady at just over 9 months (though for homes over $1,000,000 the stats are worse). Closed sales of single family ...
![]()
Living in an urban setting and wishing you could have a city vegetable garden? Check out the Woolly Pocket (www.woollypocket.com). Made from recycled material, these urban garden solutions provide vertical and horizontal options for you patio or terrace. It is a fun website. See what the woollyschoolgarden is!