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Even with temperatures cooling, the Twin Cities housing market remained in its summer swelter of a holding pattern for the week ending August 28. Signed purchase agreements topped off at 636, continuing a sub-700 trend that has gone on for 15 weeks in a row. Prior to that, we had 15 weeks in a row of 700 or more pending sales per week.
Think about that for a minute. There were more pending sales in ...
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As of June 15, Minnesota state law allows homeowners that have fallen behind on their mortgage payments to delay or postpone the Foreclosure Sale of their home by five months. The Homeownership Center of Minnesota has some great information about this new foreclosure prevention law. Visit Minnesota Home Ownership Center at www.hocmn.org for more information.
Gina DumasREALTOR, ABR, CRS, GRI612.718.2783RE/MAX ...
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An emergency loan program and refinancing plan are designed to help people keep homes.The Obama administration plans to set up an emergency loan program for the unemployed and a government refinancing effort in the next few weeks to help homeowners pay their mortgages after home sales dropped in July, Housing and Urban Development Secretary Shaun Donovan said. "The July numbers were worse than ...
The most recent Twin Cities real estate stats show pending sales down over 36% from this same period last year, continuing with the holding pattern of around 600 sales weekly. Weak sales mean rising inventory; there are 27,664 homes available for sale, up 7.4% from a year ago. In August, there will be 8.64 homes available per buyer, up dramatically from the mark of 5.28 seen ...
Great New Listing in Maple Grove!
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With pending home sales down sharply in July, sellers in Minneapolis are offering price reductions more often than in any other US city. With sales down, the inventory or houses on the market is growing. Reports released Wednesday showed pending home sales in the Twin Cities down and the inventory of houses on the market growing. The Mpls Area Assoc of REALTORS reported that signed ...
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Ten MN counties participate in the agricultural land preservation program. These counties have allowed exclusive agricultural zones to be created or have elected to become an agricultural land preservation pilot county. They are able to impose a fee of $5 per transaction on the recording of a mortgage or a deed, called a conservation fee or jokingly referred to as "Bucks for Ducks." ...
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DQ Miracle Treat Day is next Thursday, August 5th. Buy a Blizzard at a participating Dairy Queen and a portion of the sale benefits our local Children's Miracle Network hospitals. They say the calories don't count when it’s for a good cause :) RE/MAX Results Sales Executives are generous long standing contributors to Children's Miracle Network through the RE/MAX Miracle Homes Program. Join me ...
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Many first time home buyers aren't aware of programs available to help them out. Often times a first time buyer is eligible for down payment assistance, reduced interest rates or a combination of both. A great resource to start with is the Minnesota Housing Finance Agency at http://www.mnhousing.gov/.
For more information, contact me at Gina@GinaDumas.com or 612.718.2783
Gina DumasABR, ...