Archive for the ‘ Housing ’ Category
Over the next three months, the U.S. Census Bureau is going to hire about 1.2 million temporary workers. The seasonally adjusted impact of these numbers will be massive, so don’t overreact positively when the news makes headlines a few months from now. Nonetheless, we believe that positive job creation is getting ready to occur as most [ READ MORE ]
It is amazing to me that appraisal companies are implying or accusing licensed Realtors who provide broker price opinions for lenders of devaluing properties. In our part of the country, the appraisers are the ones who are giving low value to properties, even in cases where the buyers and sellers have agreed on the price. I [ READ MORE ]
Mortgage rates are expected to rise gradually as the Federal Reserve left a key short-term interest rate untouched Tuesday, but said it would wrap up $1.25 trillion in purchases of mortgage-backed securities this month. In a statement, the Federal Open Market Committee said its target for the federal funds overnight rate will remain in the range [ READ MORE ]
An estimated 7.5 million homeowners are behind on their mortgage or in the foreclosure process, and another 1 million homes are bank-owned (also known as real estate owned or REO) after being foreclosed on by lenders, according to a new report from Lender Processing Services Inc. The LPS February 2010 Mortgage Monitor report, which is based [ READ MORE ]
RE/MAX has gained No. 1 market share in Minneapolis/St. Paul, Minn., beating out longtime competitors Edina Realty and Coldwell Banker Burnet. After 15 years of continuous market growth, RE/MAX clinched the top spot despite being outnumbered in agent count by Edina and Coldwell Banker, which both saw drastic declines in their sales volumes and had several [ READ MORE ]
WASHINGTON – The number of buyers who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern states. Record snowstorms in January and February had many Americans shoveling sidewalks and driveways instead of combing through listings for open houses. Partly as a [ READ MORE ]
The median sales price for homes in Eden Prairie MN for Nov 09 to Jan 10 was $252,250. This represents a decline of 6.2%, or $16,750, compared to the prior quarter and a decrease of 12.7% compared to the prior year. Sales prices have depreciated 11.1% over the last 5 years in Eden Prairie. The average [ READ MORE ]
The median sales price for homes in Lakeville MN for Nov 09 to Jan 10 was $240,900. This represents a decline of 5.5%, or $14,000, compared to the prior quarter and a decrease of 32.8% compared to the prior year. Sales prices have depreciated 8.8% over the last 5 years in Lakeville. The average listing price [ READ MORE ]
Mortgage rates are one of the most important factors to consider in looking for a new home. Finding the best deal in the market does not only mean looking for a home which falls under our budget. Locking in a type of mortgage which gives you the best deal in terms of mode of payment [ READ MORE ]
Lakeville’s market trend is like most Twin City suburban communities which it is currently is in a buyers market. Interest rates are currently experiencing slight downward pressure. Location Characteristics: Lakeville is located in the southeast corner of the Twin Cities metropolitan area, within Dakota County. The community offers a well-balanced atmosphere of planned development and managed [ READ MORE ]