Archive for the ‘ Real Estate ’ 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 ]
March 16, 2010 – (RealEstateRama) — With the quickly receding snow cover exposing last year’s leaves and other dead vegetation, yard clean-up isn’t far behind. The Minnesota Department of Natural Resources (DNR) reminds homeowners that spring is fire season, and to think safety first when disposing of yard waste. The safest way to dispose of yard [ 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 ]
The tidy house on a quiet, suburban street immediately caught Abdelhafid Fajri’s eye. It had everything he and his wife, Kathryn, had been looking for — a big yard, a great kitchen. And the new carpet and freshly painted walls were more than they’d hoped to find in a foreclosed house. But the Blaine house also had [ 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 Minneapolis MN for Nov 09 to Jan 10 was $147,750. This represents a decline of 5.3%, or $8,250, compared to the prior quarter and an increase of 20% compared to the prior year. Sales prices have depreciated 27.9% over the last 5 years in Minneapolis. The average listing price [ READ MORE ]