REO properties have remained somewhat under control in these popular suburbs. Recently there have been more bank owned REO listings and foreclosures coming onto the market. Some of the listings are short sales as well. Current Eagan REO Inventory 10 Condos 15 Townhouses 23 Single Family Homes Current Apple Valley REO inventory 2 Condos 25 [...]
Closing Costs for Sellers in the Twin Cities
August 25, 2008 By Leave a Comment
Photo Credit If you have ever wondered about closing costs to the seller, well here you go. Here is a brief list of some typical closing costs to sell your home in the Twin Cities real estate market. Commission X% of sales price Broker Admin $295.00 Closing Fee $280.00 Title Evidence $350.00 Assessment Search $35.00 [...]
Twin Cities Economic and Market Watch Report
August 20, 2008 By Leave a Comment
Find Property Taxes in Minnesota
August 20, 2008 By 1 Comment
W Hotel Opens in Minneapolis
August 13, 2008 By Leave a Comment
The Foshay Tower reopens today as part of the modern Starwood W Hotels chain in downtown Minneapolis. Bought by none other than Ralph Burnet (that’s where the Burnet in Coldwell Banker Burnet comes from) for a cool $90 million back in 06. The tower was once Minneapolis’ tallest building that was built back in 1929. [...]
Minneapolis and the Zillow Home Index Report
August 13, 2008 By 1 Comment
Zillow released there second quarter Real Estate Market Reports yesterday. The market reports are based on a variety of statistics that bring together current data of not only homes that sold but equity loss as well. You can view 165 market areas all the way down to the local level to get a better idea [...]
Fed says second ring suburbs next for foreclosures
August 11, 2008 By 1 Comment
A recent article in the Twin Cities Business Journal touches on the subject of the next wave of foreclosures coming to the second ring suburbs like Apple Valley, Woodbury and Minnetonka. Over 30 zip codes have been classified as potential problem areas with resetting sub-prime adjustable rate mortgages (ARM’s). The Federal Reserve of New York [...]
Cash is King in REO Properties, Unless…
August 11, 2008 By Leave a Comment
With lending starting to tighten up because of recent legislation passing and the shake ups at major banks, some home buyers are starting to find it difficult to find lending on certain properties. Those properties are none other than REO properties that are flooding the market right now. Why can’t buyers get funding? Since most [...]
Home sales increase, this isn’t suppose to happen now or is it?
August 8, 2008 By Leave a Comment
The National Association of Realtors released their latest report of the Pending Home Sales Index (PHSI). The numbers actually weren’t that bad and could have been worse. The PHSI actually rose 5.3% compared to what was previously determined in May, but still down over 12% from last year at this time. The NAR, usually puts [...]
