Foreclosures are still happening and will continue for awhile, no matter what advice you hearing about a possible bottom of the real estate market in the Twin Cities. Home values have taken a beating and are creating scores of opportunities for buyers. Mortgage rates are sitting at record lows depending which day or hour you [...]
Mortage Rates Jolt Upwards
May 28, 2009 By Leave a Comment
Mortgage interest rates have taken an all out beating the past few days. Could mortgage rates be the next bubble? A couple of knee-jerk market reactions and here we are sitting a lot higher in interest rates than earlier in the week. Long story short, government buying up mortgage backed securities hoping to keep interest rates [...]
Brockway Park Disc Golf Course In Rosemount
May 26, 2009 By Leave a Comment
Brockway Park disc golf course is now open for disc flinging in Rosemount. The course is located in the Harmony Village neighborhood and has been completed for some time, but only until now has it been open for disc golf. Why the wait? The city has been waiting for the developer to open more streets [...]
Sunday Mashup
May 24, 2009 By Leave a Comment
A gathering of real estate findings from the past week: A long over due law provides protection for renters when landlords go into foreclosure. The law allows tenants to remain in the home until lease is up. Check it out to get the full details. Homes are the most affordable in the last two decades. [...]
Common Mistakes When Buying A Foreclosure
May 22, 2009 By Leave a Comment
Getting a good deal on REO (Real Estate Owned) home can definitely happen but don’t over look these mistakes when buying a foreclosure in Minnesota. Buying a foreclosure in an area that is populated with bank owned property is a surefire signal that prices could be held down for years to come. Just because it [...]
Are Foreclosures Being Eyed More By Buyers?
May 21, 2009 By Leave a Comment
More buyers are interested in foreclosures and bank owned homes according to Trulia and Realty Trac. The resentment has risen to 85% from 80% of buyers think their is a negative aspect to buying foreclosures and 40% of buyers expect a discount of at least 50%! According to their survey, younger buyers are more likely [...]
Twin Cities Most Expensive Homes Sold In April
May 18, 2009 By Leave a Comment
A little late but nonetheless here they are 5500 Parkwood Lane, Edina, MN 55436 Sold Price $2,375,000 201 S 11th Street #2400, Minneapolis, MN 55403 Sold Price $2,243,724 12128 Grandview Terrace, Apple Valley , MN 55124 Sold Price $1,650,000 222 2nd Street #1001, Minneapolis, MN 55414 Sold Price $1,453,895 3615 Abbot Avenue South, Minneapolis, MN [...]
Sunday Mashup
May 17, 2009 By Leave a Comment
Links from around the interwebs: The SEC may charge Countrywide’s flamed orange colored founder Angelo Mozilo with fraud Forbes names of the real estate best bargain cities and also asks homeowners if a bottom has been reached Freddie Mac could be the next one up for a bailout from Blown Mortgage House prize puzzle from [...]
