Ok, so maybe the last tax credit didn’t really work. So this new one has to right? The senate just recently approved a $15,000 tax credit to further help out with the current housing market. The last one of $7,500 to first time home buyers surely did not do it’s job. All the facts are [...]
Zestimate on White House Falls Below $300 Million
January 22, 2009 By Leave a Comment
What the hell… as soon as Barack Obama moves into the White House Zillow Zestimates that the most famous address in the world, 1600 Pennsylvania Ave has sunken below the $300 million mark for a home value. Have you seen the monthly mortgage payment for this sucker? A zero down loan, 30 year fixed at [...]
Foreclosure Heat Map of Minneapolis/St. Paul and United States
January 20, 2009 By 2 Comments
Realty Trac released the foreclosure heat map below showing the density of foreclosed homes nationwide in 2008 per capita. Another place where you can find foreclosure heat maps is over at HotPads, unfortunately Minneapolis/St. Paul metro area is not ‘yet??’ part of the map. These foreclosure heat maps give better transparency to the scope of [...]
Minneapolis #3 on Best Places to Retire
December 15, 2008 By Leave a Comment
Are Loan Modifications Working?
December 11, 2008 By 3 Comments
There has been a lot going on lately especially with the current outlook of mortgage rates falling. Another big thing that has been gaining steam has been mortgage loan modifications. I read a great article on why it is so difficult to modify a loan and it is probably the best one seen yet. Most [...]
Slideshow of the current financial crisis
December 4, 2008 By Leave a Comment
Will there be 4.5% interest rates in the Twin Cities soon?
December 3, 2008 By 3 Comments
In an effort to lift home sales and possibly values again, an article over at the Wall Street Journal today claims the Treasury is in talks with Fannie Mae and Freddie Mac to encourage banks to write mortgage loans at 4.5% fixed interest rate over 30 years. This of course would be temporary. The plan [...]
According to one study, Twin Cities still the best for business
December 3, 2008 By Leave a Comment
Twin Cities Mortgage Rates Plummet
November 26, 2008 By 1 Comment
Late to the party but better late than never, the Federal Reserve announced yesterday that they were purchasing up to $600 billion in mortgage related debt, $500 billion going towards “direct obligations” in government sponsored enterprises (GSE) and mortgage backed securities (MBS) from Fannie Mae, Freddie Mac and Ginne Mae. This is widely seen as [...]
