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Minnesota Real Estate Today News!
June 2011 - Posts
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Maybe homes in Minneapolis and St Paul are holding value better than we thought. Between March and April of this year, home values rose 0.8 percent nationally , according to the Federal Housing Finance Agency's Home Price Index. It's the index's Read More...
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Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 10-0 -- the fourth straight unanimous vote for the nation's Central Bank. In its press release Read More...
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The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May. As compared to April, last month's Single-Family Housing Starts rose 4 percent to a seasonally-adjusted, annualized Read More...
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Foreclosure rates are falling. According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. A foreclosure filing is defined as any one of the following: a default notice, Read More...
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The jobs market is recovering slower than expected, and so is housing. But neither condition has slowed U.S. consumers. According to the Census Bureau, Retail Sales rose for the 11th straight month in May . Excluding cars and auto parts, sales receipts Read More...
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Mortgage rates are falling, falling, falling. On a wave of uncertainty about Greece and its debt; and weaker-than-expected economic data at home, conforming 30-year fixed rate mortgage rates have fallen to levels not seen since December 2, 2010. Mortgage Read More...
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Consumer spending was mixed, with most Districts indicating steady to modestly increasing activity. Full Report Source: Federal Reserve Beige Book. For Minneapolis Beige Book District Report Read More...
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A mortgage comes with many moving pieces and understanding them is the key getting a great deal. Unfortunately, studies show that few Americans have a firm grasp of how mortgages work -- from mortgage types to mortgage fees. In this back-to-basics interview Read More...
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It's a fact: It's more expensive to live in some cities than others. Beyond just the costs of buying a home, different cities also carry a different Cost of Living. For households relocating from Minnesota and across state lines, the change in Read More...
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Due to the foreclosure crisis millions of Americans went from homeowners to renters. Even during slow economic growth, buying a home at historically low rates and prices can be the best choice. In many cities today buying is cheaper than renting. A 30 Read More...
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If you live in a high-cost area, keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Perhaps by as much as 14 percent. These limits range up to $729,750 currently. "Temporary loan Read More...
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Source: Wall Street Journal Blog June 2 2011 article Why It's Time to Buy a Home Read More...
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The March Case-Shiller Index was released this week and it corroborates the findings of the government's most recent Home Price Index -- home values are slipping nationwide. According to the Case-Shiller Index's publisher, Standard & Poors, Read More...
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Another quarter, another sign that mortgage lending may be easing nationwide. The Federal Reserve's quarterly survey of senior loan officers revealed that an overwhelming majority of U.S. banks have stopped tightening mortgage requirements for "prime Read More...
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