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Minnesota Real Estate Today News!
September 2011 - Posts
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Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they're buying homes. According to the National Association of REALTORS®, on a seasonally-adjusted basis, the Pending Home Sales Index fell 1 percent in August Read More...
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Standard & Poors released its monthly Case-Shiller Index this week. The Case-Shiller Index measures home price changes from month-to-month, and year-to-year, in 20 select U.S. cities. It also reports a "national" index; a composite of the Read More...
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Are home resales rebounding? According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August from the month prior, and 19 percent as compared to August of last year. "Existing homes" are homes that are previously Read More...
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Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A "Housing Start" is defined as a home on which ground has broken. We shouldn't put too much Read More...
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SEPTEMBER - 2011 Newsletter Housing Trends eNewsletter Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in Read More...
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The Federal Open Market Committee adjourns from a two-day, scheduled meeting today, the sixth of 8 scheduled meetings this year , and the seventh Fed meeting overall. The FOMC is a designated, 12-person committee within the Federal Reserve, led by Fed Read More...
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Check out the weekly metro activity numbers. Click Source Link: Minneapolis Area Association of Realtors Read More...
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Energy codes offer a cost-effective way to reduce energy use and monthly bills. Source: BCAP and Consumers Union. Click Energy Codes and Checklists Read More...
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Mortgage rates hit record lows Source: CNBC Realty Check Diana Olick 9/15/2011 Mortgage Rate Record Lows Read More...
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It's not just 30-year fixed rate mortgages that are posting all-time lows these days. The 15-year mortgage has been plunging, too. If you've ever considered a 15-year loan term, it's a terrific time to talk to your lender. According to Freddie Read More...
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On an annual basis, foreclosure filings fell last month. As compared to August 2010, last month's foreclosure filings dropped 33 percent. "Foreclosure filing" is a catch-all term, comprising default notices; scheduled auctions; and bank Read More...
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For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates. The interest rate by which many adjustable-rate mortgages adjust has climbed to its highest level since September 2010, and looks poised to reach higher. Read More...
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Home affordability slipped slightly last quarter, dragged down by rising mortgage rates and recovering home prices in Minnesota and nationwide. The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. This means Read More...
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Mortgage rates moved lower. Mortgage rates, fixed and adjustable, hitting all-time record lows amid market and employment concerns and economic uncertainty. Source: Freddie Mac PMMS 9/8/2011 Read More...
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Mortgage guidelines appear to be tightening with the nation's largest banks. In its quarterly survey to senior loan officers nationwide, the Federal Reserve uncovered that a small, but growing, portion of its member banks is making mortgage approvals Read More...
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The U.S. economy is no longer adding new jobs. Last Friday, in its monthly Non-Farm Payrolls report, the Bureau of Labor Statistics reported that the U.S. economy added exactly zero new jobs in August as the national Unemployment Rate held steady at 9.1 Read More...
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The PMMS mortgage rates survey shows mortgage rate results due to weak economic and housing data. The 30-year fixed rate held steady, the 5-year ARM set a new record low. Source: Freddie Mac Weekly Results 9/2/2011 Read More...
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Has housing turned the corner for good? The June 2011 Case-Shiller Index reading posted strong numbers across the board, with each of the index's 20 tracked markets showing home price improvement from May. Some markets -- Chicago and Minneapolis -- Read More...
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If you're shopping for a mortgage rate, today may be a good day to lock one down. That's because Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report for August 2011. The "jobs report" tends to have Read More...
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