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Minnesota Real Estate Today News!
October 2011 - Posts
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For the past several years, Apple Valley Real Estate has been caught up in the same forces that affect real estate nationally. Apple Valley homes have fallen in price and have taken longer to sell on the market. Apple Valley foreclosures have been up Read More...
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Nationwide, fewer homes are going under contract to sell. According to the National Association of REALTORS®, the Pending Home Sales Index fell 5 percent last month. September marks the fourth consecutive month in which the index has dropped. The Read More...
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Home builders continue to sell homes and work through inventory. According to data from the Census Bureau, the number of new homes sold in September jumped 6 percent from the month prior, beating analyst expectations. On a seasonally-adjusted, annualized Read More...
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The August 2011 Case-Shiller Index was released this week. On an monthly basis, 10 of 20 tracked markets worsened. On an annual basis, valuation degradation was worse. Only Detroit and Washington, D.C. posted higher home values in August 2011 as compared Read More...
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The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give "underwater homeowners" opportunity to refinance. With average, Read More...
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The Twin Cities housing experienced declining inventory and home buying activity remained strong. Source: Minneapolis Area Association of Realtors Click on Twin Cities Housing Market Activity Update Read More...
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Click on the ebook link attachment below. Get the help you need! Read More...
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Despite fewer homes for sale nationwide, the number of home resales remains steady. According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, September's Existing Home Sales eased by 150,000 units, Read More...
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Headlines in newspapers can be misleading -- especially with respect to housing figures. Media coverage of the most recent Housing Starts data serves as an excellent illustration. Wednesday, the Census Bureau released its September Housing Starts report. Read More...
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Homebuilder confidence is rebounding sharply. Just one month after falling to a multi-month low, the Housing Market Index rebounded four points to 18 for October. It's the highest reading for the HMI since May 2010 -- the month after last year's Read More...
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Foreclosure activity continues to slow throughout the United States. According to data from RealtyTrac , a national foreclosure-tracking firm, the number of foreclosure filings dipped below 215,000 in September 2011, a 6 percent decrease from August. Read More...
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How much energy is your home wasting on water? According to the U.S. Department of Energy, water heating can account for 25% of a home's energy use. This is a substantial percentage, representing thousands of dollars per year in energy costs. The Read More...
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Wednesday, the Federal Reserve released the minutes from its 2-day meeting September 20-21, 2011. The release shows a divided Fed in disagreement about the current U.S. monetary policy. The group reached compromise for new economic stimulus, however, Read More...
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Did you remember to handle the most basic safety precaution for your new home? When people buy homes -- in Minneapolis or wherever -- , there's a tendency to think "Big Picture" on home improvements. Flooring, painting and furniture are Read More...
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The American Consumer is alive and well, it seems. Friday morning, the Census Bureau will release its Retail Sales figures for September. The report is expected to show an increase in gross receipts for the 15th straight month with analysts predicting Read More...
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With mortgage rates at all-time lows, you may be asking "Is now a good time to refinance?". This short interview from NBC's The Today Show offers good insight. Today Show Is it a Good Time to Time to Refinance Refinancing a mortgage is about Read More...
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Mortgage rates have dropped past 4 percent. For the first time in more than 40 years, data from Freddie Mac's weekly Primary Mortgage Market Survey shows the average 30-year fixed rate mortgage falling below 4 percent, dropping to 3.94 percent nationwide Read More...
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Mortgage rates are prepped to make big moves in the next 36 hours. Is it time for you to call in your rate lock? Friday, at 8:30 AM ET, the Bureau of Labor Statistics will release the Non-Farm Payrolls report for September. Issued monthly, the "jobs Read More...
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The government is confirming what the private sector has already shown -- home values are on the rise. The Federal Home Finance Agency's Home Price Index shows home values rose 0.8% in July . July marks the fourth straight month that home values climbed Read More...
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For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent. Effective October 1, 2011, the temporary mortgage loan limits that allowed for non-jumbo loan sizes of up to $729,750 are no longer. $729,750 Read More...
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