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Minnesota Real Estate Today News!
November 2011 - Posts
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Standard & Poor's released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years. The Case-Shiller Index for September showed drastic devaluations nationwide. Read More...
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If you plan to buy of new construction in Minnesota sometime in 2012, don't expect today's low prices. Like everything in housing of late, the market for newly-built homes appears to be stabilizing and, in some markets, improving. As foreshadowed Read More...
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Home improvement projects are booming, expected to cross $110 billion in total volume this quarter. Unlike in recent years, however, the projects aren't helping to create much new home equity. According to Remodeling Magazine's Cost vs Value Report Read More...
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A conforming mortgage is one that, literally, conforms to the mortgage guidelines as set forth by Fannie Mae and Freddie Mac. Conforming mortgage guidelines are Fannie's and Freddie's eligibility standards; an underwriter's series of check-boxes Read More...
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The housing market continues to signal that a broad rebound is underway. In October, despite sparse home inventory, the number of properties sold increased 1.4% nationwide. According to data from the National Association of REALTORS®, on a seasonally-adjusted, Read More...
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NOVEMBER - 2011 Newsletter Housing Trends eNewsletter Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed with national and local housing information that you may find useful whether you’re in the market Read More...
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After a brief return to lower, pre-2009 levels, FHA loan limits have been restored . As signed into law last Friday, maximum FHA loan limits are -- once again -- as high as $729,750. The move creates additional mortgage financing possibilities in more Read More...
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Another day, another signal that the market for newly-built homes is improving. Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October -- a 4 percent increase from September and the highest reading in 3 months. Read More...
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Homebuilder confidence continues to rise. Just two months after falling to a multi-month low, the Housing Market Index surged again in November, climbing another three points to 21. It's the second straight month that the HMI posted a 3-point gain, Read More...
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Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government's revamped HARP program, kick-starting a potential refinance frenzy across Minnesota and nationwide. HARP stands for Home Affordable Refinance Program. The updated Read More...
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Foreclosed homes are a hot market throughout Minnesota -- and supplies are ramping up. According to foreclosure-tracking firm RealtyTrac, October's foreclosure filings rose 7 percent to 231,000 filings nationwide. A "foreclosure filing" Read More...
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Space heaters are popular among homeowners in Minneapolis because, as portable appliances, they can heat a small space quickly and inexpensively. It requires less energy to run a space heater than to raise the temperature of an entire home by a few degrees. Read More...
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With Halloween behind us, retailers are in the Holiday Spirit. Businesses know that consumers spent a median $556 on holiday gifts last year and they want this year to be just as strong. That's why it's barely November and, already, Black Friday Read More...
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Click Article Source: HousingWire.com Nov 9 2011 Read More...
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As part of its quarterly survey to member banks nationwide, the Federal Reserve asked senior loan officers whether last quarter's "prime" residential mortgage guidelines have tightened, loosened, or remained as-is. A "prime" borrower Read More...
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A home appraisal is an independent opinion of your home's value, performed by a licensed home appraiser. Appraisals are part of the traditional home purchase process, and lenders require them for most refinances, too. Appraisers are trained professionals. Read More...
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Buying or Selling a Home in Eagan Eagan , Minnesota, a suburb of Minneapolis-St. Paul, has had the distinction of having been included three times in Money Magazine's top 20 places to live in the United States. The town is particularly proud of its 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 nearly unanimous, with just one dissenting voter. There were 3 dissenters at each of the FOMC's Read More...
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Within the next 48 hours, mortgage rates may get bouncy. The Federal Open Market Committee will adjourn from a 2-day meeting and October's Non-Farm Payrolls report is due for release. Of the two market movers, it's the Non-Farm Payrolls report Read More...
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The Federal Open Market Committee begins a scheduled, 2-day meeting today, the seventh of its 8 scheduled meetings this year , and the eighth Fed meeting overall. The FOMC is a 12-person sub-committee within the Federal Reserve. It's the group responsible Read More...
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