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Minnesota Real Estate Today News!
January 2012 - Posts
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New Home Sales slowed into the New Year but the market for newly-built homes remains strong. For home buyers in Minnesota and nationwide, December's New Home Sales report is yet one more signal that the housing market recovery may be underway. According Read More...
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National Association of Home Builders reports remodeling index at highest level in 5 years! Source: NAHB 1/26/2012 Read More...
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After 3 consecutive months of growth, the housing market appears to have eased a bit in December. According to the National Association of REALTORS®, December's Pending Home Sales Index slipped 4 percent from the month prior. The index measures Read More...
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Wednesday, the Federal Reserve's Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The Fed Funds Rate has been near zero percent since December 2008. For the third consecutive Read More...
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The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year . The FOMC is a designated, rotating, 12-person committee within the Federal Reserve, led by Federal Reserve Chairman Ben Bernanke. Read More...
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The housing market finished 2011 with strength, and is carrying measurable momentum into 2012. According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December's Existing Home Sales climbed by Read More...
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Be sure to open post and then click source link. Source: CNBC Jan 20 2012 A Bottom in Housing Read More...
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When it comes to housing data, sometimes you have to look past the headlines. December's Housing Starts data offers a terrific illustration of why. Each month, the Census Bureau tallies Housing Starts for the month prior. A "housing start" Read More...
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Homebuilder confidence is soaring. For the fourth straight month, the National Association of Homebuilders reports an increase in its Housing Market Index. The index climbed 4 points to 25 this month -- its second four-point gain since October. With home Read More...
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Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac. In December 2011, the number of foreclosure filings nationwide fell 9 percent from the month prior . Not since November 2007 has foreclosure activity been this Read More...
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Will your home gain value over the next 12 months? Nobody can know for sure, of course, but should recent housing trends continue, there's concrete cause for optimism. The housing economy has suffered since 2007, knocking home values down nearly 20% Read More...
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The Federal Reserve has released the minutes from its most recent Federal Open Market Committee meeting . The Fed Minutes are a detailed meeting recap; the companion piece to the more brief, more well-known press release. As a comparison, the minutes Read More...
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Starting soon, nearly all home buyers and refinancing households throughout Minnesota and nationwide will pay higher mortgage loan fees. Congress has made it law. 13 months ago, as part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Read More...
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Freddie Mac announced Friday an extension in forbearance for unemployed borrowers. Some unemployed homeowners may now receive up to 12 months forbearance. According to Freddie Mac, almost 10 percent of delinquencies in the GSE’s portfolio are linked... Read More...
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I hope the market data and articles will help you with understanding real estate today and help you with your real estate decisions. If you have any questions, please do not hesitate to contact me 612 578 6162 or http://www.MinnesotaRealEstateToday.com Read More...
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For buyers and refinancing households throughout Minnesota , adjustable-rate mortgages are a relative bargain as compared to fixed-ones. According to Freddie Mac's weekly survey of more than 125 banks nationwide, St Paul mortgage applicants electing Read More...
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If you're floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET. The Non-Farm Payrolls report is more commonly called Read More...
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As the new year begins, there are no shortage of stories telling us what to expect in 2012. Housing finished 2011 with momentum and mortgage rates closed at the lowest rates of all time . Some expect those trends to continue through the first quarter Read More...
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The U.S. Treasury Making Home Affordable Program has a new tool for struggling homeowners to check their own Net Present Value and compare it against their servicer's. Many HAMP loan mods are denied based on the NPV. Check it out click MHA Check out Read More...
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