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Minnesota Real Estate Today News!
February 2012 - Posts
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The housing market appears headed for a strong spring season. After a brief setback in December, the Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior. The data puts pressure on Minneapolis home buyers. Read More...
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The new construction market rolls on. As foreshadowed by February's Homebuilder Confidence survey , which rose to a 4-year high, the Census Bureau reports new homes are selling more quickly than builders have built them, lowering the national "home Read More...
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Attendees of the 2012 International Builders' Show had an outstanding opportunity to hear Federal Reserve Chairman Ben Bernanke deliver remarks during a special session on Day #3 of the show. Watch the video! Source: NAHB National Association of Home Read More...
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The Federal Reserve has rele ased the minutes from its 2-day meeting January 24-25, 2012. The Fed Minutes is a summary of the conversations and debates that shape our nation's monetary policy. It receives less attention than the Fed's more well-known, Read More...
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January's home resales moved to a 20-month high -- additional evidence that the nation's housing recovery is underway. According to the National Association of REALTORS®, the January 2012 Existing Home Sales showed 4.57 million units sold Read More...
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Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It's yet one more signal that the U.S. housing market may have already climbed off its bottom. According to RealtyTrac, a "foreclosure Read More...
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The housing market has carried forward its year-end momentum. According to the Census Bureau, on a seasonally-adjusted, annualized basis, January's Single-Family Housing Starts crossed the half-million unit marker for the second straight month . This Read More...
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New construction buyers in Minneapolis , look out. The nation's home builders are predicting a strong 2012 for new home sales. It may mean higher home prices as the spring buying season approaches. For the sixth straight month , the National Association Read More...
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The U.S. economy continues to show signs of a rebound. According to the Census Bureau, Retail Sales climbed to $329 billion last month on a seasonally-adjusted basis, excluding automobiles. January's data marks the 18th time in 19 months that Retail Read More...
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Economists believe the strength of the 2012 housing market will be closely tied to jobs. If they're right, the housing market is ripe for a boost. It spells good news for Minneapolis home sellers and may mean the end of bargain-basement prices for Read More...
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The government's new, revamped HARP program is 6 weeks from release. Homeowners in Minnesota and nationwide are gearing up to refinance. HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the government's loan product Read More...
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Traditionally, federal income taxes must be filed with the IRS on, or before, April 15 each year. The date has become such a part of U.S. culture that many people simply call it "Tax Day". This year, however, for the 3rd time in 7 years, your Read More...
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Falling mortgage rates make owning a home more affordable . Mortgage rates are directly tied to monthly mortgage payment so as mortgage rates drop, so does the cost of home-ownership. It's a money-saving time to buy a home in Minneapolis -- or to Read More...
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After a half-decade of tightening mortgage guidelines, banks are starting to "loosen up". The Federal Reserve conducts a quarterly survey of its member banks and, last quarter, not a single responding bank reported having tightened its mortgage Read More...
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This week, once more, we find mortgage rates are on a downward trajectory. Conforming mortgage rates have returned to near all-time lows. After Friday morning's Non-Farm Payrolls report, however, those low rates may come to an end. It's a risky Read More...
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Standard & Poors released its November 2011 Case-Shiller Index this week. The index measures the change in home prices from month-to-month, and year-to-year, in select U.S. cities. According to the data, for the second straight month, home values Read More...
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