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Minnesota Real Estate Today News!
June 2012 - Posts
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The Federal Home Finance Agency's Home Price Index shows home values up 0.8% in April on a monthly, seasonally-adjusted basis. April marks the third consecutive month during which home values increased and the index is now up 3 percent from last year Read More...
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The new construction market continues to improve. As reported by the Census Bureau, 369,000 new homes were sold last month on a seasonally-adjusted, annualized basis. A "new home" is a home that is considered new construction. May's data Read More...
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Home resales slipped last month; a slight setback for the nation's housing market's recovery. According to the National Association of REALTORS®, Existing Home Sales fell to 4.55 million units in May 2012 on a seasonally-adjusted annualized Read More...
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The Housing Trends Newsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally Read More...
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Mortgage rates have resumed their downward trend. According to Freddie Mac's weekly Primary Mortgage Market Survey , the national average 30-year fixed rate mortgage rate fell 5 basis points to 3.66% this week. The rate is available to "prime" Read More...
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The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. For the fifth consecutive meeting, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member, Richmond Read More...
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Sometimes, the housing data headlines tell just half the tale. The stories on May's Housing Starts figures are proving to be a terrific illustration. Tuesday, the Census Bureau released its monthly Housing Starts report. A "housing start" Read More...
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Home builders anticipate growth in the market for newly-built, single-family homes. For June 2012, the National Association of Homebuilders reports its monthly Housing Market Index at 29 -- an increase of more than 100% from one year ago and the highest Read More...
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Nationwide, the U.S. housing market is showing signs of recovery. Home prices are rising as demand for homes outweighs existing home supply in many metropolitan regions. As is customary in real estate, though, the degrees to which home values change vary Read More...
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According to foreclosure data firm RealtyTrac, the number of foreclosure filings nationwide rose 9 percent in May as compared to April 2012. Filing topped 200,000 units for the first time in 3 months. The term "foreclosure filing" is a catch-all Read More...
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The number of U.S. housing markets showing "measurable and sustained growth" slipped by 20 in June, according to the National Association of Homebuilders. The Improving Market Index is meant to identify housing markets in which economic growth Read More...
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It's a money-saving time to be a St Paul home buyer. Historically, mortgage rates of all types -- conventional, FHA, VA and USDA -- have never been lower and low mortgage rates make for low monthly payments. According to Freddie Mac's weekly mortgage Read More...
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Standard & Poors released its March 2012 Case-Shiller Index last week. The index is meant to measure changes in home prices from month-to-month, and from year-to-year, in select U.S. cities. According to the report, home values rose in 12 of the Case-Shiller Read More...
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Beginning Monday, June 11, the FHA is changing its mortgage insurance premium schedule for the second time this year. Some FHA mortgage applicants will pay lower mortgage insurance premiums going forward. Others will pay more. The new premiums apply to Read More...
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When you preview homes as a home buyer, you can get a good feel for the home's visible traits -- its finishes, its room counts, and its landscaping, for example. What you can't get a feel for, though, is the home's "bones". It's Read More...
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For the second straight year, the jobs market looks to be slowing into the summer. Last Friday, in its monthly Non-Farm Payrolls report for May 2012, the Bureau of Labor Statistics reported 69,000 net new jobs created , plus a one-tick rise in the national Read More...
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