Shortage of homes for the middle class continues
My friends at Title One provided some useful information on purchasing a home from a foreign person. Keep this in mind for upcoming purchases. Here's a short summary... The following article was written for us by Barbara A. Olson, a local tax attorney. By Barbara A. Olson 612-436-3293 firstname.lastname@example.org Generally under Federal law, when the... Continue Reading →
Appraisals Catching Up to Rising Home Values | Realtor Magazine. As sellers and buyers look to an exciting Twin Cities market this article is a useful reference to appraisers ability to value properties based on current conditions. It's important for sellers to be able to sell for market value and for buyers to obtain financing... Continue Reading →
I just helped a wonderful retired couple Rick & Mary downsize from a large home to a 2 bedroom/2 bath townhouse. They wanted to stay in the same community as their house and wanted one level living. The home they found did not seem like a perfect fit since it was a 1 bedroom/1 bathroom... Continue Reading →
Soon, those short sales won't take quite so long | StarTribune.com. As I read this article I thought - finally they are getting a handle on short sales - yeah, good for distressed sellers and buyers. On the flip side I think of my sellers, and realize this will increase the competition. Many buyers now... Continue Reading →
Housing Is ‘Awakening From Hibernation,’ Freddie Says | Realtor Magazine. I've had a few experiences this past month that would support this "awakening" analysis. I am especially seeing foreclosures sell quickly and nicely updated homes in desirable locations/neighborhoods.
Housing Affordability Index Hits Record High. So if you have been on the fence about buying it might be time to get off the fence and take advantage of the current market conditions. This short article is useful. Using online tools or calling a lender for some number crunching may be in order 🙂 2012... Continue Reading →
I just downloaded and began reading this insightful article on the foreclosure crisis. The headline stopped me in my tracks since it says we as a country have "a long way to go" in the foreclosure crisis. If there is one thing I've learned in both real estate and my background as an analyst is... Continue Reading →