Archive for January, 2010

New RESPA Guidelines

January 29th, 2010

There’s magic afoot.  According to the Minneapolis Association of Realtors, the most popular price ranges of 2009 have hit the 5 month supply mark just as the spring market kicks into full swing.  In the next most popular price point of the past 12 months, there is a mere 6 months of supply.  This bodes well for sellers at these price points but means there will be plenty of competition for those who wait on the sidelines to buy until the snow leaves the ground.  With the April 30th tax credit deadline a mere 90 days away, there’s no time to waste for buyers or sellers who want to take advantage of the tax credit this year. Read the rest of this entry »