Archive for September, 2011

YOU are the stimulus that will turn things around

September 26th, 2011
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I keep hearing this guy on the radio say something to the effect that ‘with rates this low refinancing is the biggest no brainer in the history of mankind.’

Turn that to purchasing a home and the same should be true.  With rates at 60 year lows, why aren’t people stampeding Real Estate offices right now to purchase homes?  The Feds announced Wednesday  that they are going to try a new trick to stimulate the economy aptly named Operation Twist. Read the rest of this entry »

Minnesota just plain dominates the country with it's resources available to help people buy houses affordably.

September 26th, 2011
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Yet, a lot of people don’t know about these programs or don’t understand how they work.  We’ve spent 25 years working in this arena. For some, the notion is that Affordable Housing translates to ‘inferior’ in some way and nothing could be further from the truth.  Learning about just a few of these resources could put a family in the home of their dreams. Read the rest of this entry »

There Are Some BIG Changes That Could Impact Home Sales in the Near Future

September 9th, 2011
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FHA loan limits could drop yet again on January 1, 2012

While Congress debates how to create jobs, a vote on retaining the current high cost limits on mortgages has not yet taken place.  Thus we revert to the ‘old’ way of calculating the loan limits as of loans not fully credit approved and clear to close by September 30th.  Currently, the new loan limits in place on Oct 1st, in the Minneapolis/St. Paul Metro area will revert to $318550.  However, the formula for calculating the limits in place on January 1st, 2012 may result in even lower limits.   The loan limits in place after Oct 1 2011 expire December 31 2011.  This could dramatically affect purchase agreements written that are set to close after the 1st of the year. Read the rest of this entry »

Why New is Becoming a More Frequent Choice for Today's Buyer

September 2nd, 2011
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“Nothing is more noticeable between an older home and a new home, than the check you write for utilities every month.” – Fall Parade of Homes Magazine 2011 Read the rest of this entry »