Monthly Archives: August 2011
S&P Rates Subprime Mortgages Higher Than U.S.
Do you suppose that the Subprime Mortgages are less risky now or is the U.S. in that bad of shape? Thoughts? Standard & Poor’s is giving a higher rating to securities backed by subprime home loans, the same type of … Continue reading
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CoreLogics Home Price Index, how Minnesota ranks nationally July 2011
CoreLogic released their July Report for their Home Price Index. The Lead on their report is July Home Price Index Shows Fourth Consecutive Month-Over-Month Increase. Except for Minnesota… Excluding distressed sales, the five states with the greatest depreciation were: Nevada (-9.6 … Continue reading
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Homes By Architects Tour
The fourth annual AIA MN Home By Architects Tour will be held Saturday, September 17 and Sunday, September 18, 2011 from 10 a.m. until 5 p.m. each day. The tour will feature over a dozen new and remodeled homes located … Continue reading
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Local Architect wins Marvin Windows & Doors annual Challenge
Every year Marvin Windows & Doors has a contest recognizing the best architecture internationally. This year a local architect, Jeff Murphy of Murphy & Co. Design, Buffalo, MN won for their design of Hunting Barn in Highcroft - Wayzata, MN. To see … Continue reading
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Twin Cities Weekly Market Update (week ending Aug 20, 2011)
This market update was put on the back-burner on getting posted because the Quarterly Case Shiller Index came out this morning. This one should not be overlooked, because this is actually a leading indicator to the Case Shiller Index for our area. Minneapolis … Continue reading
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S&P Case Shiller Home Price Index 2nd Qtr 2011, Minneapolis vs Composite 20
There are some bright spots on the horizon from the 2nd Quarter report from Case Shiller Home Price Index. Nationally we are up 3.6% back getting back to 2003 price levels. A little bit of bad news, Minneapolis has led the decline by … Continue reading
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Real Estate investment as hedge against inflation
If you have fears of inflation but believe Gold is over priced. You may want to consider Real Estate. I have believed this for a long time, real estate has historically paced inflation. I found this article from the Danville Patch … Continue reading
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Everyone’s a Winner in CNN’s Best Place to Live
Everyone’s a Winner in CNN”s Money Magazine Best Places to Live. I was really impressed when the City of Plymouth won this, then every year after that it seems like a new town/city in Minneapolis wins the award. This year … Continue reading
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Minneapolis St Paul Building Permits and Housing Starts
I just posted the Building Permits and Housing Starts for the State of Minnesota, and now I see they just released the Minneapolis/St Paul charts. This is what counts for us, not the national stats or State stats – although … Continue reading
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Commercial real estate outlook turns grim
This is good update on the commercial real estate market on a national outlook. It is funny that the Municipalities and State are looking to shift more property tax burden on the Commercial Real Estate that happens to be struggling … Continue reading
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