Monthly Archives: September 2011
Housing market hit bottom: former RealtyTrac exec. Catfish Recovery
Housing market hit bottom: former RealtyTrac exec. Well, it’s official, we have hit bottom! At least according to Rick Sharga, former RealtyTrac exec. The U.S. housing market hit bottom this year and will remain flat until 2014, when it will … Continue reading
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Pessimistic bankers: Home prices won’t recover before 2020
I saw this article from the Minneapolis/St Paul Business Journal stating that 49% of the risk managers at banks don’t believe that housing prices would recover to 2007 levels before 2020. The nation’s housing prices are unlikely to recover before … Continue reading
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Reminder: 2nd Half Property Taxes Due
Just a reminder that your 2nd Half Property Taxes are Due October 15th. (that’s coming up soon!) (enough time to secure a loan!) If you are in Hennepin County you can pay your 2nd Half Property Taxes Online at: http://www.hennepin.us/PropertyTaxPayments … Continue reading
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WSJ analysis: Minnesota has lowest mortgage denial rate
I wonder if this is the reason Minnesota ranked # 1 in the Nation for Mortgage Fraud? 20% still seems high to me for denial rate. I would assume someone may not qualify for the best interest rates, but may … Continue reading
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Fox News interviews my boss, Ron Peltier, Chairman and CEO of HomeServices of America
Ron Peltier is Chairman and CEO of HomeServices of America was interviewed on Fox News. ( HomeServices of America spun out of Edina Realty and owns many real estate companies including Edina Realty around the country.) Apparently Ron follows my … Continue reading
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30 Year Fixed Rate Mortgage drops, is it the result of The Twist?
I had been posting every business day on the 10 year treasury and the 30 year mortgage since the announcement of Operation Twist. The reason why I am posting info on the 10 year treasury is that the 30 year … Continue reading
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S&P/Case-Shiller Home Prices Indices – Minneapolis Home Price decline from Peak
S&P/Case-Shiller Home Prices Indices.. This is a great chart showing the increase in home price by percentage for Cities, and the price decline by percentage from the Peak. Great visual to see how Minneapolis/St Paul Twin Cities area did compared to the … Continue reading
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Minneapolis/St.Paul MN, Twin Cities Unemployment Rate August 2011 – released 9/28/2011
The Metropolitan Area unemployment rates were released by the St Louis Federal Reserve this evening for August 2011. We know the State of Minnesota held at 7.2% unemployment rate for August, but now we can see how our local real … Continue reading
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Housing Starts: Minneapolis/St Paul,Bloomington Metro Area 9/27/2011
This information was released by the US Department of Commerce: Census Bureau today. It includes data up to August 1st, 2011. Not surprising, but it is showing us we are still bouncing along the bottom. Privately Owned Housing Starts: 1-Unit … Continue reading
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Mortgage Rates and Operation Twist – Day 6
Well, it looks like the Feds plan to lower rates may have backfired. It is probably a bit early to make that conclusion, but the trend is beginning to point that direction. Today the stock market rallied again pushing the … Continue reading
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