TWIN CITIES AREA
June’s activity continued to lag as buyers appear to be taking a break after the tax credit hubbub. Those with closing delays will benefit from an extension of the tax credit closing deadline, allowing eligible taxpayers who contracted to buy a home before April 30 until Sept. 30, 2010 to close. Overall, sales for the year are still 6 percent ahead of 2009, but many are predicting a continued slowdown until fall.
Interest rates dipped to their lowest in 50 years recently, providing unbelievable buying and refinancing opportunities. Refinancing at today’s low rates can offer some homeowners a chance to recover lost equity and lower their monthly payments. Find out how.
CNNMoney.com and Money Magazine named Eden Prairie, Minnesota, the number one small city in America, and Plymouth, Woodbury, Eagan and Apple Valley also ranked in the top 20 cities, putting Minnesota on the Top 100 list more than any other state.
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*Edina Realty Appointment Center statistics.
Based on information from the Minneapolis Area Association of REALTORS®, Inc. Data collected from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC., for properties in the 13-county region exclusively.