Twin Cities Real Estate Blog

The always excellent Calculated Risk goes into the simple reasons why 2nd mortgage holders are unlikely to embrace HAFA.
When a 2nd mortgage holder can only recover 3% of the loan or $3000, whichever is LESS, and they have to release the seller from all future liability, I can see why they will not be quick to [...]

Countdown timer above shows what little time is remaining for home buyers and sellers to take advantage of the tax credits!  To review:

1st time home buyers or those that have not been a homeowner for 3+ years may be eligible for an $8000 tax credit.
Current homeowners who have lived in their home for 5 of [...]

Last week was a notable week for those data buffs among us – HousingLink released their 2009 Foreclosure Report and the Mortgage Bankers Association released their quarterly delinquency survey.
As Chris Snowbeck from the Pioneer Press notes in a recent article, the HousingLink data is good news but can’t be considered a sign that the foreclosure [...]

Want to know the latest good and bad news in the Minneapolis/St. Paul housing market?  Take a peek at this video:

It’s that time again, the annual Residential Real Estate Activity Report for 2009 has just been released!  There’s good information in there but the key infoporn graphic for me is the share of sales in 2009 that were lender-mediated:

If you need to get an even more detailed image than what you can get by clicking [...]

Friendly reminder to all, if you’re looking for statistics on the housing market in the Twin Cities, here is all you need:
Foreclosures and Short Sales in the Twin Cities (updated monthly – co-created by me!)
Twin Cities Housing Market Activity Report (updated weekly)
City-Level Housing Market Data (updated monthly)
Twin Cities Monthly Market Activity (updated monthly)
Twin Cities Housing Supply [...]

In my job I often find that instead of trying to explain things myself it is better to simply cite the best resources out there already.  It’s not what you know, but who you know, right?
As is typical for them, the Minnesota Home Ownership Center has just put together a great post describing how sellers [...]