Twin Cities Real Estate Blog

Based off of conversations I’ve had and what I’m reading on the interwebs, it sounds like the USDA’s Rural Development program that allows home buyers to purchase for 0% down is almost out of funding and isn’t scheduled to receive new funding until September.
This program is heavily used in the boonies  the sticks Greater Minnesota. [...]

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 [...]

Today I received an email from DR Horton offering 5% commission on select homes closing in the next 40 days:

What I’m wondering is at what point do commissions get so lucrative that it can severely influence an agent’s actions in representing their buyer?  Since discussing “usual” or “typical” commissions in a public forum can lead to [...]

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:

4 Bdrm 4 bath 4,400 sq./ft. hillside home on 4 plus acres, 7 min. from Middleton. Master suite with whirlpool and deck. Fieldstone fireplace, wraparound porch, storm/wine cellar, spectacular room to grow marijuana, open floor plan, elevator and handicap accessible with in-law suite. 2 1/2 car garage with lower level shop. Separate 40′ x 60′ [...]