Below you will find my predictions from a January 7, 2010 blog post and my comments on each of those predictions as of August 24, 2010:Foreclosures will continue to come on the market and many will be scooped up quickly with multiple offers. Correct! This has been the case so ...
Housing News, Opinion, Statistics and Homes for Sale
Category Archives: Mortgage Rates
USDA Rural Development Program Receives Cash Infusion
According to the National Association of REALTORS, the USDA will once again have funding for their guaranteed loan program:------------------------------------------------------------- Thousands of Rural Home Buyers Aided by Passage of Housing Funding Measure Washington, July 28, 2010The restoration of the single-family rural housing program that would guarantee home loans for rural buyers was passed by the ...
40% Of Twin Cities Home Purchasers Used FHA In 1st Half 2010
The trend from 2009 continues: nearly 40% of all home buyers in the Twin Cities during the 1st half of 2010 used FHA Loan to finance their purchase. This is up from just 2% in 2007!Why are so many buyers using ...
Twin Cities Home Buyer Financing Over The Years
I took some time today to go over some NorthstarMLS data (the Twin Cities area MLS data service) to see how home buyer financing has changed over the last few years and put together a few pie charts that I thought you might enjoy. Click on each image for a bigger view:
FHA Loans Make up Nearly 40% of Real Estate Sales in Twin Cities in 2009
The housing market continues to change and one of the largest changes in 2009 was the resurgence of FHA financing. As lenders have tighted up financing requirements and increased down payments from 0% a few years ago to predominantly 10% today, FHA's more forgiving standards and lower 3.5% down payment requirement have made it a very ...
Aaron Dickinson
Edina Realty
1-800-941-0959
Licensed in MN
