A perspective on the Minneapolis/St. Paul housing market
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 [...]
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 [...]
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′ [...]
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 [...]
In the last 12 months I’ve had a few situations where my client’s offer on a foreclosure was rejected in favor of a cash offer. In my office, I know of many others that have experienced the same thing.
With the data provided by RMLS that I used yesterday to comment about FHA transactions, I am also able [...]
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 [...]
Google just put up some new satellite imagery of Haiti that can be viewed as a layer in Google Earth. I just spent the last 1/2 hour taking a look and here are some of my thoughts:
Most roads look passable
Many people are in the streets and lots of debris around
Some buildings total losses, another right [...]
This blog is written by Aaron Dickinson, a REALTOR with Edina Realty. Views expressed are the views of Aaron Dickinson and not of Edina Realty or any other organizations that Aaron is affiliated with.
Aaron Dickinson
Edina Realty
1-800-941-0959
Licensed in MN
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