A perspective on the Minneapolis/St. Paul housing market
In the last few months we’ve seen a flurry of sales as first time buyers are trying to close on a home purchase before the $8000 tax credit expires on November 30th (maybe).
This has largely lead to the precipitous decline of available inventory on the under $190k and brought Months supply of homes in the [...]
FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.
Under the guidance, FHA-approved lenders can develop bridge [...]
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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