Looking to make some improvements to your home this year? Check out this report for your area and see what may be some better options for you.
Copy/Paste into your browser:
http://www.remodeling.hw.net/2013/costvsvalue/national.aspx
Tuesday, February 5, 2013
Tuesday, January 29, 2013
Weekly Market Update
For Week Ending January 19, 2013
Publish Date: January 28, 2013 • All comparisons are to 2012
The best real estate professionals leverage the power of data to deliver excellent value and real market understanding to customers. With the exceptional tools at their disposal, they can help buyers and sellers understand market trends and make important decisions. Real estate is "hot" again, even during the winter months, but nobody is predicting a rocket ship rise. It helps everybody if this market recovery incline is smooth and steady, like the gentle flow of a hot air balloon. Here are the numbers for this week.
In the Twin Cities region, for the week ending January 19:
• New Listings decreased 1.6% to 1,077
• Pending Sales increased 17.4% to 822
• Inventory decreased 31.6% to 12,197
For the month of December:
• Median Sales Price increased 15.9% to $168,000
• Days on Market decreased 23.4% to 108
• Percent of Original List Price Received increased 3.5% to 93.8%
• Months Supply of Inventory decreased 40.0% to 3.0
For more market info: http://www.mplsrealtor.com/
Publish Date: January 28, 2013 • All comparisons are to 2012
The best real estate professionals leverage the power of data to deliver excellent value and real market understanding to customers. With the exceptional tools at their disposal, they can help buyers and sellers understand market trends and make important decisions. Real estate is "hot" again, even during the winter months, but nobody is predicting a rocket ship rise. It helps everybody if this market recovery incline is smooth and steady, like the gentle flow of a hot air balloon. Here are the numbers for this week.
In the Twin Cities region, for the week ending January 19:
• New Listings decreased 1.6% to 1,077
• Pending Sales increased 17.4% to 822
• Inventory decreased 31.6% to 12,197
For the month of December:
• Median Sales Price increased 15.9% to $168,000
• Days on Market decreased 23.4% to 108
• Percent of Original List Price Received increased 3.5% to 93.8%
• Months Supply of Inventory decreased 40.0% to 3.0
For more market info: http://www.mplsrealtor.com/
Tuesday, January 15, 2013
NEW MN Housing Programs!
MN Housing now offers a few great programs that may help you get into a home. Here are a summary of the loans and qualifications:
Start Up:
~ Interest Rate: 2.75% (fixed rate)
~ Household Income: (1-2 people) $83,900 & (3+ people) $96,485
*Income varies outside of the Twin Cities
~ Purchase Price: Up to $298,125 ($237,031 outside of Twin cities)
~ Credit Score: 640 – 659 & maximum DTI (Debt to Income ratio) of 45%
~ Credit Score: 650+ & maximum DTI of 50%
~ No co-signers
~ All buyers meet the First Time Home Buyer definition and occupy the home (Anyone who has not had an ownership interest in a principle residence for the previous 3 years)
~ Need to occupy the home within 60 days after closing
~ Borrower can also use Down Payment Assistance with the Start Up program
Step Up:
~ Interest Rate: 2.75%
~ Household Income: (1-2 people) $83,900 (3+ people) $96,485
*Income varies outside of the Twin Cities
~ Purchase Price: Up to $298,125 ($237,031 outside of Twin cities)
~ Credit Score: 640 – 659 & maximum DTI (Debt to Income ratio) of 45%
~ Credit Score: 650+ & maximum DTI of 50%
~ Must be purchased as a principle residence (No Investment, recreational, or non-owner occupied properties)
For complete details on these programs please see www.mnhousing.gov
Start Up:
~ Interest Rate: 2.75% (fixed rate)
~ Household Income: (1-2 people) $83,900 & (3+ people) $96,485
*Income varies outside of the Twin Cities
~ Purchase Price: Up to $298,125 ($237,031 outside of Twin cities)
~ Credit Score: 640 – 659 & maximum DTI (Debt to Income ratio) of 45%
~ Credit Score: 650+ & maximum DTI of 50%
~ No co-signers
~ All buyers meet the First Time Home Buyer definition and occupy the home (Anyone who has not had an ownership interest in a principle residence for the previous 3 years)
~ Need to occupy the home within 60 days after closing
~ Borrower can also use Down Payment Assistance with the Start Up program
Step Up:
~ Interest Rate: 2.75%
~ Household Income: (1-2 people) $83,900 (3+ people) $96,485
*Income varies outside of the Twin Cities
~ Purchase Price: Up to $298,125 ($237,031 outside of Twin cities)
~ Credit Score: 640 – 659 & maximum DTI (Debt to Income ratio) of 45%
~ Credit Score: 650+ & maximum DTI of 50%
~ Must be purchased as a principle residence (No Investment, recreational, or non-owner occupied properties)
For complete details on these programs please see www.mnhousing.gov
Weekly Market Update
For Week Ending January 5, 2013
Publish Date: January 14, 2013 • All comparisons are to 2012
With 2012 in the books, we're starting to see some 2013 activity trickle in. Watch for continuations of last year's trends: less inventory, strong buyer activity and firmer prices. It's hard to believe spring is just around the corner, but would-be spring sellers are noticing the changes that have taken place. It's a much less scary time to sell a home. Foreclosure activity will also be a key metric to watch. For the current cycle, here's what the data shows.
In the Twin Cities region, for the week ending January 5:
• New Listings decreased 34.6% to 832
• Pending Sales increased 12.7% to 594
• Inventory decreased 31.1% to 12,000
For the month of December:
• Median Sales Price increased 16.2% to $168,452
• Days on Market decreased 23.4% to 108
• Percent of Original List Price Received increased 3.5% to 93.8%
• Months Supply of Inventory decreased 42.0% to 2.9
For more information see www.mplsrealtor.com
Publish Date: January 14, 2013 • All comparisons are to 2012
With 2012 in the books, we're starting to see some 2013 activity trickle in. Watch for continuations of last year's trends: less inventory, strong buyer activity and firmer prices. It's hard to believe spring is just around the corner, but would-be spring sellers are noticing the changes that have taken place. It's a much less scary time to sell a home. Foreclosure activity will also be a key metric to watch. For the current cycle, here's what the data shows.
In the Twin Cities region, for the week ending January 5:
• New Listings decreased 34.6% to 832
• Pending Sales increased 12.7% to 594
• Inventory decreased 31.1% to 12,000
For the month of December:
• Median Sales Price increased 16.2% to $168,452
• Days on Market decreased 23.4% to 108
• Percent of Original List Price Received increased 3.5% to 93.8%
• Months Supply of Inventory decreased 42.0% to 2.9
For more information see www.mplsrealtor.com
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