TODAY in the Twin Cities Market Key Statistics that are updated by the Minneapolis Area Association of Realtors Go Now o Weekly Market Activity Report o Monthly Market Indicators o Residential Real Estate Activity Report o Housing Supply Outlook
There is an array of Energy Tax Credits that can make home improvements pay off in cash. Details
It is easy to find Down-Payment Assistance for lower-income and first-time home buyers. Search online for “down-payment assistance programs.” and your "city", "county" or "state." Examples
Interactive Market Analytics for Twin Cities Housing Market
The Minneapolis Area Association of REALTORS® (MAAR) is making housing market data easier than ever to explore and dissect. Welcome to a new interactive market analytics tool for Twin Cities area real estate. TRY THE TOOL.
Raising its upfront mortgage insurance premium to 2.25 percent from 1.75 percent effective April 5, 2010.
Boosting the minimum down payment to 10 percent for borrowers with a credit score of 580 and below (it stays at 3.5 percent for everyone else) to be posted in Federal Register in February with 60-90 day comment period.
Reducing permissible seller concessions from 6 percent to 3 percent to be posted in Federal Register in February with 60-90 day comment period.
Seeking congressional legislation to raise the annual mortgage insurance premium to a level above the current cap of 0.55 percent.
Did You Know:
This is an Excellent Market for First Time, Move Up and Investment Home Buyers. Take advantage of this opportunity to sell low but also to Buy Low.
Review and cleanup Your Credit Report if you plan a purchase within the next year. Your credit rating is more critical now than it has ever been.
Only 3.5% down payment is required to purchase a home with a FHA mortgage.
Short Sale and Bank Owned Properties can provide immediate equity opportunities.
If you would like guidance and consultation on these topics, please contact me and I will be glad to help you.
Explaining the Beginning of the Mortgage Mess (pdf)... Go Now
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