“Chinese Company Said to Be Buyer of Hummer” –headline, The New York Times (6/2/09) The bad news is, China’s appetite for ever-more trillions of U.S. debt may be waning. The (mostly) good news? China’s appetite for U.S. assets may just be kicking off . .Read More
“Going, Going . . . Gone”According to my office’s in-house mortgage lender — Steve Mohabir of Edina Mortgage — the cupboard is almost bare at Minneapolis’ loan program for first-time Buyers, called Minneapolis Advantage. Specifically, only 4 loans are left out of 100 originally made available. According to Mohabir, other municipal loan programs around the...Read More
Appraisal Issues Back on the Front-BurnerAs the saying goes, “April showers bring May flowers.” In the real estate market this Spring, the equivalent is, “April multiple offers bring . . . May appraisal issues” (OK, so it doesn’t have the same ring to it). One of the consequences of a home selling in multiple offers...Read More
