Mpls. Offers Biggest Home Buyer Carrot Yet Starting April 2, the Minneapolis Advantage program will provide $2 million to fund 200 $10,000 deferred loans to buyers of foreclosed homes in certain Minneapolis neighborhoods. The loan is forgiven if the homeowner lives in the house at least five years. Information about the program will be available...Read More
“Waiting for the Light” “Be aware that the market does not turn when it sees light at the end of the tunnel. It turns when all looks black, but just a subtle shade less black than the day before.” –Jeremy Grantham, “Reinvesting When Terrified“; (March 2009 Newsletter) Grantham, who manages $85 billion and is one...Read More
Three Reasons Why Deals Are Tougher in a Recession What amuses me about 99% of the articles written about the housing market — and there’s been an explosion lately — is that they’re not written by active, working Realtors. Most are simply journalists whose “beat” (area of focus) is the housing market. On a scale...Read More
Edina’s ’08 Price Rise: Less Than Meets the Eye? Edina was the only community with more than 200 home sales last year that posted an increase in home sale prices. In 2008, the median sale price of Edina homes sold through the Regional Multiple Listing Service was $388,250, up 3 percent from 2007. Throughout the...Read More
Preventing Depression — Financial & Otherwise[Editor’s Note: Realtors are private citizens and taxpayers, too. You’d have to be living in cave not to be aware of — and outraged by — the conduct of Wall Street principals in the ongoing financial mess. The following post is a response to that behavior.] Dismayed — infuriated? disgusted?...Read More
Read Jim Buchta’s Articlein Today’s Star TribJim Buchta, the Star Tribune’s top real estate reporter, has an excellent article in today’s paper surveying the Twin Cities housing market (“Best Sellers: Foreclosures”). And I’m saying that not just because I’m quoted and served as background for the story. In particular, Buchta does a very nice job...Read More
