Ugly Headlines Existing U.S. Home Sales Pace Down 6.3% Year-Over-Year in March –USA Today U.S. New Home Sales Unexpectedly Decline to Record Low –Reuters Existing Home Sales Drop 9.6% –Marketwatch.com Scan the latest headlines, and you’d conclude that the housing market is a wreck. What the headlines omit, however, is context: one year ago, Spring...Read More
Overpaying $3,000 to Get Back $1,500? I fielded a call this week from a client — her mailbox filled with flyers touting the expiring $1,500 tax credit — asking how much a forced air furnace should cost to heat her 1,700 square foot townhome. My answer: anywhere from $3,500 to $4,500, depending on the make,...Read More
Did the Late Bird Get the Worm?? Although I take issue with some of the math underlying the analysis, there’s no denying that the drop in interest rates since April 30 — thanks to the Eurozone crisis — has at least partially offset the benefit(s) associated with now-expired home buyer tax credits. Missing the tax...Read More
Is it Too Late to Get an Extension? OK, so it’s not quite as bad has having an exterior shot with snow on a day that the Twin Cities hit 95(!) sticky degrees. However, given that April 30 was one of the most hyped deadlines in the housing market the past year or so, I...Read More
Under the Tax Credit Deadline (Just!) Communities large and small traditionally attach a lot of fanfare to the first birth of the new year. So, the proud parents of little Susie or Tommy, who arrived at 12:03 a.m. on New Year’s Day, typically rate a mention in the paper or news (and often a free...Read More
Tax Credit Countdown When: 4-6 p.m. today Where: 4121 W. 28th St (28th & Inglewood Ave. So.), in St. Louis Park’s Fern Hill neighborhood What: 4 Bedrooms (all up), 3 Bath 1937 Colonial with 3,000 square feet How much: $549,900 Who: listed by Ross Kaplan, Edina Realty City Lakes Will there be a burst of...Read More
