Fannie and Freddie Set Timeline Requirements for Short Sales

Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days. The GSEs issued new guidelines Tuesday that fall under the Servicing Alignment Initiative rolled out last fall and aim to bring […]

Twin Cities Market Update – April 24, 2012

Job growth, low mortgage rates, rising rents and a relatively inexpensive housing stock. These are just some of the playful teases in the burlesque revue that is today’s market recovery. Another week passed with buyers displaying no signs of slowing down. In general, sellers are discovering a less-intimidating scene, and buyers are reveling in the […]

Home Prices Close to Bottoming, to Rise in 2013

WASHINGTON (Reuters) – The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of foreclosures could threaten the recovery, according a Reuters poll of economists. The median forecast of 24 economists polled by Reuters was for the […]

FSBOing May Not Be the Answer

Written by the KCM Crew, April 16, 2012 KCM Crew This blog prides itself on the quality of real estate information we deliver each and every day. We try to gather empirical evidence to validate the positions we take. We do not use just an anecdotal story to make a point. We also do not […]

Twin Cities Market Update- April 17, 2012

Market sentiment can become a self-fulfilling prophecy. Just as negative economic news sent a chill through the housing industry over the last several years, a newly confident consumer buying up excess inventory and further housing-related sundries helps stabilize and support home values. Some sellers are even starting to see rising prices. The numbers are beginning […]

Bob’s Bottom Line Mortgage Update – April 16, 2012

This morning the mortgage market was the beneficiary of news of weaker-than-expected first-quarter economic growth in China. Data showed China’s gross domestic product expanded at an 8.1% pace in the first three months of the year — the slowest rate in nearly three years — and well below most observers’ estimates calling for growth of […]

6 Don’ts After You Apply For A Mortgage

By the KCM Crew I learned a long time ago that “common sense is NOT common practice“. This is especially the case during the emotional time that surrounds buying a home, when people tend to do some non-commonsensical things. Here are a few that I’ve seen over the years that have delayed (and even killed) […]

Twin Cities Market Update – April 10, 2012

The weekly scorecard showcases that home buyers were more active compared to the same week last year. Buyers have been taking advantage of an affordable market, but sellers in many areas have been lazing in the tall grass like lions as the herd moves past. Watch for a changing landscape this spring and summer. Even […]

Bob’s Bottom Line Mortgage Update – April 9, 2012

March new non-farm payrolls lower than expected. Total labor force shrinks causing headline number to remain stable. Are seasonal adjustments overstating job creation? Renewed concern in Europe. A wildly weaker-than-expected March Nonfarm Payroll report coupled with renewed concerns that Europe may be tilting back into recession are the two primary drivers behind Friday morning’s powerfully […]

Quick Tips for Making an Offer on a Home

Clients ask us on a regular basis what tips we can suggest when placing an offer on the home of their dreams. Below are a few great tips we’ve got for buyers as we navigate the real estate transaction with them… enjoy! Tips for Making an Offer 1.    Ask your Realtor to prepare a “Comparative […]