May’s Twin Cities’ Housing Market Update

“Statewide, the new listing inventory fell 25% from a year earlier which will allow some of the excess inventory to be absorbed,” Russ Portele, President of the Minnesota Association of REALTORS®said. Interest rates have been very stable and historically at very low levels. This increases a consumer’s ability to afford a home in their community […]

Bank Owned Bargains!

Just did a quick scan of the market in Crystal, New Hope, Minnetonka, Maple Grove, Plymouth, Edina and Golden Valley for bank owned homes that have come on the market in the last week and here are your winners! Call us to setup a time to get into any of these hot little homes. 612.812.9262 […]

Minneapolis tornadoes!

Dear Minneapolis, Fridley, Columbia Heights and all other residents affected by yesterday’s tornadoes: We are deeply moved by the losses of our friends and community members due to the storms that happened yesterday. Our home was on the edge of the storm and were hit by a flash flood and hail, but thankfully, no further […]

Sick of rent? Is home ownership REALLY out of reach??

Today the FHA loan (a great product for first time buyers) requires a 3.5% down payment. If you look at the West Metro market right now, there are LOTS of 3 bedroom homes at or under $150k that you could snag. With your 3.5% down (roughly 5,000.00 at a $150,000 purchase price) you could be a home […]

Investors… are you one?

I (Kerby) have been working with a number of investors over the past three years. It has been a bunch of fun learning the in’s and out’s and helping people make some pretty good cash while doing it. The property we most recently did was a nice 3 bed, 2 bath place in St. Louis Park. This living […]

Even those who would say to rent say, ‘Now is the time to buy a home!’

Business School professors Eli Beracha of East Carolina University and Ken H. Johnson of Florida International University have done extensive research on which makes more sense financially: to rent or own a home. They published, Lessons from Over 30 Years of Buy versus Rent Decisions: Is the American Dream Always Wise? In their paper, the professors do […]

Wondering what’s going on in the Market?

General Twin Cities & West Metro Market Update Although overall purchase activity was down, overall pending sales for the month were the highest they’ve been since last April and the number of foreclosure pending sales increased by 31.0 percent. Traditional (non-distressed) sales were down 39.0 percent while short sales were down 11.4 percent. Traditional sales […]

Is it possible to buy a home with $100 down?

YES! As far as we know, people are buying a home with a $100 down payment ONLY. How is this possible?  Go to this website:  If you are an “owner occupant,” there are HUD homes available. You could negotiate to have the seller pay 6% of your closing costs, which covers just about all the […]

5 Reasons You Should Consider Selling Now

If you plan on moving anytime in 2011, you should strongly consider selling your house now rather than waiting. Here are five reasons why: 1.) This is when your house will get the most exposure  The spring, and particularly the month of May, is when most buyers enter the real estate market. This surge of […]

Twin Cities’ Housing Market Update

General Market Inventory levels dropped 10.8 percent from last year, but there are still 23,265 homes on the market for buyers to choose from in the Twin Cities’ metro area. Inventory overall has slowly been creeping up. Average days on the market for homes is about 152 getting about 90% of original list price; so […]