Fish Lake Fun!
Back in August, I had the joy of helping a young couple buy their first home. I learned a lot about them and their preferences during our initial consultation, which led us to many great options. We pursued a couple different homes for a while, and had one snatched away by another buyer before there […]
A wonderful experience!
Kerby and I had the opportunity to help our friends, Dan and Jen, purchase their first home. We had a great personal consultation at our office, going over their questionnaire and discussing their needs, priorities and desires for the home. After setting them up on a pesonalized home search, we did the rounds and checked […]
Average Delinquency+Foreclosure at 599 Days
The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That’s a record for the company’s regular monthly study on mortgage performance trends. At the end of July, LPS counted 2.2 million loans in foreclosure and nearly 1.9 million that were over 90 days past due but […]
June Pending Home Sales Rise
For the week ending July 23, Twin Cities home-buying activity increased 54.3 percent while home-listing activity declined 13.2 percent compared to the same week in 2010. Buyers entered into 1,040 purchase agreements while sellers brought 1,380 new properties onto the market. According to the NAR, “Existing-home sales this year are expected to total 5.0 million, […]
What’s been selling in the West Metro Twin Cities?
General Market For the week ending June 18, pending sales in the Twin Cities reached a new high for 2011. The 961 signed purchase agreements were 49.0 percent higher than the same week last year. New listings were down 10.4 percent from last year to 1,534 new homes, and inventory levels are falling at an […]