Posted by: Dan Pflugshaupt
on Jul 20, 2010
This information was provided by The Greater Lakes Association of REALTORS
Positive Signs Continue in Housing Recovery
Posted by: Dan Pflugshaupt
on Jul 1, 2010
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The following is from NAR Government Affairs:
After a close brush with the deadline, Congress has passed an extension on the Home Buyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (HR 5623). |
Posted by: Dan Pflugshaupt
on Jun 21, 2010
Posted by: Dan Pflugshaupt
on May 27, 2010
The Gallery of Homes is a member of both the Greater Lakes Association of REALTORS and the Minneapolis Association of REALTORS which provides the Northstar MLS system serving the twin cities area which is the 5th largest MLS system in the country. As a member of this association, we receive a real estate review for this market as well. Because the twin cities real estate market does have a direct impact on our local real estate market, I thought I would share the latest report we received from them:
Posted by: Dan Pflugshaupt
on Apr 23, 2010
What to Watch for:
This information was provided by The Greater Lakes Association of REALTORS
Posted by: Dan Pflugshaupt
on Mar 13, 2010
Posted by: Dan Pflugshaupt
on Jan 18, 2010
December 2009 Real Estate Review and Year end 2009 Review
Posted by: Dan Pflugshaupt
on Dec 14, 2009
Posted by: Dan Pflugshaupt
on Nov 12, 2009
Here is the October Real Estate Market Review. Please let me know if you have any questions. If you know if anyone else who may benefit from receiving this real estate review on a monthly basis please feel free to send them my email address and have them contact me.
What to Watch For:
There were strong home sales in the Greater Lakes region once again in October. For the month there were 242 closed sales, up 14.7 percent from a year ago as low mortgage rates and the federal tax credit for home buyers spurred activity. With the home buyer tax credit extended and expanded, we can expect that first-time home buyer activity will remain strong, but don't bank on the same blockbuster numbers we say this year. If you were a potential first-time home buyer who was qualified to purchase in 2009, odds are pretty dang good that you already bought.
The fact that the income limits have been raised for eligibility does help since it widens the credit's availability. The $6,500 credit for second-time buyers will spur some sellers in the low-to-mid price ranges to put their homes on the market who had previously been on the fence. New listings will likely increase this winter and into early 2010 as a result.
Posted by: Richard D. Kruger
on Nov 9, 2009
