Posts Tagged with edina minnesota real estate

This Maple Grove Townhome will be OPEN FOR ONE HOUR ON APRIL 6TH FROM NOON-1PM.  It is getting ready for the market.  Owning a Maple Grove Townhome has its' benefits.  This Maple Grove Townhome is situated in a great Maple Grove Community know as: The Fieldstone Lodges Townhome Development.

Some of the  Maple Grove Community  features include:

Inventory has become a problem for buyers who seem to be in the wrong place at the wrong time.  Here is a chance to align your duckies in a row and be the first to see this home this weekend.  This Featured

Maple Grove Home will be open for one hour this Saturday March 9th, 2013 from 2pm - 3pm. 

President Obama has introduced a new refinance plan for homeowner's who hold FHA loans that were originated prior to June 1, 2009. Please see the link below for more details. This is the best of both worlds for any FHA loan holders. The monthly mortgage insurance is lowered from today's rate of 1.15% to the old factor you are currently paying of .55%, so the lower rate will not be washed away by increased monthly mortgage insurance like it had been. Also, you do not have to pay FHA a large up front amount... More details here...

Reversing Real Estate Trends

Even Ben Bernanke is finally acknowledging a reversing pattern in certain US market places.  The Twin Cities housing market has revealed parallel trends and conditions associated with the balance of supply and demand. For the past few years, the actual supply of single family homes greatly exceeded the effective demand of home buyers. The supply and demand ratios are reversing in the Twin Cities at a relatively blinding pace. Numerous factors have impacted these transitions and they include: Record Housing Affordability Indexes, record low interest rates, increased amount of investors and investor activity (over 40% Cash Buyers), reduced number of pending foreclosures associated with the most recent re-finance programs for homes in a short equity position. Also, the Federal Reserve and other bank regulators have utilized tools and programs to ensure that the banks have enough capital to cover mortgage losses while continuing to lend at such great rates.  Banks have posted incredible consecutive quarters as well which in turn stabilizes the real estate marketplace.

For the past two years, existing homeowners have faced the question: “Should I stay or should I go?  More and more homeowners are just now catching on to the fact that the supply and demand levels have reversed, coupled with the seasonally high period of sales in the marketplace.  Dr. John Tucillo ( Chief Economist) best describes the nations real estate picture using a bathtub analogy.  Picture a bath tub half-filled with water running, the plug removed and the water level remaining the same.  He suggests that when water levels (supply and demand) adjust in either direction; investing in real estate becomes more risky.  In other words, for the first time in years, we’re in a very stable marketplace according to Chief Economist, Dr. John Tucillo.  Potential sellers can further leverage their equity position when making decisions regarding choosing better trained professionals with proven track records of sales.  For example in 2011, EXIT Realty Nexus agents netted their sellers 5.83% more for their sellers than the rest of their competition (Data taken from posted MLS sales in 2011; Original List Price versus Sold Price).  In 2010, EXIT Realty Nexus agents posted a 6.1% higher net sale for their sellers versus their competition.  Sellers are also reversing their trends when selecting their preferred agent who will better serve their bottom line.

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