Minneapolis Real Estate Blog

Over the past couple of weeks I was working with a woman who was active in the Army; she was approved for a VA loan through Wells Fargo.  We made an offer on a loft downtown, two weeks before closing Wells Fargo notified us saying the building was not VA approved…  It would have cost the […]

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The perfect storm is what the current market conditions with the addition of mortgage foreclosures. Today my preferred lender told me that one of their underwriters actually stopped accepting lock in agreements for the next few days. Clients that have already entered into a lock in agreement should not be effected by this sudden change. […]

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Today’s Fed Discount Rate cut signals good news for those looking to buy a house in Minneapolis. Home prices are down in the Twin Cities, making living here an affordable proposition again. There are opportunities to buy houses at 2005 prices and in some cases even 2004 prices. Foreclosures and short sales are increasing dramatically […]

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This past spring I showed a house (twice) to a client of mine. She had some interest in the house, but she needed a better job before she could put in an offer.  One of her concerns with the house was that there are all of these large trees near it, and she said “What if one […]

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Virtually every person out there has heard about the subprime mortgage crisis and the possible spreading of the difficulties to higher rated mortgages. Couple that with the current downturn in housing prices and you have all the ingredients for panic. But wait, hold the phone, the sky is not falling yet.
Housing prices are not yet […]

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