It appears that stiffer credit requirements and increased down payments are finally percolating down to the new construction business. August home starts were down almost 9% year over year and reflect the larger trend towards a cooling in the housing market. Twin Cities existing home sales are still strong, but the trend appears to be […]
Entries from September 2007
New housing starts and existing home sales
September 29th, 2007 · No Comments
Tags: Gene Lynch
St Paul City Council Restricts Sober Houses
September 15th, 2007 · No Comments
In an effort to preserve property values and retain the kid friendly character of their neighborhoods, hundreds of people have petitioned the St Paul City Council over the last year to limit sober houses. Residents of certain areas of St Paul, such as Merriam Park, have complained that the density of facilities that house recovering […]
Tags: St.Paul Real Estate · Gene Lynch
Minneapolis Investment Property
September 3rd, 2007 · No Comments
I helped a couple find an investment property in
NE Minneapolis. We found a duplex that needed little to no maintenance. They calculated what they would need to cover the rents on both sides to cover the mortgage payments and utilities. They took out financing at 100%, found renters and moved forward. It all seemed to […]
Tags: Kellie Clifford