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minneapolis: FHA Loans record - 10/21/08 01:25 PM
Here  are some interesting figures about FHA loan programs in 2008.
FHA received 2,008,157 single-family loan applications. That's up 161.2 percent over the 768,770 applications received in fiscal 2007.
More than 90 percent of applications were for existing home purchases or refinances. 977,550 borrowers applied to purchase homes 885,972 borrowers applied to refinance
FHA approved 1,199,624 mortgage applications.      This number is up 125 percent from fiscal 2007 when the FHA insured 532,337 mortgages.
631,667 loans were made to individuals purchasing homes      That's up 126.9 percent over the 278,422 purchasers who got loans in fiscal 2007.
Among those financing a new home, … (0 comments)

minneapolis: Minneapolis - Have we hit the bottom? - 10/01/08 04:22 PM
A friend who lives in Phoenix sent me this snippet from her local business news.
"A new study shows the Phoenix area continues to be one of the hardest-hit housing markets in the nation.
The Standard & Poor's/Case-Shiller 20-city housing index fell a record 16.3 percent in July from a year earlier, the largest drop since its inception in 2000. Prices in the Phoenix area dove 29 percent on an annual basis. Only Las Vegas, with a 30 percent drop, fared worse than metro Phoenix.
Prices in the 20-city index have plummeted nearly 20 percent since peaking in July 2006. A … (0 comments)

 

Mike Cleaver

Shoreview, MN

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The Cleaver Team at Wallin Residential Properties, Inc.

Address: 8500 Goodhue St. NE, Blaine, MN, 55449

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