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real estate general news: 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)
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real estate general news: 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)
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real estate general news: Sunshine! - 09/20/06 09:41 AM
Today the sun shines. Woke up to near frost conditions! Rumour has it that we shall have our first snow in about 4-5 weeks. Crikey, hobgoblins, eleves and withches out trick or treating in the snow. I can't wait.
Good day ahead. I have a showing this evening.Contacting some customers who have been busy through the summer and checking in on some past clients just to see how things are.
It's going to be a good day.
Later...Mike.
… (4 comments)
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real estate general news: Monday 18th - 09/18/06 06:57 AM
Good morning Shoreview,Blaine and all of the Metro. It sure is cool this morning, as they say in England "it's brass monkey weather" or getting close. Ask me to explain that in private.
I hope that the interest rates follow the temperature and tempt more buyers off the couch and out into one of the many homes just waiting for them.
… (0 comments)
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real estate general news: A new week. - 09/17/06 10:55 PM
Sunday night September 17th, the Viks won, the Twins have closed the gap but Liverpool lost to Chelsea in the EPL. Well we can't always be winners. But hey, we can always think and act like winners.
The air is cooling down, Fall is upon us, the leaves are turning wonderful shades of yellow, orange, red, brown, burgundy. What a great time of the year. It is also a great time to be in real estate either as I am as a sales person or as a buyer.
There are lots of properties listed for sale, lots of opportunities to buy.With so … (0 comments)
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Mike Cleaver
Shoreview,
MN
More about me…
The Cleaver Team at Wallin Residential Properties, Inc.
Address: 8500 Goodhue St. NE, Blaine, MN, 55449
Office Phone: (651) 894-4755
Cell Phone: (651) 894-4755
Email Me
My take on what is happening in real estate here in the Twin Cities Metro area, and my comments and views about living here in Minnesota, from a British persons perspective.
News, views and my opinions.
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