Olympic Medal Count - 02/19/10 04:40 PM
Although we as United States citizens are not exactly revered these days (and have not been for quite a long time), at least we can stick it to the rest of the world in the winter Olympic games.  It is great to see these athletes exuding so much pride as they represent us as a nation.  We are currently leading in Gold, Silver, Bronze, and obviously overall medals.  Thanks to all the athletes!  Especially Lindsey Vonn from Buck Hill in Minnesota!!
… (0 comments)

Home prices show strongest sign of stability yet - 02/19/10 04:20 PM
The median sales price of traditional homes (excluding foreclosures and short sales) in January was $198,000, down 7.9 percent from a year ago. Lender-mediated properties posted a January figure of $125,000, an increase of 3.3 percent from a year ago. There were 2,736 signed purchase agreements in January, a dip of 3.2 percent from a year ago.
That's the second consecutive month of year-over-year decline in pending sales, though the declines have been small to this point.
The Federal Home Buyer Tax Credit and extremely low mortgage rates have been the two main drivers of the market's recent momentum and, unfortunately, … (2 comments)

Twin Cities Indicators - 02/19/10 04:08 PM
After 41 consecutive months, four Super Bowls and a presidential election, the Twin Cities housing market finally posted a median sales price that was higher than the same month a year ago.
The January median sales price of $157,000 was a 1.3 percent increase from last January's mark of $155,000. That's the first yearover- year increase since July 2006. 1.3 percent may seem pretty "ho-hum," and in an ordinary market it is. But in light of the three year roller coaster we've been riding, "ho-hum" sounds glorious right now.
There's a lot of positive news, but the Federal Home Buyer Tax … (0 comments)

Weekly Market Activity Report- Twin Cities - 02/18/10 03:17 PM
Week of February 15, 2010
What to Watch For 

 
The Twin Cities housing market at the beginning of 2010 continues to look similar to the Twin Cities housing market at the beginning of 2009. There were 1,848 new listings for the week ending February 6, a 3.8 percent increase from the same week last year. On a similar track, there were 780 pending sales for the same week, 4.7 percent above last year.
With supply dropping-now at 5.5 months of availability-it may be that potential buyers are all too familiar with the inventory they have to choose from, especially … (0 comments)

Dakota County Down Payment Assistance - 02/17/10 03:29 PM
First Time Homebuyer Program In the market for your first home? Whether you are buying an existing home or building a new one, the Dakota County CDA's First Time Homebuyer Program provides a financial resource to make your purchase successful.
Current interest rate: 4.99%
Program Eligibility
Homebuyers must be first time homeowners or someone who has not owned their primary residence in the last three years. Eligible properties include existing single family homes, townhomes, condominiums or duplexes in Dakota County. New construction is eligible in Apple Valley, Burnsville, Eagan, Empire Township, Farmington, Hastings, Inver Grove Heights, Lakeville, Mendota Heights, Rosemount, South … (1 comments)

Brooklyn Park Down Payment Assistance NSP - 02/17/10 03:25 PM
 
Brooklyn Park's Neighborhood Stabilization Program (NSP) Homebuyer Assistance Program is now available!
 Brooklyn Park has $500,000 available to help people buy foreclosed and vacant homes for owner-occupancy. The program includes up to $10,000 in down payment assistance, up to $25,000 in rehabilitation funds, and for those who qualify, additional dollars to help make a home affordable. Eligible homebuyers of foreclosed and vacant homes can apply for forgivable loans from one or both of the below programs:
Assistance is only available to income qualified owner-occupants buying foreclosed homes in specific neighborhoods in Brooklyn Park. To find out more about the program and … (0 comments)

Weekly Market Activity Report- Twin Cities - 02/11/10 10:34 AM
Week of February 8, 2010
What to Watch For As winter continues its streak of cold and snow, sales activity in the Twin Cities housing market is moving along at a pace you'd expect for the season and at about the same pace as a year ago. Pending sales for the week ending January 30 came in at 650, down very slightly from the mark of 673 seen during the same week last year. Over the last three months, there have been 7,038 signed purchase agreements, up a sliver-sized 0.7 percent from a year ago.
Despite the tax credit being made … (0 comments)

Your Team is Your Competition - 02/10/10 10:31 AM
I am sure that most salespeople in our industry attend the regular weekly or monthly meeting.  The sales manager asks you to contribute ideas of what you are doing to help the "Team".  What works, what does not work, what secrets do you have, etc.  The problem with this is simple, we work in a 100% commission sales position and the other salespeople in this room are in fact the "Competition", as much if not more than they are the "Team".  They could just as well work with another lender or real estate company, they just happen to work for the same … (1 comments)

Protecting Your Credit During Divorce - 02/08/10 02:18 PM
Christopher Larson, Loan Officer
River City Mortgage

When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn’t have to change is the credit status you’ve worked so hard to achieve.
 
Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills, the maxing out of credit cards, and a total breakdown in communication frequently lead to the annihilation of at least one spouse’s credit. Depending upon how finances are structured, it can sometimes have a negative impact on both parties.
 
The good … (1 comments)

Dakota County DP Assistance for 1st Time Homebuyers - 02/01/10 12:09 PM
Program Highlights: 
- Up to $10,000 for down payment assistance!
- Current interest rates are very competitive! 
- Must be a first time home buyer 
- Max Purchase price
    -  $276,683 for Single Family Residence
     - $389,205 for a Duplex 
*Borrower must apply with a loan officer that has completed the Dakota County training and works for a company that is registered with Dakota County. 
If you would like more details please feel free to contact me or apply online at www.ChrisHLarson.com.
Thanks,
Christopher H Larson
Senior Loan Officer | RiverCity Mortgage and Financial
651.387.2514 Direct | 952.236.6440 Fax … (0 comments)

 
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Christopher Larson

Apple Valley, MN

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Wintrust Mortgage

Address: 10539 165th Street West, Suite 1, Lakeville, MN, 55044

Office Phone: (651) 387-2514

Cell Phone: (651) 387-2514

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