property pro 911: This Month in the Brainerd Lakes Real Estate Market
- 07/09/11 03:57 AM
Rates are at a record low after steadily declining throughout May, primarily due to uncertainty in the global and domestic economies. While these incredible rates represent a significant savings for home buyers, experts note that for the benefits to fully be realized, lending conditions must loosen so more buyers can take advantage of them. As overall economic activity gets back on track, rates will likely rise to keep inflation in check. In other words, the window of opportunity for buyers to lock in these historically low interest rates may not remain open much longer. In our lovely Brainerd Lakes are of … (0 comments)
property pro 911: Foreclosure Numbers for 2010 in the Brainerd Lakes area of Minnnesota
- 01/28/11 12:44 PM
Foreclosure numbers for 2010 in lakes area counties represent a staggering sum. "The No.1 driver for foreclosure in the state of Minnesota is unemployment and underemployment," said Ed Nelson, marketing and communication manager with St. Paul-based Minnesota Home Ownership Center. "Until we start seeing our unemployment rate drop and stay dropped, we're going to see elevated numbers of foreclosures." In 2010, there were 71,556 pre-foreclosure notices sent to Minnesota families. While not all the foreclosures represent a homestead lost, since reports indicate a rise in second-home foreclosures, the majority are serving as primary homes. In a Seminar at the Greater Lakes … (2 comments)
property pro 911: LESS Than Perfect
- 12/25/10 03:46 PM
Selling your home? Being ready to show at a moment's notice and knowing what to do and what not to do- takes some experience and training and life.
In my last post I described the process of getting ready to list my house for sale. I think it important to share some things I learned in that process and the additional knowledge I gained from the experts that actually do the work of selling homes, Realtors(r). Remember, we were not selling a vacant home, but even at that, based on what I learned with this (pending) sale, I might … (4 comments)
Rates are at a record low after steadily declining throughout May, primarily due to uncertainty in the global and domestic economies. While these incredible rates represent a significant savings for home buyers, experts note that for the benefits to fully be realized, lending conditions must loosen so more buyers can take advantage of them. As overall economic activity gets back on track, rates will likely rise to keep inflation in check. In other words, the window of opportunity for buyers to lock in these historically low interest rates may not remain open much longer.
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