By Kevin Chiu Home prices declined an average of 4.4% on a year-over-year basis in the U.S. through August, despite a slight increase in home values over summer months as a result of higher home sales, and record low mortgage rates, according to real estate research firm CoreLogic. The decline in home values echoes Housing… Continue reading Home Prices Decline Year Over Year
Category: Minnesota
Minnesota housing market
Homeownership Drops by Largest Amount Since Great Depression
By Jeanne Roberts It’s probably no surprise that the number of individuals owning homes has experienced its biggest drop since the Great Depression, an epoch usually defined as the decade between 1929 and 1939. The figures are from the U.S. Census Bureau, and show that the rate of homeownership fell to 65.1% in April 2010,… Continue reading Homeownership Drops by Largest Amount Since Great Depression
Tax Free Real Estate Purchases Climb
By Mike Colpitts Boosted by lower real estate prices and growing volatility in financial markets, investors are increasing their purchases of tax free real estate investments. Investors are moving away from investing in equities in the stock market and other financials in growing numbers due to a chorus of concerns, including insider trading, automatic machine… Continue reading Tax Free Real Estate Purchases Climb
Tornado, Flood Damage Tops $260 Billion
By Mike Colpitts Catastrophic flooding along the Mississippi River and the outbreak of tornadoes in the Midwest and South are destroying thousands of homes and businesses. The series of disasters are estimated to top $260 billion in property damage, according to initial estimates gathered from federal and state authorities. A tornado believed to be just… Continue reading Tornado, Flood Damage Tops $260 Billion
Win a Condo Raffle for Charity
By Kevin Chiu A Twin-Cities man thinks he’s found a way to buck the tough real estate market and attract attention to sell his condominium, despite the sluggish marketplace, and William Panzarella is doing it all in the name of charity. The Minneapolis condo owner has teamed up with a real estate agent to raffle… Continue reading Win a Condo Raffle for Charity
2011 Minnesota Housing Market
Rebuffed by the expiration of the federal home buyer tax credit, Minnesota home sales are down as homeowners wait for spring time sales to pop back, while bankers slash housing prices on foreclosures to get them off the books. The Minnesota market, which has endured so much and appeared as though it may have been… Continue reading 2011 Minnesota Housing Market