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Tuesday, July 19th, 2011 at 12:52am. 1059 Views, 1 Comments.
Pending home sales initiated in June within the Twin Cities area were among the highest in nearly five years. Buyers may be taking advantage of low prices and near-record low mortgage interest rates before they start to climb.
The Minneapolis Area Association of Realtors reports that though there are some good signs occurring in the local Twin Cities residential real estate market, there's still a ways to go. Though pending sales rose in June, closed sales fell 11.4% compared with a year ago. The median sale prices fell 9.3% from a year ago to $165,000. That is still better than March's low of $140,000.
It's unclear whether the latest uptick in buying activity is a blip or a sign of a sustained recovery, given an economy still struggling to gain traction and…
Monday, July 11th, 2011 at 11:38pm. 806 Views, 0 Comments.
People who live in St. Louis Park are really happy with their city compared to the ratings people in other Minnesota locations give their towns.
A citywide survey conducted this spring "took the temperature" of St. Louis Park residents. The poll was part of a city effort to track trends and check priorities. Mayor Jeff Jacobs and City Manager Tom Harmening were pleased with the results.
And they had plenty of reason to be. Survey firm Decision Resources told St. Louis Park officials that the ratings they found are among the highest they have seen in the many Twin Cities communities they have surveyed. A resounding 97% of residents rated the quality of life in St. Louis Park MN as excellent or good. About 95% of polled residents said they…
Friday, July 8th, 2011 at 11:53pm. 696 Views, 0 Comments.
Homeowners that have loans received with the assistance of the Federal Housing Administration could have some relief in the case that they become unemployed. Loan servicers collecting payments on FHA-backed loans will now be required to allow qualified unemployed borrowers to miss up to 12 months of mortgage payments before beginning foreclosure proceedings.
The FHA's current three to four months of required unemployment forbearance is "inadequate for the majority of unemployed borrowers," Housing Secretary Shaun Donovan said in announcing the change.
"Today, 60 percent of the unemployed have been out of work for more than three months and 45 percent have been out of work for more than six," Donovan said. "Providing the option for a year of forbearance will…
Thursday, June 30th, 2011 at 11:32pm. 808 Views, 1 Comments.
May and June are great for undertaking activities in the green movement. Read on to find out about how Minnesota communities are working towards creating a more environmentally-friendly world.
First of all, businesses along University Avenue could use your patronage. Construction on the light-rail track installation for the Central Corridor is taking its toll on businesses left struggling. In some cases, revenues have decreased by half as customers forgo trying to get to their favorite places due to the mess. The construction zone stretches from Emerald Avenue on the Minneapolis border to Syndicate Street N. Go have a bite to eat, have some coffee or shop at local businesses as our Twin Cities try to make more public transportation options available to…
Monday, June 27th, 2011 at 5:32pm. 1263 Views, 1 Comments.
The Sessions' thought the 5-bedroom house on nearly two acres would be their dream home. Little did they know, the home’s current reptilian residents had other plans.
They slithered behind the walls at night and released foul-smelling musk into the drinking water. And they were so numerous that Ben Sessions once killed 42 in a single day.
Shortly after buying their dream home, Sessions and his wife discovered it was infested with thousands of garter snakes. For the next three months, their growing family lived as if in a horror movie. More than a year after they abandoned the property, the home briefly went back on the market, and they fear it could someday attract another unsuspecting buyer.
That's when they realized their home was probably sitting atop a…
Wednesday, June 22nd, 2011 at 5:26pm. 580 Views, 0 Comments.
During the month of June, the Home Safety Council celebrates Home Safety Month! The theme for this year’s Home Safety Month campaign is "Hands on Home Safety."
Home safety is of particular concern to people who are trying to sell a home. If a potential buyer is hurt on your property, instead of unloading a house you might gain a lawsuit!
The Home Safety Council (HSC) is an organization which encourages people to take easy steps toward making their homes safer for people and pets. For this year's Home Safety Month, HSC suggests simple hands-on steps to create a safer home environment from the five leading causes of home injury: falls, poisonings, fires and burns, choking or suffocation, and drowning. Many household accidents like these can be avoided with…
Wednesday, June 15th, 2011 at 7:45pm. 716 Views, 1 Comments.
Those who live in or visit the Twin Cities probably have seen how many trees we have along our streets, avenues and boulevards.
Recently, a first-of-its-kind study was completed that used high-resolution satellite technology to analyze the tree canopy of the Twin Cities. The study was carried out by a team of University of Minnesota researchers. High-resolution satellite technology was used to examine Minneapolis from above on a clear and cloudless day, recording and analyzing how much tree cover there, down to each individual property.
They study estimated Minneapolis' overall tree coverage to be 31.5%, higher than previous estimates using less precise methods. In St. Paul, the canopy cover rate was 32.5%.
Minneapolis' estimated 979,000 trees offer many…
Thursday, June 9th, 2011 at 9:22pm. 610 Views, 1 Comments.
Minneapolis and St. Paul are the healthiest, fittest cities in the country, according to a new examination of the 50 most populous United States metro areas.
The annual American Fitness Index, from the American College of Sports Medicine, is based on health factors, including obesity rates, percentage of people who exercise, and the availability of parks, walking trails and farmers' markets.
Some of the reasons the Twin Cities achieved its high rank is due to a lower-than-average obesity rate, an above-average percentage of residents who exercise, a relatively low smoking rate and moderate-to-low rates of chronic health problems likes asthma, heart disease and diabetes. Oh, and Minneapolis and St. Paul have some of the best and most extensive parks and…
Monday, May 9th, 2011 at 6:25pm. 822 Views, 0 Comments.
There are two new assistance programs available in Minneapolis for home buyers and home owners, but act fast because they are limited in availability and funds.
First, Neighborhood Housing Services of Minneapolis is offering home buyers in North Minneapolis a $5,000 forgivable loan towards the down payment of a home if a purchase agreement is signed by May 31 and the sale is closed by August 15. If the new owner lives in the home for 5 years, the interest-free loan will be forgiven. There are no income restrictions for qualifying. Loan funds for this program are limited to $100,000, so when it's gone, it's gone!
Second, homeowners and buyers in foreclosure-impacted neighborhoods of Minneapolis can apply to the City’s Rehab Support Program. It…
Sunday, May 1st, 2011 at 9:20pm. 1108 Views, 1 Comments.
Many people want to live at home when they grow older. The "Smart House, Livable Community, Your Future" exhibition explores the housing trend of "aging in place" through the development of products and adaptive technologies that allow people to stay in their homes.
The first wave of 70 million baby boomers living in the United States will reach age 65 this year. With this generation predicted to live longer, planners are examining ways to create homes and communities that are more senior-friendly. The new exhibit at the University of Minnesota's Goldstein Museum of Design is an interactive display of what a Smart House of the future might look like.
The exhibition will look like a small, attractive home inhabited by fictional, 65-ish homeowners, Jim and…
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