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Explaining the Credit Crisis
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In conversations regarding the recent downturn in both the housing market and economy as a whole, its inevitable that I get the question on how this all started. I usually think I do a pretty good job of explaining CDOs and the freezing of the credit market, but this guy blows me out of the...
Your $8000 Tax Credit | What Home Buyers Need to Know about the American Recovery and Reinvestment Act of 2009
President Obama signed the American Recovery and Reinvestment Act of 2009 into law last week. Of note to potential home buyers and current home owners was Section 1006, which granted an “Extension of and Increase in First-Time Homebuyer Credit” as well as a Waiver of the requirement to Repay. Here are the details: The previous...
Understanding the current 'Financial Crisis' from a Historical Perspective
I’ve been getting a bunch of calls and emails recently with questions regarding the current ‘credit or financial crisis’ that we seem to be facing. I do my best to answer honestly, with factual information. One of the things I have been attempting to explain to clients and friends is that historically, this isn’t unheard...
Your $7500 Tax Rebate | H.R. 3221, the “Housing and Economic Recovery Act of 2008" | Why You Should Care Series – Post 2
UPDATE (2/24/09): Revisions have been made to this bill with the American Recovery and Reinvestment Act of 2009. After reading about this bill, read about the changes made here. In this second post of our H.R. 3221, the “Housing and Economic Recovery Act of 2008″ Series, we talk about a provision included that allows most...
July 22, 2008: Housing Stimulus Update (Video)
There might be a bit of overacting in this video , but nonetheless, if you’re interested in the latest Housing Stimulus Bill and where the National Association of Realtors stands, here’s your update… NAR President-Elect Charles McMillan sits down with NAR Chief Lobbyist Jerry Giovaniello to discuss the importance of the Housing Stimulus legislation currently pending on...
First-Time Home Buying in 2008: 5 Reasons Why Now is a Good Time to Buy
With the constant barrage of negative media surrounding real estate these days, it’s no wonder that newlyweds and other first-time home buyers are putting their dreams of buying their first home on hold. But 2008 promises to be as good a time as any to buy your first home and here’s why: It’s a buyer’s...
Tax Audit Advice: 5 Red Flags to Avoid
There’s really no sure way to avoid an audit. Most audited tax returns are selected for review either because the filer is part of a target group or because a computer program selects the return. The computer selects many returns randomly, but there are red flags that will draw the IRS’s attention. The key is...
Foreclosure Filings Report: Hardest Hit Markets by State
U.S foreclosure filings continued their upward climb in December, rising 97% from the previous year and 7% from the month before. Total foreclosures rose 75% in all of 2007. According to MSN Real Estate’s latest report, hardest-hit markets were along both coasts, which experienced a more severe boom and bust in the latest cycle, as...
Top 5 Tax Myths of Homeownership That Could Cost You
Owning a home tops the dream list for most Americans, and for plenty of good reasons. It’s a shelter for your family, a gathering place for your friends and a good long-term investment. Tax breaks are also frequently cited as motivation for moving from renting to owning, and there are many ways a home can...
Too Many Cast-Off Toys Cluttering Your Casa? Rental Options to the Rescue
Every parent of young children has an unwanted-toy graveyard somewhere in the home. Today’s prized playthings inevitably become tomorrow’s cast-offs, ready to be given away, discarded or boxed up in the garage. According to the folks at Springwise however, the alternative, offered by Texas start-up Babyplays, is to receive four to six toys by mail...
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5 Minneapolis Metro Suburbs listed in CNN Money’s Top 25 Places to Live in 2010
CNN Money just came out with its latest "Best Places ...
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First-Time Homebuyer Tax Credit Extended (Closing Date Only)
Legislation was signed over the weekend to extend the closing ...
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Edina Housing Stats – May 24th 2010
Current Edina Housing Activity
There are currently 488 active properties for ...
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We’re remodeling!
Hang with us for the next couple days weeks ;) as ...
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