First-Time Homebuyer Tax Credit Extended (Closing Date Only)
Legislation was signed over the weekend to extend the closing deadline for the First-Time Homebuyer Credit. The extension moves the closing date requirement from June 30th, 2010 to September 30th, 2010. Please note that this does not open up the tax credit to those that do not already have an executed purchase agreement…it just allows...
Edina Housing Stats – May 24th 2010
Current Edina Housing Activity There are currently 488 active properties for sale in Edina. 305 of these are single-family homes, 16 are townhomes, 155 are condos, and 12 are twin homes. The absorption rate in Edina is 7.5 months (amount of inventory divided by the rate of which homes sold over the past month) Last...
We’re remodeling!
Hang with us for the next couple days weeks as we are in the process of remodeling our website with some great suggestions provided by you. We should be back up and running by Friday. To contact The Don Edam Group | Owner Options Realty, give us a call at 952-486-7584 or email Don at Don@TheDonEdamGroup.com....
Changes Coming in FHA Requirements
.gif&w=566&h=133&zc=1)
There are some changes coming in the FHA requirements that are worth noting. The Federal Housing Administration has been under pressure recently due to higher defaults and falling reserves. To be clear, you should know that the FHA doesn’t actually lend money to home buyers, but insures lenders against default of loans that meet FHA...
10 Mistakes Sellers Make – Great Video
This is right in line with 10 of the bigger mistakes I see sellers making on a daily basis. I came across the video below over at Howcast. Invest a couple minutes of your time and take a look: How To Avoid the 10 Biggest Mistakes Home Sellers Make on Howcast
The Geography of Jobs
I love visual representations of data. Making vast amounts of data easy to grasp is quite an art and this map, produced by TIP Strategies Inc, really made the current job picture hit home in historical terms. While I like to keep upbeat throughout this blog, I’m of the belief that the job losses aren’t...
Explaining the Credit Crisis
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...
How to Save Some Money on Your Property Taxes
I was browsing through some posts on The Consumerist this morning and came across this post with a link to the Homeowner’s Property Tax Reduction Kit (PDF) from the American Homeowner’s Association. I get asked questions all the time regarding people’s property taxes and assessments. I have yet to find something this thorough. If you...
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...
JPMorgan and Citigroup to Halt Foreclosures Temporarily
JPMorgan and Citigroup announced last Friday that they would temporarily halt their foreclosures while they wait for the government to finalize some of its foreclosure relief package. The foreclosure relief package was a portion of the $700 billion under the Troubled Asset Relief Program (TARP) and was outlined by Secretary of the Treasury Tim Geithner...
Categories
Archives
Recent Posts
-
The White House will provide $3 billion more for unemployed homeowners
The White House along with the Treasury Department announced that ...
-
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 ...
-
First-Time Homebuyer Tax Credit Extended (Closing Date Only)
Legislation was signed over the weekend to extend the closing ...
-
Edina Housing Stats – May 24th 2010
Current Edina Housing Activity
There are currently 488 active properties for ...
Stay Connected
Keep track of The Don Edam Group on all your favorite social networks.
Copyright © 2010 - The Don Edam Group - All rights reserved. Conforms to W3C Standard XHTML & CSS