And the winner is…

16 07 2008

PLYMOUTH, MINNESOTA

Ranked best place to live by CNNMoney

“Topnotch schools, good jobs, affordable housing, low crime, an active outdoor culture – yep, they’re pretty much all here. Plymouth could have become just another Twin Cities suburb, but more than 50,000 jobs keep residents working there.

Home prices are within reason: The typical three-bedroom, two-bath house goes for $350,000. The city’s main school district is ranked among the top three in the state, and for culture, Plymouth’s open-air amphitheater, the Hilde Performance Center, hosts numerous summer concerts. Residents are a quick drive from the Mall of America, the nation’s biggest mall.

And did we mention the outdoors? Plymouth boasts more than half a dozen sizable bodies of water. Of course, this being Minnesota, winter can be brutal: January’s average low temperature is about 13°F. But when the mercury plummets, the locals get busy. In February the city hosts a Fire & Ice Festival that includes mini-golf, bowling and basketball – all right on the ice.”

 
Read the full article.





Fannie and Freddie – our two best friends

15 07 2008

U.S. plan to save Fannie and Freddie

“The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac – the two mortgage finance giants that play a crucial role in the U.S. economy.

Treasury Secretary Henry Paulson said the Bush administration plans to ask Congress to enact legislation to temporarily increase the line of credit that the companies have with the Treasury. It would also allow the Treasury to buy stock in the companies.”

Bernanke and Paulson just got a lot hotter!






Neighborhood highlight: St. Louis Park

14 07 2008

As the birthplace of the Coen Brothers, Al Franken and Thomas Friedman, St. Louis Park has a rich history of arts and culture, nature and recreation, and strong neighborhoods. In addition to offering intellectual, cinematic and comedic (& political?) brilliance, St. Louis Park also offers conveniently-located neighborhoods and great schools. With home prices ranging from starter homes to million dollar properties, St. Louis Park offers something for everyone.

The Best of St. Louis Park
Favorite bakery: Yum!
Favorite grocery: Trader Joes
Best Dive Bar: Al’s Liquors
Favorite space for kids: The Children’s Nest Egg
Runs/bike rides we love : Cedar Lake Trail





July 2008 – Market Update

11 07 2008

What’s new in the Metro real estate market?

The Minneapolis Area Association of REALTORS® (MAAR) indicates that heavy buyer interest in lender-mediated properties is a positive sign for market recovery.While pended sales have declined in our marketplace, we’re seeing overall market stabilization with a steady leveling off of inventory and continued movement of lower-end properties, partially due to buyer activity in lender-mediated foreclosure and short sale transactions. As these properties are absorbed and worked through the market cycle, we can expect to see a reduction in the uncertainty they bring to negotiation, appraisal and home values – and an overall stabilization in traditional home sales.

 

Government-backed products, such as Federal Housing Administration (FHA) and Veterans Administration (VA) loans are a large part of today’s market. In addition to the consumers who qualify for FHA loans, nearly 70 million people are potentially eligible for VA loans—designed to help eligible veterans purchase or refinance a home. Similar to FHA products, the VA guarantees the loans, which provides additional opportunities for veterans to purchase a home and protects lenders against potential losses.





Happy Fourth of July!

4 07 2008





Minne-apple Launch Party

1 07 2008

Please join your friends, Kelly and Jess, the Minne-apple Real Estate Team, as we celebrate our joint venture in real estate. Join us for appetizers, beer & wine on Wednesday, July 9 in the Community Room at The Bridgewater. The invitation is open, so please feel free to invite guests. Can’t wait to see you there!

Date: Wednesday, July 9, 2008
Time: 5 – 7:30 p.m.
Location: The Bridgewater
215 10th Avenue South, 8th floor
Minneapolis, MN 55415