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Recent Blog Posts by Rob Davis
Highland Road Contruction In Minnetrista The City of Minnetrista and St. Bonifacius have entered into a construction contract with Fehn Companies, Inc. for the reconstruction of Highland Road from CR 110 south approximately one mile. More information available just click the liks below: http://www.ci.minnetrista.mn.us/vertical/sites/%7B4D81CC6D-EB97-4B3E-BCE8-0C281A21CCCC%7D/uploads/Highland_Road_2012_1.pdf http://www.ci.minnetrista.mn.us/index.asp?Type=B_BASIC&SEC={AE7EE9D2-6A30-4A73-803F-FF372B9953DB}&DE={1DE9944E-A717-472A-A104-2946C1D6021A} Posted by Rob Davis @ 12:00 AM on 05/16/2012		More
New Results Radar Map App Lokking for a great home searching app for your mobile device? Search all homes in the Twin Cities Today. Down load the New Results Radar App. http://rresu.lt/cOj <script type="text/javascript" src="https://rest.mobilerealtyapps.com/smswidget/mediumrectanglejs/remaxresults/24482/2E2E2E"></script> Posted by Rob Davis @ 12:00 AM on 03/10/2012		More
Highway 5 in Victoria will be resurfaced this summer 2012 A 4-mile segment of Hwy 5 will be resurfaced and improved between the west junction of Steiger Lake Lane in Victoria and Hwy 41 in Chanhassen.To have information on closures, detour routes and construction sent to your inbox, sign up for the “Hwy 5 Victoria” email updates. Traffic impacts Hwy 5 will close at various times during construction. Access to local businesses and residences ... Posted by Rob Davis @ 12:00 AM on 03/02/2012		More
Minnetrista Open Book Meeting For Minnetrista Property Owners When :April 25th, 2012 From 4-7pm. Where: City Hall In The Council Chambers Why: This meeting is intended to provide property owners an opportunity to discuss area sales activity,and talk about their property's value and/or class with a Hennepin County assessor. Posted by Rob Davis @ 12:00 AM on 02/23/2012		More
Winter Speed Limits On Lake Minnetonka Did you kknow there are speed limits for winter driving on Lake Minnetonka? 1. The speed limit for motorized vehicles including snowmobiles within the shore zone is 25 m.p.h 2. The daytime speed limit for motorized vehicles including snowmobiles outside the shore zone is 50 m.p.h 3. The night time speed limit for motorized vehicles (except snowmobiles) outside the shore zone is 30m.p.h Posted by Rob Davis @ 12:00 AM on 01/24/2012		More
Will The Updated HARP Program Allow you to Refinance Your Mortgage? HARP 2.0, as the media has started to refer to it, has some merit, but it’s scope is very limited and it will have little or no impact on foreclosures or the estimated 6.4 million homeowners nationwide who are behind on their mortgage payments. The new HARP just expands the net of those who were eligible for help under the original version. HARP was created in 2009 to help borrowers whose loans ... Posted by Rob Davis @ 12:00 AM on 10/27/2011		More
13,780 Homes Sold Yesterday To all those who have declared the real estate market dead, we want you to know that over 13,780 houses sold yesterday, 13,780 will sell today and 13,780 will sell tomorrow. That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales had increased 7.7% over ... Posted by Rob Davis @ 12:00 AM on 09/26/2011		More
Interesting Information For Home Sellers We have suggested that sellers who need to sell within the next 18 months had a ‘window of opportunity’ to sell at higher prices. They needed to put their houses up for sale immediately before a flood of distressed properties were introduced to the market. This window is beginning to close. The paperwork challenges faced by banks that caused a delay in the foreclosure process over the last ... Posted by Rob Davis @ 12:00 AM on 09/19/2011		More
Luxury & Vacation Homes Markets Are Improving It has been a trying time for most segments of the real estate industry. However, two areas that are showing improvement are the luxury home and vacation home markets. It seems that people in these segments are again beginning to purchase. Vacation Homes Last week Market Watch published an article discussing the vacation home market. Dan White, president of Daniel A. White & Associates, a wealth-management ... Posted by Rob Davis @ 12:00 AM on 09/12/2011		More
Will Mortgage Rates Continue To Drop? I want to discuss the impact the downgrade of the U.S. credit rating will have on mortgage interest rates. In these times of uncertainty and volatility, no one knows for sure what will happen next. However, we want to talk about possible scenarios. Mortgage rates normally run parallel to the country’s Treasury bonds. If many people are buying Treasury bonds the return on those bonds decrease. ... Posted by Rob Davis @ 12:00 AM on 08/08/2011		More
St. Boni Summer Fest 10K/5K Fun Walk-Run, Skate-Bike July 23, 2011 Event Date: July 23, 2011 Race Day Check-In: 7:30 a.m. at Don Logelin Memorial Lions Park located at 8555 Kennedy Memorial Drive St. Bonifacius, MN 55375 Proceeds Go To: St. Boni Fireman’s Relief Entry Fee:$7.50 entry only; $15.00 total with T-shirt Sponsors: St. Boni Fire Department Kiddie Run (Free) (Starts after 10K) http://runwalkjog.com/minnesota/default.htm Posted by Rob Davis @ 12:00 AM on 07/07/2011		More
Real Estate Predictions For The Rest Of 2011 Making predictions can be the ‘kiss-of-death’ for a blog. Even if we get four out of five correct (80%), there are those in the industry who will kill us on the one we got wrong. We believe strongly that when making a real estate decision for you and your family you must look forward and take into consideration how the housing market may change. For this reason, we are willing to take ... Posted by Rob Davis @ 12:00 AM on 07/06/2011		More
Where Are Home Prices Headed? Everyone seems to have an opinion on where home prices are headed. Housing bulls are saying prices may start rebounding as early as later this year. Some housing bears are saying that prices may still drop another 10-15%. What actually is going to happen? No one knows for sure. However, Macro Markets, a financial technology company, actually surveyed 108 economists, real estate experts, and investment ... Posted by Rob Davis @ 12:00 AM on 06/27/2011		More
Any Agent Can List Your Home... You Better Choose An Agent That Can Actually Sell It! Many Minnepolis home owners ask me whether they should hire an agent to sell their home or whether they should first try as a For Sale by Owner (FSBO). In today’s volatile market, I believe this is an easy decision: you need an experienced professional! You need an expert guide if you are traveling a dangerous path The field of real estate is loaded with land mines. You need ... Posted by Rob Davis @ 12:00 AM on 05/27/2011		More
Appraisals: Why You Must Now Sell Your House Twice Banks have become very conservative when lending mortgage money today. With the current foreclosure challenges in the country, we can’t really blame them. The requirements now necessary to qualify for mortgages have gotten much more stringent and it seems will get even more stringent as we move forward. The banks want to make sure the prospective buyer has the ability to repay the loan. ... Posted by Rob Davis @ 12:00 AM on 05/24/2011		More
If Your House Did Not Sell This Spring, It's Not Priced Correctly. Read On Below... 1. Realize that if your listing didn't sell this spring, it's not priced correctly. We are seeing strong buyer activity so far this year. We realize the first four months can't favorably compare to the same time last year when the Home Buyer Tax Credit expired. However, pending sales (houses going into contract) have increased nicely month to month. If your listing did not sell over the last few months, ... Posted by Rob Davis @ 12:00 AM on 05/24/2011		More
Mortgage Money IS available for now... A common comment I hear people in Minneapolis say is that “it’s hard to get a mortgage; so hard, in fact, that no one can get one”. This is just NOT true! In reality, lenders are lending at a healthy pace. Interest rates continue to cooperate and there are many programs for customers. It’s just that lenders, for the most part, only approve ... Posted by Rob Davis @ 12:00 AM on 05/20/2011		More
5 Reasons You should Consider Selling Now If you plan on moving anytime in 2011, you should strongly consider selling your house now rather than waiting. Here are five reasons why: 1.) This is when your house will get the most exposure The spring, and particularly the month of May, is when most buyers enter the real estate market. This surge of buyers dramatically increases the exposure for your house . The best chance of getting quality ... Posted by Rob Davis @ 12:00 AM on 05/10/2011		More
Is It Time to Diversify Your Investment Portfolio? Studies now show that over 20% of the houses with mortgages in the country are underwater (where the loan amount exceeds the value of the property). Some bought their house at the top of the market and saw prices come tumbling down over the last few years. Losing this value has caused challenges for many in this category. Other homeowners are underwater because they refinanced their homes at the height ... Posted by Rob Davis @ 12:00 AM on 04/27/2011		More
Homes Are Still The Best Long Term Investment After a five-year swoon in home prices, many assume that housing may have lost its luster as an investment. However, a nationwide Pew Research Center survey shows this drop in values has done little to shake the confidence of the American public in the investment value of homeownership. According to the survey: Fully eight-in-ten (81%) adults agree that buying a home is the best long-term investment ... Posted by Rob Davis @ 12:00 AM on 04/15/2011		More
Why It Makes Sense To Buy A Home Now As Dean Hartman said last week, the purchase of a home is a personal decision. However, we want to give everyone four great financial reasons why you should not wait before taking the plunge into homeownership. Interest Rates Are Increasing Interest rates have increased almost 3/4 of a point in the last six months. Most experts expect rates to continue to increase through the year. Interest rates ... Posted by Rob Davis @ 12:00 AM on 04/12/2011		More
Minneapolis Shadow Inventory Last week, we reported on the National Association of Realtors’ (NAR) Economic Outlook and gave you a map showing the percentage of overall sales that distressed properties represented in each state. Today we want to show you another map from the same NAR outlook. This one shows the number of months shadow inventory by state: NAR explained their methodology: The map shows the number ... Posted by Rob Davis @ 12:00 AM on 03/29/2011		More
Distressed Properties: Discounts and Difficulties Most buyers want to make sure they get a ‘good deal’ when they purchase something. Purchasers of real estate are no different. That is why many decide to buy a distressed property (a foreclosure or a short sale). The National Association of Realtors (NAR) last week reported foreclosures, on average, sell at a 22% discount and short sales at a 17% discount. It sounds like a pretty good decision ... Posted by Rob Davis @ 12:00 AM on 03/25/2011		More
Highway 101 In Shakopee Closed Due To Flooding The Minnesota Department of Transportation has closed Highway 101 in Shakopee due to flooding. Highway 101 was scheduled to be closed in both directions spanning the Minnesota River in Shakopee at 9:00 a.m. Wednesday. The roadway remained open to emergency vehicles through noon Wednesday, according to MnDOT. MnDOT says Highway 101 will be closed between Flying Cloud Drive and downtown ... Posted by Rob Davis @ 12:00 AM on 03/23/2011		More
If Prices Are Falling... Why Are The Rich Buying? There is an interesting phenomenon taking place in the real estate market. While house prices are falling, the rich are starting to purchase. DataQuick Information Systems reported last week that sales on homes $1 million or more rose 18.6% last year after four consecutive years of decline. This is at the same time that sales outside of this price point actually fell 2.8%. And even more amazing is ... Posted by Rob Davis @ 12:00 AM on 03/14/2011		More

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