It Still Makes Sense To Buy Versus Rent

by | Aug 27, 2010 | Blog, Buyers, Market Data

By Dave Hill Prime Mortgage MMG Special Feature Article Nearly a full third of households are still renting. If youā€™re one of them, you could be paying a hefty price. Before talking about purchasing a house, itā€™s important to note two things. Firstā€”and this is...

Pending Home Sales Down

by | Aug 18, 2010 | Blog, Buyers, Market Data, Sellers

July pending homeĀ sales in the Twin Cities are downĀ from last year.Ā  Most likely due to July buyers making their purchase in the Spring prior to the tax credit expiring.Ā  I expect activity to pick up after Labor Day.Ā  Although, most think it will remain...

NAR: Home Prices Are Firming

by | Aug 16, 2010 | Blog, Buyers, Market Data, Sellers

The trend in firming home prices solidified in the second quarter with more metropolitan areas showing increases from a year ago, aided by a surge in home sales driven by the home buyer tax credit, according to the latest survey by the National Association of...

Dangerous Home Buyer Misconception

by | Aug 12, 2010 | Blog, Buyers, Market Data

By Dave Hill PrimeĀ MortgageĀ  Misconception: If you pay list price, you’re paying too much. If you don’t know what the current market value is for homes in the area and whether the market is appreciating or depreciating, you don’t know what a fair...