Archive for April, 2009
Additional $8,000 to Buyers in the 55411 Zip! No Kidding!
April 17th, 2009 Categories: My Listings, North Minneapolis, Twin Cities Home Buyers
Here is an open letter to the “powers that be” in Minneapolis that Rony Davis wants to share with everyone:
Great News !
I am so excited…I want to shout!
Neighborhood Housing Services of Minneapolis is absolutely thrilled to tell you that the Pohlad Family Giving Foundation has provided 1 Million Dollars in home buyer assistance funding to NHS of Minneapolis, designated specifically for the Minneapolis 55411 Zip Code. This area includes the Jordan, Hawthorne, Willard Hay and Near North Neighborhoods of Minneapolis.
The down payment, closing cost funds are available up to $8,000 @ 0%. These loans will be deferred (meaning no monthly payment) and forgivable after 7 years of continued ownership and residency.
These funds have no income restrictions and are not restricted to first time home buyers, although first time buyers must complete Home Buyer Training and buyers must intend to occupy the home. Further, this program may be used in conjunction with other home buyer assistance programs. How great is that!
Eligible homes include single family, duplexes, town homes and condominiums in the 55411 zip code of Minneapolis.
We are very excited about this wonderful opportunity and we appreciate the Pohlad Family Giving Foundation for their generous commitment to the stabilization efforts in our community and their confidence in NHS.
For more information, call NHS of Minneapolis at 612-521-3581 weekdays and/or check out the flyer, attached.
Please forward this notice to others who may benefit from this exciting news.
V. J. (Rony) Davis
Executive Director
Neighborhood Housing Services of Minneapolis, Inc.
1501 Dupont Avenue N.
Minneapolis, MN 55411
612.521-3581
Check out this listing at www.JeanieHoholik.com and http://www.twincityrealestatechat.com/2009/03/20/2755-russell-avenue-north-sneak-peak/ . You have access to Minneapolis Advantage funds. If you’re a first time home buyer, another $8,000 credit and, now, $8,000 from the Pohlad Foundation! Plus that, interest rates are at an all time low.
Seriously, what are you waiting for?
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Plymouth, MN Real Estate - Current Housing Statistics - March, 2009
April 10th, 2009 Categories: Plymouth Current Housing Statistics, Real Estate News, Twin City Sellers
This month’s report about the housing statistics in Plymouth shows that the number of homes listed on the market has dropped 22.7% for single family homes and 16.7% for town homes and condos. Meanwhile, new listings are only down 2.1% this year over last year at the same time. That means that many of the homes that were listed last year are not re-listing this year.
Why would that be?
One reason is that folks realized that they couldn’t get the price that they wanted for their home last year, and would probably have to sell it at a loss. Not many of us can afford to do that. Therefore, they’re going to sit tight for a while.
The other reason is that some of last year’s listings are now bank-owned properties. The banks are notorious for being slow at returning these homes to the market for sale. They are burdened with bureaucracy and inept employees. Sorry, banks! Just speaking from experience!
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