June 2014

  

 

Brace Helgeson

Ryan Platkze

 

Helgeson/Platkze  

Real Estate Group 

952-942-7777

HPRealEstateGroup.Com

bhelgeson@cbburnet.com

  rmplatzke@cbburnet.com

 

 

 

 

 
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Welcome!

Summer has almost officially arrived! As it becomes nicer outside, we're all enjoying outdoor picnics, lazy days by the pool, and appreciating the great outdoors after a long winter.

 

This time of year is also the ideal opportunity to buy or sell your home.  Summer is the busy season for real estate, and there's still plenty of time to get into your new home for those summer festivities! If you or someone you know is thinking of buying or selling a home, please give us a call.

    

Brace & Ryan     

One in 10 Twin Citians upside down on their mortgage

By Jim Buchta

With home prices on the rise, fewer homeowners owe more than their houses were worth. A new CoreLogic report says that during the first quarter one in 10 Twin Citians, or 12.7 percent of all properties with a mortgage nationwide, were upside down on their mortgage. That's about 6.3 million homes compared to 6.6 million homes, or 13.4 percent, during the previous quarter. As a year-over-year comparison, the negative equity share was 20.2 percent, or 9.8 million homes, last year.

 

"Prices continue to rise across most of the country and significantly fewer borrowers are underwater today compared to last year," said Anand Nallathambi, said CoreLogic's president and CEO. "An additional rise in home prices of 5 percent, which we are projecting will occur over the next 12 months, will lift another 1.2 million properties out of the negative equity trap."


Read The Full Article Here  

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By: the KCM Crew

In a recent blog post, FreddieMac explained that "housing is stronger today than at any point since the Great Recession began and hit bottom in 2009". They then gave three reasons which support their position:
  1. Home sales are up 13% since their low point.
  2. Housing starts are up 50% since they bottomed out.
  3. House Prices are up 16% since their trough.
Projections Going Forward

FreddieMac also believes that the market will continue to improve through 2014. They projected:

  1. Home sales to increase about 3% in 2014 as the purchase market continues to evolve
  2. Almost 20% growth for housing starts in 2014, which will begin to help ease tight inventories in many markets
  3. Home value increases will continue their positive momentum in 2014

Frank Nothaft, Freddie Mac vice president and chief economist, further explained what the housing market may look like in the agency's April 2014 U.S. Economic and Housing Market Outlook:

Read The Full Article Here

 

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