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With the government about to cease the program to purchase mortgage backed securities the fate of mortgage rates and the somewhat leveling market will be tested. Whether the demand for housing will be strong enought to stand on it’s own is remained to be seen. This article from CNN Money explains the factors that will [...]

Looks like their are 91 properties that either have an upcoming foreclosure sale (aka -sheriff sale, auction sale) proving the foreclosure problem is not quite over. Whether your a buyer or a seller in Chaska your real estate agent should be informing you of the potential properties coming down the foreclosure pike that will [...]

1. NAR provided the latest update on the Senate’s action to extend and expand the home buyer tax credit.
 
After a long week of negotiation, an agreement on the scope of the expansion and extension has been reached. A vote will occur in the Senate this week, and the package will then go back to the [...]

Senate Majority Leader Harry Reid, a Nevada Democrat, is supporting a four-month extension of the home buyer tax credit.
Two other proposals in the Senate would, respectively, extend the credit through June and, most generously, increase the deduction to $15,000 and open it up to all home buyers and those with higher incomes.
One or more of [...]

Track the process of the first time homebuyer credit extension. National and local realtor associations are working to rally their membership to contact government officials to urge them to pass this legislation.
See the status of this bill – H.R. 1993: 2009-2010 First-Time Homebuyer Credit Extension Act of 2009
111th CongressThis is a bill in [...]