After mortgage banker Alex Stenback of Alerus Mortgage helps people buy a new home, he sells off the mortgage. “We sell everything that we do here,” Stenback said. “When we sell them, it’s one by one.” About 80 percent of home loans are eligible to be sold. Stenback says it can happen for a couple of reasons. “One is there is $10 trillion in outstanding mortgages right now in the country and there’s simply not enough deposits in all the banks to make that many mortgages,” he said.
The City of Minneapolis is offering 500 discounted trees to homeowners who lost trees during the severe storm on June 21.
According to city officials, $25 trees will be available to order starting on Monday, Sept. 9 at 8 a.m. The sale will last until Sept 20, or earlier if the trees sell out. Six tree species will be available: hackberry, harvest gold linden, heritage oak (English oak and bur oak cross), heritage river birch, Honeycrisp apple and royal star magnolia.
Frost Simula calls himself the poster child for what’s call “predatory remodeling” and now he’s talking about his fight to protect others.
For the Twin Cities, the cold and rainy weather has dramatically slowed landscaping and gardening projects. Whether it’s a major patio project, or planting a home garden, everything seems to be a month behind.
Minnesota lawmakers went out of their way to put a dent in property taxes by heaping hundreds of millions of new dollars into state allowances to schools and local governments. They also bolstered programs that supply direct-to-homeowner tax credits.
Take a close look at your homeowner and auto insurance policies — the cost may be going up. Minnesota lawmakers are considering a bill to add a $5 surcharge on every policy in the state.
Even though there’s still a lot of snow on the ground, it’s not too early to start thinking about the home repairs you’ll want to make this spring. Experts say there are plenty of things you can do around your house now to get a jump on spring.
There are more encouraging signs in the housing market.
Outdoor dining in St. Paul could be expanding and buying a home there may become more affordable, if Mayor Chris Coleman’s proposals get the green light.
Carpenter ants are creating problems for homeowners. The insects can chew away portions of the wood in your home, just like termites.
Voters in North Dakota get a chance Tuesday to do something no state has ever done before: Not just lower property taxes, but abolish them. It’s a bold move, but critics say it will throw the state into chaos.
The housing market in the Twin Cities continues to get stronger, based on two reports out Tuesday.
In Minnesota, emerald ash borers usually strike the first of May, but not this year. They’re actually striking now. Our warm spring has brought the tree killing beetle earlier than usual.
Conventional wisdom has always told us it’s cheaper to rent than to buy. But the market just may turn that thought upside down. The real estate website Trulia tracks rent across the country, and today revealed that in many U.S. cities, renting is no longer the cheaper option.
The Twin Cities set a record high temperature on Wednesday when we hit 73 degrees, and many residents were ready to jump in the yard and get to work. However, lawn care experts say not so fast.