Julie Ohs's (julieohs) Blog

As part of the American Recovery and Reinvestment Act of 2009, a.k.a. the Stimulus Bill, first time home buyers are now eligible for a tax credit of $8,000.  The following summarizes this credit. Timing--Home owners who purchase their houses between January 1, 2009 and December 1, 2009 are eligib...

According to Moody's Economy.com the housing market in the Twin Cities metro area will reach it's bottom pricing in early 2010.  Nationally home prices are predicted by Moody's to bottom out in the 4th quarter of 2009.  With the current low interest rates, low home prices and numerous home choice...

According to Zillow 40% of homes sold in the Twin Cities last year were sold for less than the previous price paid for the home.  With the decreasing home prices and great interest rates it is a perfect time for buyers.  A home is still a good investment if you  hold it for 5 or more years.  Acco...

The outlines of the Obama administration's and Congress's plans to turn around the housing markets just became clearer. Tops on their list: Ending the foreclosure epidemics in some parts of the country through ambitious new programs designed to rework the terms of hundreds of thousands of mortgag...

Mortgage rates fall to record low again, what are you waiting for--the time to buy is now.Rates on 30-year mortgage rates fell to 4.96% down from the previous record of 5.01% set last week.  It was the 11th straight weekly drop, and way below the rate of 5.69% at the same time last week. Rates ar...

The economy is showing some signs of stabilization.  Interest rates dropped a bit after the recent rise in rates.  Home sales and pending sales continue their upward trend.  It is a GREAT time to buy. I WOULD LOVE TO HELP YOU ACHIEVE YOUR REAL ESTATE DREAMS. jaohs@cbburnet.com www.julieohs.com      

Twin Cities home sales surged in September.  Roughly 4,200 homes sold in September which is 35% MORE THAN THE SAME MONTH IN 2007.  Pending sales are up 42% in September compared to the same month in 2007.  Of the pending sales 42% were bank mediated.  This September increase is a continuation of ...

HOME STAGING BASICS    Cleanliness is of the utmost importance. Uncover as much floor space, wall space and surface space as possible without ruining the ambiance of the room. Nothing should be placed on any surface that was not meant to have something placed on it. All traffic paths must be 100%...

HUD has issued a new directive which puts an end to a popular qualifying technique for buyers who have negative equity in their current home. In the past, if a prospective buyer had negative equity in their current home, we could in some cases qualify them for an FHA loan to purchase another home...

Interest rates are very good right now.  if you are a buyer on the fence the time to buy is now.  With all the economic uncertainty who know what will happen with the rates. I would love to help!!! www.julieohs.com