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Election and Mortgage Rate

With the presidential election only a few months away, buyers and sellers are wondering what will happen with the mortgage rates.  Will the go up or will they drop as many economists are forecasting.  This is a very common question and a number of stories and studies have been written and published regarding this relation, and all of the studies show that the presidential election has no direct affect on the mortgage industry.  However%

A Record Year!

There has been a lot of talk about real estate values surpassing the 2006 record, but a lot of information is being left out.  For instance you hear little or no discussion about average days on market, inventory levels, pending sales, or if we are in a balanced market or a lopsided one.  Now I could go into great detail but I think the article written by Aubray Erhardt sums it up more effectively then I could.  So if you are thinking about selling, purchasing, or have general concerns or questions, I would highly reccomeend you reading Erhardt’s article: Ten...
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Breaking ground in “The Grove”

Ryan Companies US, Inc and Park Nicollet have broken ground on a 26,000 square foot medical building in Maple Grove which is the first addition of a planned 600,000 square foot addition to the North Memorial campus. Other additions planned for the 200 acre development site, “The Grove” shopping district, will also include a Target, Home Depot; and a 138,000 square foot strip mall.  For more information please visit RyanCompanies.com.

Fed increasing rates? Seems Unlikely.

At the onset of 2016, the Federal Reserve had planned on raising interest rates four times over the course of the year.  However, since the last rate hike in December of 2015, the Fed has changed their tune and is now only planning on two hikes; the first of which could take place this July.  The reason for the reduction in hikes is due to slow economic growth and the uncertainty of the United Kingdom staying in the European Union, which as of today (6/20) has the referendum passing by a very slight margin of 44% to 43% with 2...
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