Latest Blog Posts

We've got something to say.

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...
Read More

Wealthy Americans

The National Association of Realtors just came out with a new article about how the consumers confidence regarding the real estate market has grown over the past 18 months.  However, as home values appreciate, the pool of buyers is dwindling due to affordability.  You can read the article in its entirety here: Americans Are Feeling Wealthier, More Upbeat Meanwhile, here in Minnesota the consumer confidence is still very strong with many homes surpassing buyers expectations.  Homes, listed appropriately, sell within 30 days of hitting the market, but now that we are heading into the summer travel season, both buyers and...
Read More

Wells Fargo and “YourFirstMortgage”

Last month, Wells Fargo launched a new product called “YourFirstMortgage” which was created for first-time buyers and low-to moderate-income buyers.  The premise behind the product is to assist first time buyers or buyers with limited available funds to purchase a home through a 3% conventional loan with a mortgage of up to $417,000.  The difference between this program and other 3% conventional loans are as follow: Buyers can utilize gifts and community-assistance programs for the down payment  Minimum FICO score is 620 Homebuyer education courses are NOT required but if taken may help reduce the interest rate No income limit...
Read More