Twin Cities home sales up 21 percent in March

  • Article by: SUZANNE ZIEGLER , Star Tribune
  • Updated: April 10, 2009 - 10:59 PM

Pending sales increased 21 percent in March from a year ago, an indicator that experts said was encouraging.

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J_DubyaApr. 10, 0910:33 AM

We should probably get used to a lot of Obama's ideas working ...that's what happens when you elect a smart president.

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coacherApr. 10, 0910:41 AM

So, foreclosures and short sales run through the system with low interest rates, unemployment keeps rising, college grads can't find enough jobs, immigration apparently has lessened, then home sales slow down considerably? Final waive of realtors and mortgage brokers are unable to make a living and more jobs lost as interest rates climb due to extensive Federal money printing? Home prices continue to decline? So, why not a tax credit to buy any house? Wouldn't that be smart assistance to attempt to stop the price declines, which then would slow down and maybe stop the bank writedowns in mortgages? Also, get some risk-based, investor lead lending programs going above $417,000 regarding jumbos?

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nikkineApr. 10, 0910:52 AM

You are not a first time homebuyer. You do not own a home but have decent credit. How come there is not assistance for those people. We sold our house a year ago and moved from another state. We have been renting for a year and are trying to look for a home. We don't qualify for a tax credit but also, we don't qualify for the absolute lowest interest rate. However, we have been told that if we were refinancing a current home we woule be eligible for a rate that is .15% less than our current rate. Makes no sense to me.. But then again, I am middle class.

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rookie6886Apr. 10, 0910:52 AM

For those of us who are already responsible home-owners, the only part of this story that matters is "But the report also showed a continued slide in home prices. The median sale price for all properties was $154,125 in March, down 22.9 percent from a year ago." So, J_Dubya, when is The Messiah going to do something about that?

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thinkfirstApr. 10, 0910:57 AM

Tax cuts clearing way of spending!? A very novel idea... More please!

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stpaul111Apr. 10, 0910:58 AM

Thank you Democrats for fixing this mess! It'll still take a while to get us back to where we were before Bush and his incompetent cronies took our country down the toilet, but we are on the way back!

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bdautobahnApr. 10, 0911:32 AM

That's classic J_Dubya! Obama cuts taxes and you laud him. Keep it up. Pile on the praise brother. How about doing that everywhere and let's really get things moving. A "smart" president however, would have made it so that foreigners with US citizenry don't get rebates and stimulus checks having zero income (think interest on US accounts). And a "smart" president wouldn't spend four bucks for every one he brings in. A veritable genius we have!

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foobarxyzApr. 10, 0911:41 AM

Is this why? http://minnesota.publicradio.org/display/web/2006/07/06/stribfrontpage/

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thetruthurtsApr. 10, 0912:02 PM

In ONLY a few months, he was able to start haulting foreclosures that were not of the fault of the people. Allow the people to re finance properly, and help some of those get into a home. Thats a significant improvement. Also, spending money so that people can go back to work is not a bad idea either. That means people can then go out and spend money again. Like on food, homes, transportation, etc.. Its easy to blame. Its easy to say "its not enough" for those who are against Obama. Its ignorant to think he would save the world in 3 months. Lets be adults about this...

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wagz100Apr. 10, 0912:09 PM

You libs are funny. You tought those that destroyed the housing market. You can corelate anything to anything to make your point. You do not see that the 22% drop in home prices has anything to do with it, nope, just an $8000 give away. If the tax cuts worked so well, why is Obama talking of raising income taxes, increasing the death tax and raising costs on energy consumption? YOur talking out of both sides of your mouth. Guess it is only good when it benefits you, and not any one else. Tax cuts and tax credits will move this country, as we can plainly see. The country is starting a recovery withour one penny of the stimulus bill being spent. So does that mean we can end the stimulus bill and let the market work with just a little nudge here and there without spending 4 trillion dollars this year?

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