Friday, January 8, 2010

Is Two—O—One—O a Dyslexic Zip for Beverly Hills? No...It's an Opportunity to Change Yours!

A local television station raised an interesting question. Should the New Year be pronounced “twenty-ten”, “two thousand and ten” or “Two-O-One-O”. Frankly, the latter struck me as a dyslexic pronunciation of an eighties TV show revolving around a Beverly Hills zip code. But no matter how you say it, 2010 will be a fantastic year for a person to change their zip code…At least it will be in Minnesota.

Here are a few of the reasons 2010 should be a great year to make your move to a Minnesota home:

  1. Affordability—In Minnesota, homeowners get more bang for their buck. The affordability index was off the charts for most of 2009. Many buyers took advantage of this and are now happy homeowners but there are still many great opportunities available.

  2. Low Interest Rates—Yep, they are still unbelievably low but these low rates cannot last forever. As interest rates creep up, affordability will decrease.

  3. Extended and Expanded Tax Credit—The tax credit originally scheduled to expire has been extended until April 30, 2010 and expanded to include people who already own homes or have recently sold. For additional information on the extended and expanded tax credit CLICK HERE.

  4. Selection—Though the number of MLS-listed homes is down from the record high inventory of early 2009, there is still a good selection of homes in every price point across the Twin Cities. Whether you are looking at a foreclosure to fix up or a lakeshore paradise, there are many options available.

Copyright 2010 Teri Eckholm