Home Deals and Richfield Hardwood Floor Sanding and Refinishing

by admin on January 8, 2009

Deals, deals, and more deals.  It is hard to believe, but now it is getting easier. Current home prices are very low. I thought a couple of months ago I saw a lot of deals, but it is getting better, or worst depending on your situation. Right now, 40% of all sales in Minneapolis are foreclosed homes. There is a 9 month supply of housing, which typically in a healthy market, there is a 5 month supply. I just looked at 35-40 duplex homes in South Minneapolis and all of them were under $100,000. There is probably another 200-300 in Minneapolis that are under $100,000. Most of them need work, but they can be fixed. I just wonder how long it is going to last. It sounds like there are lot more foreclosures coming on the market. Barring a government bailout to every home owner I think prices are going to get lower. There is a lot of opportunity in the real estate business right now. If you can play your cards right I think many millionaires are going to be made over the next few years. If you have a home in Richfield with hardwood floors give me a call I will give you a deal. Thanks a lot.

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