MNDOT has finally received funding to complete the 610 exchange from Hwy. 169 to Hwy. 81 in Maple Grove. The construction starts with the closing of Hemlock and Revere Lanes in Maple Grove on 11/16/09. The new Hwy 610 extension will be a 2.74 mile long, four-lane highway from Hwy 169 in Brooklyn Park to County Road 81 in Maple Grove. The project includes two interchanges, or highway access points, at Highway 169 and Zachary Lane. The project also includes three overpasses, or highway crossings, at Jefferson Hwy., Revere Lane, and Hemlock Lane. A pedestrian bridge at Nathan Lane and construction of noisewalls along the corridor are also part of the project.
See link to project information:http://www.dot.state.mn.us/metro/projects/610/
Most residents of the Northwest suburbs are extremely excited about this road being completed. It will save hundreds of travelers time and gas when traveling to the north metro and northeast suburbs. Travelers from Maple Grove, Rogers, Coorcoran, St.Michael and other towns used to have to cut through Maple Grove and then through downtown Osseo to get to Hwy. 169 or they had to follow 94 around all of the way around south Maple Grove to 169 and then go north to 610. Completion of this project is scheduled for November 2010.
Market changes drastically from last year with pending and closed sales up significantly from this time last year. Expect prices to show a slight bump due to frenzied first time buyer activity trying to get into a home before the now extended tax credit was to expire. The volume of first time buyers entering the market and purchasing foreclosures at break neck speed with show as an aberration in the coming months as the rush will be over and we will enter into a seasonal slow down. However, if your considering selling your property this summer, you may want to push your time frame up to earlier in the winter/spring market. Expect listings to start increasing in February.
Rates seem to be staying stable. However, the Fed has indicated that the economy may have slight improvement and that it may have to start raising rates in the next quarter or two to stem off inflation. First time buyer credit expires 11/30/09, but there are and still will be homes that are extremely affordable and over the winter months, could be had for less than you would save with the credit.
Visit our website at www.EricHelmers.com
There have been alot of rumors and information that has been wrong floating around blogs and some real estate websites. Below is the correct information you need to understand the extended tax credit. As you will see below, it now applies to current home sellers looking to move up or down as home buyers. This allows you to be more flexable on the sale of your home if you have lived there more than 5 years. Call me if your looking to buy or sell a home in the coming months.
Rates seem to be staying stable. However, the Fed has indicated that the economy may have slight improvement and that it may have to start raising rates in the next quarter or two to stem off inflation. First time buyer credit expires 11/30/09, but there are and still will be homes that are extremely affordable and over the winter months, could be had for less than you would save with the credit.
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