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This Great townhome is newly on the market and available at Coventry. 2 beds, 2 1/2 baths, 2 heated parking garage stalls.  Great open floor plan, 2 fireplaces, luxurious master suite.  Nice private, east facing patio to grill, relax, or let pets run in.   1,936 sq. ft.  Enjoy the beautiful Centennial Lakes Park and all it has to offer.  Close proximity to shops, restaurants, grocery, mini golf, concerts, yoga, grocery, medical, Galleria, Southdale, YMCA, Library and more. Visit my website at http://www.AmyKerber.CBIntouch.com for more information or Google 705 Coventry Lane, Edina, MN.  Amy@amykerber.com is my email and 952-844-6062.

I do know of another condo that is available to be shown at Centennial Lakes that is non -mls.  It is 2 beds/ 2 baths, 1 garage stall, one level, with a view of the lake from one of the rooms. It has approx. 1400 sq. ft.  it is somewhere around $400,000.  Please contact me if you have any further interest. Thanks.

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What’s going on this weekend you say?  The 3rd Annual Art Crawl at 50th And France in Edina from 3-5 pm. Vote on local artists and students window displays. Meet the artist and view in store exhibits from the artist.  They will be on display until March 18th and the winners will be announced then.  Two friends have been hard at work so be sure to visit the exhibits by Lois Ring at Edina Grill and Naomi Griffith at Ala Mode Boutique & Nail Spa.  

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This is from the National Association of Realtors chief economist, Lawrence Yun. November 2011

Housing affordability is about the best it’s ever been, but tight lending conditions have made it difficult for buyers to take advantage of the good conditions.  For investors with cash, though, it’s a golden time to buy, and we’re seeing the investor community step up.  Its share of home purchases reached 22 % in August.  For investors who can hire out or manage property themselves, the attractive rates of return from rising rental income is a strong lure. Rents rose at a better than 3 % annualized rate in the third quarter of 2011, government data show, and private data sources imply even faster rent growth.

If annual rent gains stay near 3.5%, rents will double in 20 years.  If they reach 5%, rent doubling would occur in 14 years.

  Investors can anticipate solid home price appreciation over the long haul.  Using 2000 as a “normal” year in which the market saw neither a bubble nor a bust, the metrics on home prices in relation to consumer prices imply a 14% undervaluation, and in relation to rental rates, a 20% undervaluation.

With the bubble clearly gone, the future home price path should follow the future rent growth path.  That means home prices could also double in 14-20 years, though it is unclear when home prices will begin to catch up with rents.  But long-term investors buying today are sure to catch some, if not most, of the upward ride.

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Black Stains on Roofs

Black Stains on Roofs

If you have nasty black stains on your asphalt shingle roof, don’t worry.  The black staining won’t damage the shingles, and it won’t make your roof leak.  This black staining is typically caused by an algae, and usually shows up on areas of the roof that don’t get much sunlight, such as the north side. […]

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