Wednesday Linklube

by Alex Stenback on December 12, 2007

Local
· Ramsey Town Center Bankers Face Indictment [PiPress]
· Downtown Whole Foods to Include Apartments [DTJournal]
· Homeowners Looking to Cash in on RNC Crowds [PiPress]
· Downtown Condos Going Rental, Chaos Ensues [DTJournal]
· Five Charged in Universal Mortgage Fraud Scheme [MPR]
· New Construction Still Slowing [TCBJ]

Bonus: Check out today’s ‘Molecast’ over at The Daily Mole, where we muse with Steve Perry about the state of the local RE Market. [Daily Mole]

{ 2 comments… read them below or add one }

Nate December 12, 2007 at 5:30 pm

Hmm as more condo’s go rental doesn’t it make it harder to get financing on condos that people are trying to sell?

Also, given the rents most people want/need on these condo’s is there really that much demand?

http://tinyurl.com/2co6q7

Editor/Alex December 13, 2007 at 4:49 am

Yes, and that is a very good article you’ve linked over at Minn-post, which does a nice job summarizing the minefield that condo financing may soon become.

We’ve been meaning to get to this issue all week, because due to some forthcoming changes at Fannie, condo financing is about to get more difficult, especially for newer projects.

More on this soon.

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