SECOND IN A SERIES
New homeowner Laura Weir of Minneapolis has been saving up for the day she could move into her own house since her college graduation.
Weir, 23, lived with her parents after graduation and managed to set aside enough money to recently purchase a foreclosed home off Lake Nokomis for $150,000.
The three-bedroom, two-bathroom home required $6,000 up front and $3,000 in repairs. But as a first-time homeowner, she also qualified for an $8,000 tax credit to make it more affordable.
Weir said there couldn’t be a better time to buy.
McKenna Ewen is a student journalist at the University of Minnesota. His entire project is available at TimesOfRecession.com.