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STUDENT WORK: Eight Percent: Finding Home

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Published on Apr 29, 2009

Minneapolis\'s newest homeowner, Laura Weir, 23, has saved up for this day since her college graduation. She lived with her parents after school and managed to set aside enough money to 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. She said there could not be a better time to buy.

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