Mortgage and Real Estate Blog

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Minneapolis, St Paul home prices rise again!

newconSt Paul, MN: The most recent reports and data for the Minneapolis St Paul real estate market shows continuing signs of rebound with both increased home prices and increased building permits for new construction.

The University of St Thomas' monthly residential real estate price report index shows that the mediam sales price was up 6% over March of 2012, with the current average now 209,900.

Improvements to the housing market are attributed to an

New construction builders are also complaining about a lack of quality lots within the metro area that have current access to utilities. This forces builders to pay premium prices for prime lots, which of course increases the price of the new home.  

Comment balloon 1 commentJoseph Metzler • May 10 2013 05:31AM
Minneapolis, St Paul home prices rise again!
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St Paul, MN: The most recent reports and data for the Minneapolis St Paul real estate market shows continuing signs of rebound with both increased home prices and increased building permits for new construction. The University of St Thomas'… more
Mortgage rates up after jobs report - Week ending May 4th, 2013
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Minneapolis, MN: Mortgage rates jumped up at their fastest pace in two months after this weeks employment report, which showed that more jobs than anticipated were created in April. Anytime we see good economic news, it tends to cause long… more