Even with warmer weather in the forecast and the spring home-buying season fast approaching, the Twin Cities remains a strong seller’s market. Inventory remains at a 10-year low. Last month, there were 13,086 homes for sale, down 4.1 percent from a year ago.
At the start of each month, the WCCO Morning Show likes to give you a spending forecast, so here is the inside scoop on what experts say are the best things to buy in April.
It’s been a frustrating early spring real estate market for house hunters in the Twin Cities. Minnesota Association of Realtors Executive Director Chris Galler says there’s usually more for sale by this time in March.
Due to frigid conditions in much of the nation, February’s real estate wrap-up required boots and a shovel, as well as deeper pockets.
Minnesota property taxes owed this year are mostly static once refunds and credits are factored in, state officials said Friday, despite their earlier prediction that those taxes would drop considerably. A Department of Revenue analysis shows a net $8 million drop in a property tax system that generates $8 billion a year.
Our bone-chilling winter has kept people from getting out and doing many things they otherwise would’ve done. That apparently includes shopping for a home.
You may not even want to think about it, but winter is right around the corner. WCCO-TV meteorologist Chris Shaffer says we could see our first frost by this weekend.
Don’t be surprised if you notice more RV’s and motor homes out on the highways. While recreational vehicle sales dipped during the recession, buyers are now back. The RV Industry Association says more than 300,000 RV’s are expected to be sold this year.
Frost Simula calls himself the poster child for what’s call “predatory remodeling” and now he’s talking about his fight to protect others.
A St. Paul house featured in the movie “Grumpy Old Men” is up for sale. The house’s exteriors were used for the home of Jack Lemmon’s character in the 1993 film. The house has a view of Lake Phalen and is listed for $195,000.
If you’ve been waiting to pull the trigger on buying a home, now may be the time to do it. A new report ranks Minnesota as the least affordable state in the Midwest for renters.
Homes are selling so fast in parts of the metro that there aren’t enough to meet the demands of buyers.
U.S. home prices accelerated in November compared with a year ago, pushed higher by rising sales and a tighter supply of available homes.
Newly released sales figures show that home sales are up nearly 20 percent in the Twin Cities metro area. That statistic makes 2012 the best year in the area for home sales since 2006.
Anyone who owns a home has seen the dizzying drop in market value. But now, there’s some very good news about Twin Cities housing prices.