mn real estate Tag

Good news on inflation   Inflation is slowing and that is good new for American and Minnesota consumers. The Consumer Price Index inflation moderated to 6.5 percent in December which will help the Federal Reserve to lean toward slower interest rate moves. Inflation slowed on an annual basis for the sixth straight month in December. The Consumer price index was 7.1 percent in November and went down to 6.5 percent in December. With inflation under control in the future interest rates will go down this will impact what buyers get for an interest rate on a home, car, and anything they finance. With this welcome news look for the Federal Reserve to only increase rates by .25 basis points next and not again if this decreasing inflation trend continues. I hope you found my blog on “Good news on inflation” helpful. Look for more blogs on all aspects of Minnesota, real estate, and the world around...

13 January, 2023 /

Experts weigh in on Minnesota real estate in 2023   The experts say homes sales in the Twin Cities are expected to be about the same as 2022, this is regardless of higher interest rates. It is predicted home sales will slow more nationally then in Minnesota. New construction will feel the biggest impact. Builders started too many developments and have some spec homes yet to sell. Look for buying incentives like discounted interest rates, seller paid closing costs and other extras like them finishing the basements. Realtor.com predicts The Twin Cities metro area will be down .8% for sales in 2023 compared to 14% nationwide. Listings will continue to be at a short supply in 2023, since we currently only have a two-month supply of homes for sale. Prices in the Twin Cities will continue to rise (the doomsayers are clueless – our economy is based on supply and demand). Will not see the bidding...

29 December, 2022 /

Things to do in Minnesota during the holidays.   What are some fun things to do in Minnesota during the holidays when you have family and friends in town? Here is a list of things that might interest you. Light displays…Bentleyville Tour of Lights in Duluth. Kiwanis Holidays Lights in Mankato, Winter Lights in the Twin Cities, Glow Holiday Festival in St. Paul, Sertoma Winter Wonderland in Baxter, Celebrate the Light of the World in Willmar, and Sever’s Holiday Lights in Shakopee. Historic home tours like the James J. Hill house in St. Paul. Psycho Suzi’s is transformed into Mary’s Christmas Palace. Have holiday cocktails surrounded by kitschy holiday décor and holiday tunes. Visit the Mall of America as they have several holiday events like the Festival of Trees. Holiday shows like A Wonderful Like at The Saint Paul Hotel, or Christmas Carol at the Guthrie Theatre or Houlton’s Nutcracker Fantasy at the...

21 December, 2022 /

  Minnesota is rated the best state in the nation.   Those of you who complain about our winters should know you living in the best state in the nation and the best country in the world. How can I say that? Let me tell you why… World population review for 2022 by US & World Report defined quality of life for each state in the US. It is measured by comfort, health, and happiness. Quality of life is further measured by material factors, such as income and housing, and health, education, and freedom. Minnesota ranks second best quality of life by this. High life expectancy, low poverty, food security and employment levels were outstanding and great education. Also, high median family income and low levels of separation and divorce. Crime rates are low, the air is clean, and the population is healthy.   WallHub rated the best and & worst states to raise a...

08 December, 2022 /