Minnesota Housing Market Predictions 2019: Find Your Dream Home

Are you looking to invest in the Minnesota housing market? This beautiful state is booming with potential. There are plenty of cities that offer affordability, safe neighborhoods, and rising home values at moderate costs. But before we dive in to the Minnesota housing market, let's learn a little bit about the state. Minnesota State Facts Minnesota is the 32nd state admitted to the Union. It formed from the eastern portion of the Minnesota … [Read more...]

2016 Minnesota Real Estate Market Predictions

In 1858, Minnesota became the 32nd state to be added to the United States. Known as Land of 10,000 Lakes, or officially L’Étoile du Nord (the translation from French is Star of the North), the state covers 86,939 square miles making it the 12th largest in the country. The 2nd northernmost state (after Alaska), part of the eastern border is Lake Superior and Canada is the northern border. So, how does this northern state rank in terms of … [Read more...]

2015 Minnesota Housing Market Predictions

After the serious stagnation of last year, which we covered at large in our report on the 2014 Minnesota housing market, the market has now recovered quite nicely and will reportedly continue to grow into the foreseeable future as well. The housing market predictions for this state (as calculated based on Zillow data), indicate that there has been a 2.9% rise in this market and it will continue to rise by 0.9% in the next year as well. The basic … [Read more...]

2014 Minnesota Housing Market

The 2014 Minnesota housing market experienced some serious stagnation. However, along with the stagnation, this market also saw consistent signs of growth and a slow (but steady) improvement. As of the time this article being published, most market analysts (as well as many sellers) expressed a feeling of confidence in their housing market. The market backed up these optimistic views through an increase in the number of properties on sale: in … [Read more...]

2013 Minnesota Housing Market

With prices high and inventory low, Minnesota’s housing market is solidly on the rebound. “Home sales are at their highest level in three years, according to new national figures released on Thursday,” reported CBS Minnesota (“Realtors Expect a Bountiful Spring for Real Estate”) on March 21, 2013. “In Minnesota, the big story remains the lack of homes on the market, with inventory down more than 15 percent from last year.” Minnesota’s home … [Read more...]

Home Prices Fall Almost 5% in 2011

By Mike Colpitts Home prices fell nearly an average of 5% last year as a result of a troubled U.S. economy, decaying consumer sentiment, high unemployment and a foreclosure crisis that is running out of control, according to real estate research firm Core Logic. The company’s December Home Price Index showed an average 4.7% decline in U.S. home prices, which includes foreclosure and bank assisted short sales. The year-end report indicates … [Read more...]

2012 Minnesota Housing Market

A reduction in distressed home sales, especially foreclosures is sending Minnesota housing markets into a recovery sooner than most of the rest of the U.S. An increase in drastically discounted real estate sales, however, with banks in short sales, in which homeowners sell for less than what they owe on their mortgages are helping to propel Minnesota into a housing recovery. Frustrated with the market, lower home prices and disappointed they … [Read more...]

Home Prices Tumbled Less in 2011

By Mike Colpitts Home prices tumbled an average of 4.3% on a year-over-year basis through last November, according to real estate analytics firm CoreLogic. The company’s Home Price Index, released Monday, confirmed what other real estate research companies reported – that home prices fell less in 2011 than 2010. The Santa Ana, California based firm said prices fell 1.4% in October, which marked the fourth straight month home values … [Read more...]

Index Shows Housing Prices Decline

By Mike Colpitts Housing prices declined an average of 3.9% through the end of October on a year over year basis, according to the CoreLogic housing price index. The index shows that home values have dropped for three straight months, and are especially hard hit in five states. Nevada has led the nation in foreclosures and housing deflation, declining 12.1% in the last 12 months. Illinois had the second highest level of depreciation … [Read more...]

Tax Free Real Estate Purchases Climb

By Mike Colpitts Boosted by lower real estate prices and growing volatility in financial markets, investors are increasing their purchases of tax free real estate investments. Investors are moving away from investing in equities in the stock market and other financials in growing numbers due to a chorus of concerns, including insider trading, automatic machine trading and criminal conduct. Retired investors are shopping for higher returns … [Read more...]