Minnesota Realty Blog n News

Last month, Thomson, one of the largest employers in Dakota County announced that they are initiating a $100 million project that will include an expansion of 2,000 jobs by 2012. This is great news for the community or anyone looking to relocate to the Twin Cities.

Thomson is located in Eagan is locate just south of St Paul. It is the 8th largest city in Minnesota. It is known for its good schools. You can learn more about the area and surrounding communities on the Buyers Real Estate Group Minnesota Communities page.

Original post by Buyers Real Estate Group

The Minneapolis Home and Garden Show starts on Feb 28 and runs through March 4, 2007. Not only is the Home Show a welcome sign of spring – but it’s a great opportunity to check out what you might like and not like in a new home. So if you go, be sure to bring a pad of paper and take noted! Remember though the booths that you visit are sponsored by vendors who are trying to get you to buy their products or services. If you have any questions – please contact your buyers real estate agent – we know when you are being a good deal or a hard sell pictch.

Original post by Buyers Real Estate Group

According to a (third quarter, 2006) Housing Market Analysis conducted by National City Corp, a financial holding company, in conjunction with Global Insight, a financial information provider the housing market in the Twin Cities is overvalued by 24%.

According to the same survey, Naples Florida is overvalued by 84% and 65 of the biggest real estate markets in the US were overvalued.

National City arrives at its estimates of what the typical house in these markets should cost by examining the town’s population densities, local interest rates, and income levels. It also factors in historical premiums and discounts for each area.

So what does that mean for the buyer? It’s difficult to say but now that it is a buyers’ market knowing the value of the home, knowing how much others buyers will pay, and knowing how much the seller will accept is valuable information – and something that a buyers agent can help you understand.buyers.

Category: MN Housing Market

Original post by Buyers Real Estate Group

Original post by Buyers Real Estate Group

Minnesota Real Estate Journal recently published an article (Light rail line apartment complex taking shape) that outlined how the slump in apartment development due in part to popularity of downtown condominiums is finding a cure near light rail lines. The call the housing “transit-oriented high-density housing”, which means multi-dwelling building with easy access to public transportation. The newly built light rail is one good example.

Apartments are building built and sold on the train line and they have been quite popular with a wide range of ages and incomes – because many people are happy to live without cars if they have easy access to downtown Minneapolis and the airport.

Categories: MN Housing Market, Twin Cities Area

Original post by Buyers Real Estate Group