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The "New Normal" in Real Estate
By Sara Huebener
The Minnesota Association of REALTORS just published, in our monthly real estate publication, a few thoughts regarding the "new normal" for both life as Minnesotans, and life in the world of real estate.  Here is a summary of the real estate portion of this article in italics, with our personal findings in non-italics.
1.  Smaller, less-maintenance housing units.  
As households continue to shrink (less kids, more singles) the consumer will have less time or desire to maintain a large housing structure. Instead they will seek smaller, maintenance-free housing units.  Think about the substantial growth in the Minneapolis Condo market.  Smaller units, no maintenance, nice amenities, privacy.  Some folks challenge the privacy statement....
This is interesting, especially considering the larger-than-usual inventory of ramblers on the market in West Savage right now.  Once thought to soon be the new hot-button for our retiring Baby Boomers, the new demand seems to be simplify simplify simplify.   More and more Boomers are seeking townhomes or maintenance-free housing units.  At a low cost.  With no yard work.
2.   Townhomes/patiohomes and perhaps variations will also become popular. 
Some will be established for people who want the best elements found in a single ... more

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