Minneapolis, St Paul home prices rise again!

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Mortgage and Lending with Mortgages Unlimited, Inc NMLS 274132

newconSt Paul, MN: The most recent reports and data for the Minneapolis St Paul real estate market shows continuing signs of rebound with both increased home prices and increased building permits for new construction.

The University of St Thomas' monthly residential real estate price report index shows that the mediam sales price was up 6% over March of 2012, with the current average now 209,900.

Improvements to the housing market are attributed to an

New construction builders are also complaining about a lack of quality lots within the metro area that have current access to utilities. This forces builders to pay premium prices for prime lots, which of course increases the price of the new home.  

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Topic:
Home Buying
Location:
Minnesota
Groups:
Mortgages
All About Mortgages/Mortgage Networking
The FHA Mortgage Group
Minnesota Real Estate
Investment Property (USA)
Tags:
homes for sale
minnesota
home prices
minneapolis
new construction
st paul
mortgage interest rates

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Rainmaker
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Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Joseph, 

Glad to hear that the market in your area is doing so well.  Hopefully things will continue.

May 09, 2013 10:32 PM #1
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Joseph Metzler

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