The number of new listings entering the market last year was the lowest it has been since the turn of the century... down from a peak of 108,033 in 2006 to only 68,875 in 2011.
That low number of sellers entering the marketplace coupled with buyers snatching them up resulted in in a supply of homes for sale that dropped off my chart... only 16,191 active listings at the end of 2011.
If you look ...
As Twin Cities rents go up in in response to high demand and the lowest vacancy rates in about 10 years some renters are starting to wonder if it finally makes more sense to buy.
While there are many factors involved in such a decision, if it boils down to whether buying makes financial sense given current market conditions a good gauge is the price-to-rent ratio.
The price-to-rent ratio is the cost ...
Only two blocks long, the Milwaukee Avenue Historic District is Seward Neighborhood's shining star. This group of small homes built between 1884 and 1890 was the first planned workers' community in Minneapolis, attracting immigrants working in the nearby railroad yards and other industries along Hiawatha Avenue. Built in similar style on quarter-sized lots with no front yards, these homes have more ...