Monday, February 04, 2013

Housing to drive economic growth (finally!)

The title of the article basically says it all: housing, which has been the scapegoat of the economy for the past 5 years, is now poised to “lift us out of the doldrums.”

Most of the article is the same stuff we’re heard a lot recently. Interest rates are lower than ever, prices are steadily rising, etc. But what’s adding even more fuel to the fire is the shortage of inventory in the marketplace--too much demand for housing, not enough properties to go around.

This of course drives new construction, which in turn creates more jobs and demand for appliances and general consumption.

This is GREAT news for people looking to sell their own homes. There’s more opportunity to list right now than there’s been in years which so few houses on the market.


Thursday, January 03, 2013

Twin Cities' Central Corridor attracts $1.2 billion in real estate development

This week one of the more interesting articles regarding real estate in the Twin Cities comes from none other than Progressive Railroading, a site devoted to railroading professionals. Naturally. The Twin Cities’ Central Corridor light-rail route is scheduled to begin carrying passengers in 2014. The line, which runs west-east from Target Field Station to Downtown St. Paul, has attracted a lot of attention from developers.


Over $1.2 billion in developments are already underway, and in December the Metropolitan Council awarded development grants to continue “to spur job growth, housing and economic development along the corridor.”

This is great news for the real estate market in the metro Minneapolis/St. Paul area. Major upgrades like the Central Corridor can revitalize or add to a lot of area in a short amount of time.

Full Article Here