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How “Healthy” Is The Minnesota Unemployment Picture and how might it affect our Twin Cities real estate market going forward?
Have you ever wondered “will property increase in value in the future”? Here is one metric to consider-the unemployment rate. Here is a link to Minnesota’s information. http://www.deptofnumbers.com/unemployment/minnesota/minneapolis/
You need a job to buy a home. More jobs=More people who can purchase a home. The Twin Cities employment markets are healthy. We do have unemployment, but we have lots of people working in a number of diversified industries. Overall, we are not dependent on one company or industry. Many people were affected negatively by the recession. Once their credit is repaired, and if they feel secure in their employment, then they MAY want to purchase a home. Currently, there is an upper end apartment BOOM occurring. These apartments rent from $1300-2500. I predict that many renters will once again turn to home ownership-especially if buying a home is CHEAPER than renting. In many cases, with interest rates at historical lows, this is in fact a possibility. I would like to help YOU involved with home or rental property. Call me at 952-929-2577 and let’s see what we can do together.
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7300 France Ave S #410
Edina, MN 55435
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