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Minnesota State Overview

Naomi M — Thu, 04 Oct 2007 15:07:16 -0500

Capital: Saint Paul
Estimated 2004 population: 5,100,958
Change from 2000: +181,479
2004 housing units: 2,212,701
Housing units change from 2000-2004: +138,784

Twin Cities economy solid, housing market still weak

Wed, 31 Oct 2007 11:58:46 -0500

The Twin Cities economy remains one of the most stable in the United States, according to a new study by Metrostudy's Twin Cities division.

The firm, which provides market information to the housing industry, noted that Twin Cities businesses have added 93,600 new jobs since 2003, and that the area has sustained an unemployment rate below 5 percent for the last four years.

Minnesota housing market facing tough times

Mon, 04 Jun 2007 00:00:00 -0500

Minnesota’s North Shore is feeling the ripple effect of the slowing real estate market in the Twin Cities.

Homes for sale in the metro area are staying on the market much longer; investment properties and other real estate on Minnesota’s North Shore are starting to feel the slow down, too. Some developers have stopped plans to build and other companies that deal with real estate are feeling the squeeze.

Minnesota home sellers face tough market

Tue, 29 May 2007 00:00:00 -0500

Glen Dorfman of the Minnesota Association of Realtors recommends that sellers accept the market for what it is, and not hold out for a recovery. For example, for the week ending May 12, the number of sellers with offers was down more than 20 percent from the same period last year, while the total number of homes on the market was up nearly 12 percent from a year ago.

"Right now we're in a frightening time of flat and declining market values, so why not cut losses?" says Dorfman.