Minneapolis Real Estate Blog

Today’s Fed Discount Rate cut signals good news for those looking to buy a house in Minneapolis. Home prices are down in the Twin Cities, making living here an affordable proposition again. There are opportunities to buy houses at 2005 prices and in some cases even 2004 prices. Foreclosures and short sales are increasing dramatically here in Minneapolis as the irrational exhuberance of the lending fiasco of the last few years bears its fruit.

 Smart home buyers are shopping diligently, looking at a lot of properties, talking to their realtors and finding out what kind of values are out there. One of the ways that your realtor can help you with getting the most out of your housing dollars is to tell you historical sales price data about the house. Historical sales price data is not available to the public and must be obtained by a licensed Realtor.