I got an e-mail today with some pretty interesting stats. Check it out:
Key Minnesota Real Estate Statistics
The National Association of REALTORS® has put together a comprehensive overview of Minnesota Real Estate Information. Below are the findings:
Total Housing Units 2,065,946
Owner Occupied 1,412,724
Homeownership Rate 74.55%
Number of Home Sales 2005 111,231
Conventional Loans 102,001
FHA Insured Loans 7,302
VA Guaranteed Loans 1,127
Median Household Income $47,111
Economic Impact of Real Estate Activity in Minnesota $42.36 billion
Wednesday, May 24, 2006
Tuesday, May 23, 2006
True Value is What You Place On It
I am a firm believer that there is no better personal investment than Real Estate.
Think about it for second. What other item have you purchased that can give you so much: security, happiness, shelter, joy, family memories....and still continue to go go in value?
Certainly not the car you purchased! We all know how they go down in value the second you drive it off the lot!
Stock Market? Eek! Sure big gains are possible...and unfortunately so are even bigger losses.
No, for me I will always pick Real Estate. For despite the ebb and flows that are a part of any market, the housing market has endured and will continue to endure over time. In fact, I would argue that real estate is the ONLY investment you can make that WILL - given adequate time - always go up in value. Not sometimes. Not most of the time...ALL of the time!
After all...we all NEED a place to live!
Here's an interesting article about the current national real estate market trends:
A Soft Landing
Think about it for second. What other item have you purchased that can give you so much: security, happiness, shelter, joy, family memories....and still continue to go go in value?
Certainly not the car you purchased! We all know how they go down in value the second you drive it off the lot!
Stock Market? Eek! Sure big gains are possible...and unfortunately so are even bigger losses.
No, for me I will always pick Real Estate. For despite the ebb and flows that are a part of any market, the housing market has endured and will continue to endure over time. In fact, I would argue that real estate is the ONLY investment you can make that WILL - given adequate time - always go up in value. Not sometimes. Not most of the time...ALL of the time!
After all...we all NEED a place to live!
Here's an interesting article about the current national real estate market trends:
A Soft Landing
Monday, May 22, 2006
Sunny Days!
I am happy to report the Spring Market has really picked up! Despite all the negativity out there in the press, real estate remains a great investment.
Here's some links to some excellent real estate related stories for you to check out.
Curious about Property Taxes and how they come up with how much you pay?
The Property Tax Gap
Wondering about Reverse Mortgages?
Mortgages That Pay
Looking to relocate to Minneapolis?
Minneapolis Neighborhood Profiles
Happy Clicking!
Here's some links to some excellent real estate related stories for you to check out.
Curious about Property Taxes and how they come up with how much you pay?
The Property Tax Gap
Wondering about Reverse Mortgages?
Mortgages That Pay
Looking to relocate to Minneapolis?
Minneapolis Neighborhood Profiles
Happy Clicking!
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