Minnetonka Homes | Minnetonka Houses | Minnetonka Real Estate
Uncategorized

How “Healthy” Is The Minnesota Unemployment Picture and how might it affect our Twin Cities real estate market going forward?

January 17, 2013 by · Leave a Comment 

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.

Sincerely,

RE/MAX Results

John Mazzara

Broker Associate

CFP CLU ChFC CEBS MBA MS CMB

7300 France Ave S #410

Edina, MN 55435

John@johnmazzara.com

http://www.MinneapolisStPaulHomes.com

612-386-7027

952-929-2577

How Can I Help You?

READ MORE

Previous: Mortgage Insurance Deductibility and 2013
Next: Bloomington Homes-Minnesota Home Improvement Money Available

Comments are closed.

Disclaimer: This communication is provided to you for informational purposes only and should not be relied upon by you. RE/MAX Results is not a mortgage lender and so you should contact a mortgage broker or lender directly to learn more about its mortgage products and your eligibility for such products. Regarding specific blog postings, external links and any other information found on this site, neither John Mazzara nor RE/MAX Results assumes any responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice. It is strongly recommended that you seek appropriate professional counsel regarding your rights as a homeowner. John Mazzara and RE/MAX Results are not associated with the government, and our service is not approved by the government or your existing lender. Even if you accept this offer and use this site and/or our services, your lender may not agree to change your loan should you decide to pursue a short sale or any other change involving your loan or loan terms and conditions. If you should decide to engage our services in marketing your home as a short sale, there will be no up front cost to you and you may cancel our listing contract at any time.

Minnetonka Homes | Minnetonka Houses | Minnetonka Real Estate