Top Minnesota Real Estate Headlines For Week 35

Top Minnesota Real Estate Headlines For Week 35


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Here’s the latest real estate news around Minnesota of interest to property buyers, home sellers, renters, landlords, property managers and the generally home-curious.

Twin Cities apartment market stays hot, driving up rents. Persistent demand and an increase in new upscale apartments mean average rents are on the rise as apartment rents keep rising, but vacancy rates keep falling.

Harvey won’t boost your insurance rates. Minnesota storms already did that. Harvey, the hurricane turned tropical storm, likely won’t increase homeowners insurance rates in Minnesota. Recent severe storms here already doing that — Minnesota’s insurance industry says it has had plenty of its own costly storms in the past two decades.

A Millennial’s Guide To Moving. With college back in session and recent grads getting jobs, this time of year is typically busy for renters.

Tenant feels threatened, wants out of a lease. Under Minnesota law, a tenant may terminate a rental lease, without penalty, if the tenant or another authorized occupant, such as a child, fears imminent violence after a domestic abuse incident, criminal sexual conduct, or stalking has occurred.

Here’s our top tip of the week: The top 3 money mistakes you should avoid when buying your first home. Buying your first home is a major milestone and a major investment. If done incorrectly, the consequences can be costly.

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