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.
NAR: Metro Home Prices Maintain Fast Growth in Third Quarter; Rise 5.3 Percent. Severely lacking inventory levels across the country pinched sales growth and kept home prices rising at a steady clip in nearly all metro areas in the third quarter, according to the latest quarterly report by the National Association of Realtors. Have you checked out our FREE report on how to find your dream #home at a rock bottom price? Sign up here.
Tenant without lease given notice to vacate. If the landlord wants to end your month-to-month lease, Minnesota law requires him to give written notice to vacate one full rental period before the end date.
Should U.S. Cities Ban Winter Evictions? Midwestern states like Kansas, Missouri, Arkansas, and Minnesota all have “Cold Weather Rules” that protect residential utility customers from having their heat shut off during their harsh winter months though evictions are still fair game.
Cities Have a New Target for Ending Homelessness: Landlords. To ease landlords’ worries and house more of the homeless, a growing number of cities are offering to reimburse landlords for certain losses — unpaid back rent or repairs for tenant-caused damages — that result from accepting applicants who have rental vouchers. Sick of renters or repairs? Get an offer on your home from us instead. Call us 612-470-3789 or sign up here.
Here’s our top tip of the week: 4 Reasons Your Home Would Probably Not Make a Good Rental. Lessons that are critical for people who want to use rental property as an investment vehicle for their future.