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.
Longer-term mortgage rates slip for 2nd straight week. Long-term mortgage rates slipped this week, though shorter-term rates rose in response to better economic news that made it more likely the Federal Reserve will hike rates in December.
All MN Metro Areas’ GDPs Grew in the Past Two Years Except One: Duluth’s. Duluth is kind of having a moment. In recent years, it’s been named the best town in America (by Outside Magazine). The transformation of its Canal Park with shops and restaurants has helped revitalize its waterfront area. Tons of parks and trails make the Duluth area something of an outdoors mecca. And it’s home to some of the state’s destination breweries. But not everything has been on the upswing for the Duluth metro area.
An affordable housing movement is rising from the wreckage of the foreclosure crisis. Over the last few years, housing activism has boomed — a trend that transcends the issue of rent control through its focus on halting gentrification and protecting low-income people of color from displacement.
Housing authority unveils program aimed at getting more Minneapolis landlords to accept vouchers. The Minneapolis Public Housing Authority is going to offer some carrots to get landlords to accept low-income tenants. Come May, however, they’ll also have a stick. Sick of renters or repairs? Get an offer on your home from us instead. Call us 612-470-3789 or click here.
Here’s our top tip of the week: How to Find a Tenant in Any Market: A Comprehensive Guide. Whether you’re managing properties for another real estate investor or handling the day-to-day operation of property management for your own rental units, almost anyone with experience will agree that success in the rental property business hinges largely on your ability to find the right tenants.