Posts Tagged ‘twin cities’

The metro area in Minnesota is bearing the brunt of the housing slump. Northwest & West-Central areas are faring better

Minneapolis, Minnesota. Image has been cropped.
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The housing slump appears to be affecting the Minneapolis-St. Paul

Metropolitan Area more than other parts of Minnesota, according to a
new report from the Minnesota State Demographic Center.

The study, based on data from the state Department of Revenue, shows
that both median sales price and the number of sales dropped more
within the Twin Cities area than elsewhere in the state between the
first three quarters of 2007 and 2008.

“The Department of Revenue data is a unique resource that
allows us to look at all parts of Minnesota, not just the Twin Cities
area,” said Martha McMurry, a research analyst with the State
Demographic Center. While real estate groups and other organizations
provide information that is more current, they generally provide data
only for large metropolitan areas.

Most regions of the state experienced a decline in the number of
sales, while median sale prices rose in 36 counties and fell in 49
counties between 2007 and 2008. Northwestern and west-central Minnesota
experienced stable or rising prices. By contrast, only Carver County in
the 11 counties of the Minneapolis-St. Paul area experienced rising
prices. Statewide, the median price dropped 5 percent, from $200,790 to
$190,000.

The report, “Minnesota Housing Prices, 2007-2008,” is available online at www.demography.state.mn.us.

Contact: Tom Gillaspy

State Demographer

tom.gillaspy (at) state.mn (dot) us

651/201-2461

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Twin Cities First Time Home Buyer Classes

Hey everyone who is a first time home buyer.  Don’t miss these fantastic classes taught by none other than Lister Sister Lisa Pearl.  Buy smart! Get informed!

You can attend a one all-day class or a series of four classes.  You will learn how you can buy an affordable home in Suburban Hennepin even  if you have limited income, limited cash, or credit problems. During our Home Stretch: Homebuyers Workshop, we’ll walk you through each step of the home buying process and you’ll receive a comprehensive homebuyer guidebook.

You’ll get information on how much home you can afford, how to identify and overcome barriers to homeownership, and how to find the right home. You’ll also receive valuable information concerning how to identify potentially costly heating, plumbing, electrical, foundation and roofing problems before they drain your pocketbook.  Completion of this workshop may qualify you for special financing, down payment, and/or closing cost assistance.

After you have completed the Home Stretch classes you’ll have the ability to meet with one of our counselors that will address your individual housing needs. These workshops meet or exceed the standards of FHA, Fannie Mae, HUD, Freddie Mac and the Minnesota Housing Finance Agency. The cost for all four classes is $20 per person and you must pre-register by calling CAPSH at (952) 933-9639 x281 or by downloading and completing the links below.  We also provide a one-day eight hour class that is $50 and includes lunch.

To Register: http://www.cashenn.org/media/Homestretch%20Registration%20Form.pdf

For more information? http://www.cashenn.org/homestretch.htm

February One Day Workshop – Saturday, February 7
8:00 AM – 5:00 PM
Eden Prairie

February 11, 12, 18, 19 – Wednesday / Thursday
6:00 P.M. to 9:00 P.M.
Hopkins

March One Day Workshop – Saturday, March 7
8:00 AM – 5:00 PM
Brooklyn Center

March 27, 28 – Friday / Saturday
Friday 1:00 P.M. to 6:00 P.M.
Saturday 8:00 A.M. to 1:00 P.M.
Hopkins

May 13, 14, 20, 21 – Wednesday / Thursday
6:00 P.M. to 9:00 P.M.
Hopkins

June 12, 13 – Friday / Saturday
Friday 1:00 P.M. to 6:00 P.M.
Saturday 8:00 A.M. to 1:00 P.M.
Hopkins

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