Minnesota home sales and prices rose in May

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: June 21, 2012 - 9:06 PM

Rock-bottom mortgage rates helped boost year-over-year sales for the 11th month in a row. The median sale price rose 9.9 percent.

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swatisedJun. 22, 1212:08 PM

I think we are due for two more years of steady and moderately postive market activity. After that - the market will be a more efficient place as consumers seek quality and value over flash and convenient sales. Communities looking to attract home-owners should be looking to improve walkability and access to transportation. Cars represent exposure to random costs ( fuel, maint., repairs ) that many families are starting to look at negatively.

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