Twin Cities real estate recovery is firming up

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: February 10, 2013 - 8:06 PM

As home sales and construction blossom, suppliers struggle to keep up with demand.

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gemie1Feb. 9, 1311:49 PM

What is going to happen with real estate when interest rates go back up? Interest rates are being artificially kept down and are not imbalance with inflation. Just something to think about. Is this a real estate recovery or just a short term fix?

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viktorvaughnFeb. 10, 1312:01 AM

This is froth; it's time to let interest rates rise.

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antisuburbsFeb. 10, 13 1:08 AM

yeah, right when I'm trying to buy a condo, great...

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citypersonFeb. 10, 13 7:55 AM

The Minnesota economy picks up when the adults are in charge. Thank you Mr. Dayton and Mr. Obama.

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clnorthFeb. 10, 13 8:01 AM

So she bought it for $319,000 and is hoping to sell for $250,000? Nice example of recovery.

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clnorthFeb. 10, 13 8:10 AM

"Alan Hummel, said that a year ago it would take two or three days to get an appraiser on a job after a request. Now, it can take twice as long." We talked to the appraiser that handled our refinance. He said so many appraisers quit during the downturn, that there is a shortage of them now. It is a nice, feel good story, but reality does not match the assumptions this article makes.

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dentesterFeb. 10, 13 8:23 AM

Anybody who is actually involved in trying to sell a house knows this story is a fictional account of what the writer hopes would be the case.

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qwerty123Feb. 10, 13 8:23 AM

gemie1 hit the nail on the head. This a mini-bubble caused by the Federal Reserve's unprecedented actions of the past few years with interest rates and their buying of mortgage paper. Let me know when some important indicators of the underlying economy(e.g. sustained real personal income growth or employment to population ratio) show improvement. That is what is necessary to create a sustainable and healthy housing sector.

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armybratFeb. 10, 13 8:41 AM

Another government driven conclusion which will justify them raising our property taxes. My taxes never dropped a dime in the 5 years of decreased assessments and this year they increased my assessed value by 4% and are proposing an 8% increase in taxes.

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chuckdancerFeb. 10, 13 9:24 AM

Government should step aside and let the private sector handle this. Just be careful where you're standing though because the entire sector will be collapsing almost instantly.

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