Long Doan
MINNESOTA: MINNEAPOLIS, MN REAL ESTATE MARKET TRENDS & ANALYSIS All eyes are in Minnesota, mainly because of the unfortunate incident that happened in late May, where a police office blatantly killed a black man in daylight, spurring a massive riot all over the country. What happened in Minnesota, my beloved state, is something that I am not proud of. It sends us as a country so many years back, and I feel the systemic racism that has crept the very fabrics of the institutions meant to protect live and human dignity have failed, quite miserably. My condolences go to the family of George Floyd; no family should ever lose a son in the manner that George did. All we can hope for is that justice will be done.
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innesota, despite the stain marks made by some inhumane people, is a good state. If you are a keen investor, or if you are looking for your next residence, the future is in the Minneapolis real estate market. The Minneapolis real estate market is following the example set by the national trend, which is to mean that the market is moving in a promising direction. Therefore, home prices in the region continue to rise in lieu of the constrained supply of new housing inventory. Even with the prices rising, you would expect the demand to subside, but
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on the contrary, demand remains to be strong, which shows there is an insatiable demand for housing in the region. Of importance to note, however, is that while the appreciation of house prices continues for the seventh year now, real estate in the state is incredibly affordable.
FUN FACT: DID YOU KNOW THAT IT IS MORE AFFORDABLE TO OWN A HOME IN MINNEAPOLIS THAN RENTING ONE? THE POWER IS NOW MAGAZINE | JULY 2020
