(WCCO) There is good economic news on the housing front. Nationally, home sales rose 2.9 percent from January to February, and in Minnesota, they rose 2 percent. It’s the first real sign real estate may be on the rebound.
That uptick in sales is just what sellers like Molly Evans want to hear.
“I think that’s a really positive thing especially with spring coming and the snow melting people are out looking,” said Evans.
Lower end homes in the $100,000 to $150,000 dollar range are hot right now especially in Minneapolis. So is anything a first time homebuyer might consider.
The news is not all rosy. Home sales year to year are down 24 percent nationally, but only down 10 percent in 13-county Twin Cities metro area. The homes people are having the most difficulty selling are the higher end $700,000 to $800,000 dollar homes.
Source: Terri Gruca, WCCO
