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There is so much that goes into building a new home and creating your new lifestyle, from developing the land, selecting your design and finishes, ordering the materials, managing the construction and financing your new home, plus too many items to list. Medici's Blog allows it to share it's wealth of knowledge regarding the many facets of home construction, the real estate industry and living in general.
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Forbes.com – Minneapolis 4th on List of Best Housing Bets
Posted on June 2nd, 2009
I came across this article today, which I thought you might find interesting.  Although the article is a few months old, it is still very relevant since it has a long term view of the Twin Cities market and places Minneapolis 4th on America’s List of Best Long-Term Housing Bets. Read on…
In Depth: America’s Best Long-Term Housing Bets
by Matt Woolsey
These 10 markets are the least likely to overheat and bust and the most likely to have vibrant economies moving forward.
4. Minneapolis, Minn.
Job-growth projections 2008-2017: 1.1%
Minneapolis has not experienced the same sort of booms seen elsewhere. In the most recent run-up, building activity peaked in the third quarter of 2004; this will help the market in the short term as it means less new inventory dragging down prices. The city’s real strength is its economy, which has less of a manufacturing base than most Midwestern cities and hosts a handful of multinational corporations.
Methodology: Forbes.com evaluated the country’s 40 largest Census-defined metro areas using the last 25 years of NAHB data. We examined new construction and vacancy rates to calculate historical fluctuations in supply and demand against national averages. Moody’s Economy.com provided job-growth forecasts through 2017.
For the full article please see the following link:
http://www.forbes.com/2008/12/16/cities-ten-homes-forbeslife-cx_mw_1216realestate.html
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