Saint Paul Real Estate

The Foreclosure Market’s Affect on Renting Saint Paul Homes

Although we are seeing the following trends in Saint Paul, Minnesota, I suspect this scenario is playing out across the country.
In years past, when an investor was looking to buy a new rental property, they typically would look at multi-family properties.  With the large inventory of single family homes that are currently in foreclosure or [...]

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Average US Home Prices Will Fall by 6% More by 9/2011

Despite home prices plunging more than 27% in the last 3 years, a joint report recently issued by Fiserv and Moody’s Economy.com predicts that home prices in the US will continue to slide in 2010. The report contends that home prices will decline during the summer of 2010 with 2011 being the beginning of the [...]

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Saint Paul to Develop Mississippi River Master Plan

The City of Saint Paul has commissioned a master plan to be developed for the 17 mile stretch of the Mississippi River in Saint Paul.  This plan will help guide the City for future developments, both public and private, that are adjacent to the river.  There are currently 3,500 acres of public park lands along [...]

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More Fees and Requirements on Vacant Saint Paul Homes

The City of Saint Paul has some of the most aggressive and rigorous vacant housing regulations in the Twin Cities area.  To review:

Category 1-A homeowner must register a unoccupied home within 30 days or face a fine.  To remove it from the list requires only a $50 fee and any outstanding orders for legal occupancy [...]

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Financial Help for Homeowners Displaced by Foreclosure

New Pilot Program for Former Homeowners in Saint Paul and Ramsey, Dakota and Washington Counties
The Minnesota Home Ownership Center is pleased to announce a new pilot program that may assist families AFTER the foreclosure of their home with up to $2,500 to relocate and secure alternative housing.  Funding for this pilot program has been provided [...]

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Saint Paul Real Estate Values

According to the latest Zillow Real Estate Market Reports, Saint Paul Home values decreased by 11.6% in the fourth quarter of 2008, compared to the fourth quarter of 2007. Nationally, home values decreased 11.6% during this same period.
Home values changes for the fourth quarter 2008 in Saint Paul Neighborhoods are:

Battle Creek, Saint Paul, MN
-13.2%

Como, [...]

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Mandatory Saint Paul Rental Training

The City of Saint Paul is looking to follow St. Louis Park and Plymouth as it debates a new rental training ordinance today.  The ordinance would require that all new landlords attend a class every 2 years in order to obtain a rental license.  The training would focus on creating crime-free properties by teaching police [...]

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Saint Paul Real Estate Stats-January 2009

The stats of the Saint Paul real estate market continues to improve in some areas and not in others.  For the month of January 2009 the bright spots were:

New listings were down 2.5% from January 2008.  This reduction in new inventory helps  existing homes on the market sell.
Saint Paul Homes closed were up 7.6% [...]

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