Twin Cities Communities

Woodbury ranked 4^th in the Twin Cities metro area in new residential home starts.  The new home building activity adds to the gains the city has made since the housing downturn and brings optimism of more increases in 2015 and beyond.  Strong schools, quality parks, commercial development and a variety of housing options have all contributed to drawing new residents.  If you are looking to build or move to Woodbury make sure to start your search with Phil and MyTwinCitiesRealty.com.

 

Full Article-Nelson, Todd. (2015, January 4 ). Woodbury among 2014 homebuilding leaders. Minneapolis Star Tribune.

Retrieved from http://www.startribune.com/

 

Single family homes values are increasing in Minneapolis, but the gains are uneven.  The citywide gains in median home value are the first increases since the prerecession peak of 2007.  The reduction in the supply of “distressed” homes has been a big factor in the median home value increase.  These gains in home value along with a trend of higher rents should help push more buyers into the market and help homeowners looking sell.

Full Article-Brandt, Steve. (2015, January 2 ). Value of median Minneapolis home recovering from recession low. Minneapolis Star Tribune.

Retrieved from http://www.startribune.com/