Minnesota Real Estate News

Riverfront condos are an economic boon that have been controversial in nearby cities — is Winona next? (Winona Daily News) - For Al and Anne Koenig, what’s outside their condominium overlooking the Mississippi River means as much as what’s within its walls.
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Local economy: Hope for best, plan for worst (Mankato Free Press) - Executives up and down the Minnesota River Valley are looking for efficiencies, creative approaches and ways to maintain and even grow as 2009 begins.
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An attractive option for simple, savvy retirement savings? (Finance and Commerce) - They’re called “target-date funds,” and for Americans seeking an easy, low-maintenance way of saving for retirement, they’re the closest thing around to a panacea.
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Banks have money to loan, but many tightening criteria (Minnesota Public Radio) - There's a public perception that banks are short on cash for loans to businesses and individuals. But many Minnesota banks say they have plenty of cash to lend out, as long as borrowers can meet stricter lending guidelines.
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Money pit or potential home? (Minneapolis-St. Paul Star Tribune) - Under Stephanie Gruver's sharp eye, the North Side's foreclosed houses win a new lease on life -- or a death sentence. She works for the Greater Metropolitan Housing Corp. to help get the houses ready.
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Realtor Shel Hoffman's focus was on the bright side (Minneapolis-St. Paul Star Tribune) - An eternal optimist, Hoffman was a pioneer of the Minneapolis riverfront condominium market.
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Some financial reasons to feel good about '09 (KARE 11 Minneapolis-St. Paul) - With its buyouts and bailouts, this will long be remembered as a year of economic messes. But '09 may be as good as '08 was bad.
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Bloomington Council adopts tax, spending plan for 2009 (Bloomington Sun-Current) - The Bloomington City Council has adopted a property tax levy for 2009 of just over $43 million, an increase of approximately 3 percent from 2008.
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Range housing takes smaller hit (Mesabi Daily News) - VIRGINIA — Realtors across the country probably saw the economic downturn that has gripped the U.S. coming from a mile away. When the real estate market bubble burst the flood gates were opened.
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Commercial real estate bleak in ’08, but a lucky few continue to expand (Finance and Commerce) - Few people in the commercial real estate business will have fond memories of 2008. Overall, the industry is in the midst of the worst slump it’s seen since the bleak days of the early 1990s. Development has slowed to a crawl. Significant lease deals are few and far between.
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