Argenta Hills Model foundation in

Kootenia’s model has the foundation in!  Looks like just in time for before the cold weather.   This is a great time of year to get a home framed up because of the moisture content from the weather can swept and shoveled off the wood rather than be soaked up by it.  That makes for fewer nail pops and seams splits in the drywall later on.



I don’t know if these photos give you a visual reference, but this basement is 12′ high!  Did you ever want to have a baseketball court in your rec room?



Housing Starts for Minneapolis-St Paul

Minneapolis / St Paul continues to pace behind last years New Housing Starts.  Data released by the US Census Bureau.   This is only for 1-unit structures and does not include apartments/condos.

September 2014 there were 655 1-unit structure starts, down 33 units from 2013.

This is reflective of the market balancing back out.  It is not going to take much of an increase in the economy to unleash the housing market’s pent up demand.  But in the meantime, we are actually sitting in a fairly healthy housing market.

Mpls Building permits 110114


Month 2014 2013
Jan 297 357
Feb 358 371
Mar 493 503
Apr 568 633
May 654 751
Jun 692 697
Jul 736 746
Aug 694 723
Sep 655 688


Minneapolis / St Paul Unemployment Rate dips to 3.6%

The Unemployment Rate in Minneapolis-St Paul-Bloomington MN-WI (MSA) was updated October 29th for September 2014.

The rate has steadily been dropping this summer and is now at 3.6%.  This is an outstanding rate, but keep in mind – this region was under 3% unemployment rate during the late 90’s and early 2000’s.

2014-05: 4
2014-06: 4.5
2014-07: 4.3
2014-08: 3.8
2014-09: 3.6

Mpls unemployment rate 103014


Minneapolis Case Shiller Index posts a .3% gain

The Minneapolis Case Shiller Index posted a .3% gain from July to August 2014 on the Seasonally Adjusted figures released by Standard & Poor’s today.  Minneapolis outperformed the 20 City Composite Index and the National Average by .1%.

Standard & Poor’s press release

Year to date Minneapolis has posted 3.9% increase compared to 5.6% of the 20 City composite.

There is a bit of lag time to this data, as we go into the fall and winter months the index will be showing a slower growth.  I would not be surprised if we see a slight dip in values as motivated sellers reduce their pricing going into the winter months.   The overall real estate market is a lot healthier than it has been in years.  It is always moving, the small adjustments are nothing to worry about as markets are always in flux.

The enormous cliff you see in the chart below is what we experienced, we will likely never experience anything quite like that again – knock on wood.

Minneapolis Case Shiller Index 10282014



Kootenia Homes begins building in Argenta Hills

tayler_ 0125I am very excited to announce that I am partnering with Kootenia Homes as their sales representative in Argenta Hills, Inver Grove Heights.

Kootenia Homes has an outstanding reputation for building high quality and detailed craftsmanship homes.  It is an honor to represent their product.

Argenta Hills is an exciting new development for those who seek privacy and panoramic views.

kootenia logo 2


Argenta_9th8th7th_Addition_9 Kootenia

I will be posting more information as the construction begins on our 2015 Spring Preview Model, so stay tuned!




Minneapolis Case Shiller Index posts a 2.09% increase

2013 was a good year for home prices in the Minneapolis/St Paul market.  The Minneapolis Case Shiller Index posted a 8.62% increase from January 2013 to October 2013.  (The totals for the entire year won’t be available until February 2014).

October posted a 2.09% increase from September to October.

We are heading the right direction!

Since it is New Years Eve 2013.  I guess I need to make my prediction for 2014.  I expect the housing market in the Twin Cities to stabilize a bit.  Interests rates will nudge up slightly slowing some of the sales, Builders will continue to add more supply to housing market holding inventory at manageable levels which will hold pricing in line.

I don’t believe we have entered into another housing bubble, and don’t believe we will.  If you drew a trend-line from 1990 to about 2000, we are roughly where that trend line would be.

12312013 minneapolis case shiller

2013-01-01  126.88
2013-02-01  128.53
2013-03-01  129.55
2013-04-01  133.35
2013-05-01  132.91
2013-06-01  131.66
2013-07-01  130.76
2013-08-01  132.24
2013-09-01  133.41
2013-10-01  135.50
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