The Minnesota Housing Partnership just released their latest version of their "2x4" Report and there are some important takeaways: 3.1% The vacancy rate of of rental units in the Twin Cities - the lowest since 2001 and well under the "balanced market" level of 5%. Vacancy rate was over 7% just 18 months ago. $916 Average rent, up for the last 3 straight quarters. 13% Percentage of renters in non-luxury units with past due rent - down from approximately 24% in Q2 2009. 6% Percentage of mortgages in Minnesota that … [Read more...]
House/Condo/Townhome Rentals Coming Soon to Twin Cities MLS
August 2, 2010 by Leave a Comment
The Minnesota Association of REALTORS is preparing to release standardized forms to allow REALTORS in all of Minnesota to more easily represent both landlords and prospective tenants in leasing situations and simplify transactions across different brokerages. Further, for those REALTORS serving the St. Cloud, Twin Cities and Western Wisconsin areas, NorthstarMLS is putting the final touches on the computer systems that will permit its members to easily enter for-rent properties into the MLS for searching by other … [Read more...]
