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On the lookout for an reasonably priced starter dwelling within the Twin Cities? Good luck.
Twin Cities starter properties appear to be they’ve by no means been dearer. Or elusive. Final 12 months, sellers listed simply 20,000 properties reasonably priced to most first-time consumers and empty nesters. That is half of 4 years earlier and the fewest in a long time, in keeping with a Star Tribune evaluation of knowledge from Minneapolis Space Realtors. This decline coincides with rising costs for move-in properties priced above $400,000. “Each home underneath $300,000 sells earlier than we even see it,” mentioned 35-year-old father of three Robert Briggs. For years, she’s saved money for a down fee, however struggles to discover a dwelling that will not change into a…