During the state shutdown, the Commerce Department isn't processing licenses and renewals for some real estate professionals-which is leaving some without work and keeping new agents from entering the field. And an extended shutdown would have a much larger impact, which could be felt by homeowners and prospective buyers.
Real Estate + Development
According to a new real estate report, Red Wing is the most expensive Minnesota housing market, and Owatonna is the least expensive; with an average listing price of $329,782 for a four-bedroom, two-bathroom home, St. Louis Park is the most-expensive market within the Twin Cities metro area.
Block E owner Alatus claims that the development would generate about $125 million in annual gaming tax revenue for the state and create more than 2,400 jobs. But a state law currently prohibits casinos outside of Native American reservations, and the Minneapolis mayor says he opposes more gambling in Minnesota.
Home sales in November were down 39 percent from last year-when numbers were inflated due to the expiring homebuyer tax credit-but they were consistent with 2007 and 2008 levels.
Debt counseling service Auriton Solutions benefits from independence, federal program.