Real Estate Consulting & Sales | Residential + Commercial

Affordability Waning as New Construction Prices escalate in the Twin Cities

A newly released report by the Housing Affordability Institute stresses what I’ve been researching for year; Twin Cities new construction costs are higher than many other metropolitan areas across the country.  Yes we live in a cold climate that requires increased costs for energy efficiencies; but the underlying factor is it cost more to build…read more

Get out and Vote! Red vs. Blue and the Housing Market

One of the most important mid-term elections of our life-time is Tuesday November 6th….so please get out and vote!  I have reposted an interesting article from Realtor.com comparing the housing market by county and by political leaning.  Interesting read. Red vs. Blue America: How the Nation’s Real Estate Divide Could Determine the Midterm Elections By…read more

Summer Mortgage Rates Declining Again

After increasing for much of 2018 due to the strong economy; mortgage rates have stabilized and have declined recently.  Despite the Federal Reserve raising the benchmark earlier in June, mortgage rates have not followed.  The Federal Reserve has hinted at two more increases in 2018 as they seek to normalize rates with the strong economy. …read more

Twin Cities New Construction Among Highest in the U.S.

The Mullins Group is often asked, “why is new construction so expensive” compared to other Metro Areas?  There isn’t one reason; but a multitude of reasons why housing is so pricey in the Metro Area.  A few  of the reasons include:  land costs, Met Council MUSA line, over-the-top building code changes, impact fees from local…read more

Townhomes are back!

After being dormant for years, new townhome construction is once again gaining ground.  Prior to the recession, about 50% of all new construction was in the condominium and townhome sector.  However, the recession and economic slowdown resulted in new multifamily construction to come to a halt.  Single-familily homes dominated at buiders purchased bank-owned lots and…read more