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

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

2017 Twin Cities Real Estate Outlook: Sellers in the driver seat

The Twin Cities real estate market has witnessed a fundamental shift over the past few years from a buyers to sellers market.  Inventory (i.e. the supply of homes) continues to remain very low which has resulted in price appreciation and few days on market.  In 2016 the median days on market was only 33 days,…read more