Real Estate Week in Review
Newsweek released its top 500 high schools in the nation, and 10 Minnesota schools have made the list (“10 Minnesota High Schools Make Newsweek’s Top 500,” WCCO, Aug 19). Based on their rankings and criteria, Edina High School is the top school in Minnesota and #71 nationally. Other cities include Orono (#101) with 100% graduation rate and 95% of those students attending college, Wayzata at 150 and Eagan at 197, and Minnetonka (292), Stillwater (326), Mound-Westonka (400), St. Anthony Village (403), Lakeville North (417) and Prior Lake (463).
Money Magazine also released its list, of Best Small Cities to live, with Chanhassen coming in at #7 (“Minnesota cities rank high on Money magazine’s best small places to live” Minneapolis-Saint Paul Business Journal, Aug 19). Other cities on the list include Rosemount and Edina (at #12 and #15).
US rental costs continue to rise, reports the Associated Press (“US home rents surge 4.2 percent from a year ago; apartment demand shows shift from ownership,” Fox Business, Aug 26). Minneapolis was named as one city in which rents are rising, along with home affordability, creating an ideal time for renters to consider purchasing.
In the Twin Cities region, new listings are up from one year ago, while pending sales continue to trend above this time last year. Both are up this past week, while overall inventory is down, indicating a great time to list your home.