Twin Cities Real Estate Magazine

TWIN CITIES REAL ESTATE MAGAZINE

FEATURED LISTING! 11741 35th Avenue Southeast Becker, Minnesota 55308

PUBLISHER Francine Marsolek, Broker/Owner Direct: 612.868.9344 Office: 651.797.4219 francine@nhmres.com www.nhmres.com 4669 White Bear Parkway White Bear Lake, MN 55110 MANAGING EDITOR Eric Lawrence Frazier, MBA Office: 800.401.8994 Ext. 703 Direct: 714.361.2105 eric.frazier@thepowerisnow.com www.thepowerisnow.com www.blogtalkradiocom/thepowerisnow ADMINISTRATOR Erika Reyes Office: 800.401.8994 Ext. 703 Direct: 714.361.2105 eric.frazier@thepowerisnow.com www.thepowerisnow.com WRITER Alvin Magua GRAPHIC DESIGNER Timothy Hornu CONTACT Direct: 612.868.9344 Office: 651.797.4219 francine@nhmres.com www.nhmres.com 4669 White Bear Parkway White Bear Lake, MN 55110

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TWIN CITIES REAL ESTATE MAGAZINE

CONTACT FRANCINE MARSOLEK FACEBOOK INSTAGRAM X LINKED IN WEBSITE TIK TOK YOUTUBE

TABLE OF CONTENTS

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REAL ESTATE FOR SALE

4105 2nd Street Northeast Columbia Heights, Minnesota 55421

7909 Lad Parkway Brooklyn Park, Minnesota 55443

5834 Camden Avenue North Brooklyn Center, Minnesota 55430

3550 Queen Avenue North Minneapolis, Minnesota 55412

215 Maryland Avenue West Saint Paul, Minnesota 55117

1567 Park Street Saint Paul, Minnesota 55117

3919 Lyndale Avenue North Minneapolis, Minnesota 55412

4234 Humboldt Avenue North Minneapolis, Minnesota 55412

3539 Irving Avenue North Minneapolis, Minnesota 55412

3210 Girard Avenue North Minneapolis, Minnesota 55412

4139 Irving Avenue North Minneapolis, Minnesota 55412

1683 Minnehaha Avenue East Saint Paul, Minnesota 55106

271 Hazelwood Street Saint Paul, Minnesota 55106

1261 Jessie Street Saint Paul, Minnesota 55130

1030 Hathaway Lane Northeast Fridley, Minnesota 55432

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7321 Tempo Terrace Fridley, Minnesota 55432

668 1st Avenue Northwest New Brighton, Minnesota 55112

3550 Girard Avenue North Minneapolis, Minnesota 55412

3500 Girard Avenue North Minneapolis, Minnesota 55412

988 Reaney Avenue Saint Paul, Minnesota 55106

5100 Washburn Avenue North Minneapolis, Minnesota 55430

661 Montana Avenue East Saint Paul, Minnesota 55106

4222 Irving Avenue North Minneapolis, Minnesota 55412

693 Case Avenue Saint Paul, Minnesota 55106

3530 19th Avenue South Minneapolis, Minnesota 55407

5211 Camden Avenue North Minneapolis, Minnesota 55430

4105 2nd Street Northeast Columbia Heights, Minnesota 55421

4131 Jefferson Street Northeast Columbia Heights, Minnesota 55421

13217 Mankato Street Northeast Blaine, Minnesota 55449

811 Jack Pine Court Somerset, Wisconsin 54025

3800 Aldrich Avenue North Minneapolis, Minnesota 55412

5234 Fremont Avenue North Minneapolis, Minnesota 55430

4146 Clover Avenue Vadnais Heights, Minnesota 55127

3410 Logan Avenue North 4105 2nd Street Northeast Columbia Heights, Minnesota 55421 Minneapolis, Minnesota 55412

7321 Tempo Terrace Northeast Fridley, Minnesota 55432

11741 35th Avenue Southeast Becker, Minnesota 55308

5834 Camden Avenue North Brooklyn Center, Minnesota 55430

5211 Camden Avenue North Minneapolis, Minnesota 55430

357 Maryland Avenue East Saint Paul, Minnesota 55130

693 Case Avenue Saint Paul, Minnesota 55106

REAL ESTATE ARTICLES Twin Cities, Minnesota: The Advantages of Owning a Home in the Twin Cities Minnesota: Community Spotlight: Minneapolis vs.

Saint Paul The Twin Cities Economic Diversification: A Real Estate Perspective Navigating Legal Considerations in the Twin Cities Real Estate Market

PRESS RELEASE Press Release for April 29, 2024 Press Release for April 30, 2024 Press Release for May 16, 2024 Press Release for May 16, 2024

NEXTHOME REAL ESTATE SHOW 215 Maryland Avenue West Saint Paul, Minnesota 55117

1030 Hathaway Lane Northeast Fridley, Minnesota 55432

1567 Park Street Saint Paul, Minnesota 55117

13217 Mankato Street Northeast Blaine, Minnesota 55449

1261 Jessie Street Saint Paul, Minnesota 55130

271 Hazelwood Street Saint Paul, Minnesota 55106

EDITOR’S NOTE Dear Readers, As I sit down to pen this inaugural note for our very first issue, I’m enveloped by a sense of gratitude and a vision for the future that is as vast as the Minnesota skies. This magazine is not just a collection of pages; it is a manifestation of a dream, a testament to a journey, and a beacon for the road ahead.

Reflecting on my journey, from launching NextHome Metro Real Estate Services with a philosophy of “Humans over Houses” to pioneering in the realms of television and podcasting, each step has been guided by a singular mission: to elevate the human experience within the real estate market. Our magazine is the latest branch of this growing tree, rooted deeply in the values of community, knowledge, and empowerment.

For over 21 years, I’ve navigated the vibrant landscape of real estate, fueled by a passion for making a difference in people’s lives. This passion, intertwined with a dedication to professionalism and education, has been the compass guiding my journey. The creation of this magazine is a continuation of that voyage, aiming to bridge the gap between information and inspiration, between properties and people.

Our mission is bold yet simple: to be the foremost resource for consumers and real estate agents in our beloved Greater Minneapolis-St. Paul Area and beyond. Through these pages, we will share insights, opportunities, and stories that not only inform but also inspire. From the first-time homebuyer to the seasoned investor, our magazine seeks to be your companion on every step of your real estate journey.

This publication stands as a testament to our commitment to thought leadership and community engagement. We aim to set a benchmark in the industry for how businesses can operate with heart, how we can all contribute to the betterment of our community, and how each one of us can play a part in making St. Paul, and indeed all of Minnesota, a thriving place to live and work.

Our journey here has been punctuated by milestones that each, in their own way, have contributed to the narrative of NextHome Metro. The launch of our TV show and podcast last year was a leap into uncharted territories, driven by a desire to connect, educate, and uplift. These platforms have allowed us to reach out to you, our community, in ways that were previously unimaginable.

They have opened doors to conversations, to shared experiences, and to a collective vision for a brighter future.

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As we unfold the pages of this magazine, we invite you to join us on this adventure.

Within these pages, you will find not just listings and market analysis, but stories of hope, resilience, and innovation. You will discover the heartbeat of our community, the challenges we face, and the triumphs we celebrate. This magazine is a space for us to dream together, to envision a future where everyone has a place to call home, where our community flourishes, and where real estate is about people first and properties second.

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Looking ahead, I see a landscape brimming with potential. The road may be long, and the challenges many, but the promise of what we can achieve together is limitless. This magazine is your magazine. It is a canvas for our collective dreams, a platform for our shared wisdom, and a testament to what we can accomplish when we come together with a common purpose.

As we launch this inaugural issue, I am filled with hope and excitement for the journey ahead. I am grateful for the support, the trust, and the community that has brought us here. This magazine is my pledge to you: to always put humans over houses, to strive for excellence in everything we do, and to continue to be a source of knowledge, inspiration, and support for you, our cherished readers.

In closing, I invite you to join me in this new chapter. Let us navigate the everevolving landscape of real estate together, with compassion, curiosity, and courage. Let us build a future where everyone has a place to call home, where our community is strong and vibrant, and where NextHome Metro stands as a beacon of hope, integrity, and service.

Here’s to the journey ahead. Here’s to our community. Here’s to you.

With heartfelt gratitude, Francine Marsolek Broker/Owner, NextHome Metro Real Estate Services

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Twin Cities, Minnesota: The Advantages of Owning a Home in the Twin Cities

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n the heart of the Midwest, the Twin Cities area stands as a beacon of opportunity for prospective homeowners. The allure of Minneapolis and St. Paul, with their vibrant culture, robust economy, and scenic beauty, is undeniable. Yet beyond these surface qualities lies a deeper value found in the act of homeownership within this region—a decision that carries with it a plethora of benefits, both tangible and intangible. This blog aims to delve into the myriad advantages of owning a home in the Twin Cities, offering insights that extend beyond the mere acquisition of property to encompass the enrichment of personal and community life.

1. ECONOMIC STABILITY AND GROWTH

One of the foremost benefits of homeownership in the Twin Cities is the contribution it makes to an individual’s economic stability. Homeownership is not just about having a roof over one’s head; it’s an investment in one’s future. The Twin Cities market has historically shown steady appreciation in home values, making the purchase of a home here a wise long-term investment. Additionally, being a homeowner allows individuals to build equity over time, which can serve as a financial bedrock for future plans and aspirations.

2. TAX BENEFITS AND SAVINGS

Navigating the world of taxes can be daunting, yet homeowners in the Twin Cities have the advantage of accessing several tax benefits. Property owners can deduct mortgage interest and real estate taxes from their annual tax obligations, providing significant savings. These incentives not only make homeownership more affordable in the short term but also contribute to long-term financial health.

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3. ENHANCED PERSONAL FREEDOM and mental well-being.

AND SELF-EXPRESSION 7. INVESTMENT IN THE FUTURE Owning a home offers an unparalleled level of personal freedom and space for self-expression.

Unlike renting, homeowners in the Twin Cities have the liberty to customize their living spaces to reflect their personal style and needs without the constraints often imposed by landlords.

This freedom extends from interior decorations to significant renovations and expansions, empowering individuals to create their ideal living environment.

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4. COMMUNITY CONNECTION AND STABILITY Homeownership fosters a strong sense of belonging and community. By investing in a property, homeowners become integral parts of their neighborhoods, contributing to local stability and community development. This sense of belonging can enhance personal well-being and foster connections among neighbors, leading to safer, more cohesive communities.

5. EDUCATIONAL OPPORTUNITIES

The Twin Cities are renowned for their excellent educational institutions, from primary schools to universities. Homeownership in this area ensures access to quality education, providing a solid foundation for children’s futures. The stability of staying in one location also means children can build lasting friendships and remain within consistent educational frameworks, which is beneficial for their academic and social development.

6. HEALTH BENEFITS AND WELLBEING The correlation between homeownership and health is profound. Homeowners often experience a greater sense of security and satisfaction, which can positively impact mental health. Additionally, owning a home in the Twin Cities allows for a lifestyle that includes access to outdoor activities, community resources, and a generally higher standard of living, all of which contribute to physical

Beyond the immediate benefits, homeownership in the Twin Cities is an investment in the future.

It provides a sense of security and stability that renting cannot match, offering a safe haven for families to grow and plan for the future. Moreover, the equity accumulated in a home can serve as a crucial financial resource for other significant life events, such as education, retirement, or starting a business.

In conclusion, the journey toward homeownership in the Twin Cities is laden with advantages that go beyond the surface. It’s an investment that pays dividends not only in financial terms but in the enrichment of one’s quality of life. From economic stability and tax benefits to personal freedom, community engagement, and beyond, the benefits of owning a home in this vibrant area are manifold.

As we reflect on these insights, it becomes clear that homeownership in the Twin Cities is not just about acquiring property; it’s about laying down roots in a community that offers endless possibilities for growth, connection, and personal fulfillment. In embracing homeownership, individuals open the door to a future filled with opportunity, stability, and prosperity.

Whether you’re ready to start your home search or simply have questions about living in Minneapolis or Saint Paul, Francine is here to help. Connect with Francine Marsolek today by calling her at 612.868.9344 or 651.797.4219 , visiting our website at NHMRES.com, or emailing her at Francine@mresMN.com.

Reach out today and take the first step towards making your dream home a reality in the Twin Cities.

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LIST PRICE

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4105 2nd Street Northeast Columbia Heights, Minnesota 55421

$209,900

PROPERTY INFORMATION Welcome to the epitome of cozy charm and potential! This delightful 2-bedroom, 1-bath property is a haven of comfort and possibilities. Indulge in the luxury of outdoor living with not one, but two inviting spacesa deck for sunny afternoons and a back porch for private moments of relaxation. The expansive lot surrounding the property invites endless potential for outdoor activities, gardening, or even expanding your living space in the future. Your perfect home journey begins here!

2 BEDROOM

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com 12

1 BATHROOMS

PARKING

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

2 BEDROOM 1 BATHROOMS PARKING

2 BEDROOM 1 BATHROOMS PARKING 13

LIST PRICE: $299,900

7909 LAD PARKWAY BROOKLYN PARK, MINNESOTA 55443

PROPERTY INFORMATION Great opportunity to own this 4 bedroom, 2 bath home! This home features a front porch, deck, large family room with a wet bar, and 3 bedrooms on one level. Discover this homes potential by seeing it today!

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

4 BEDROOM 2 BATHROOMS PARKING

LIST PRICE: $219,900

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5834 CAMDEN AVENUE NORTH BROOKLYN CENTER, MINNESOTA 55430

PROPERTY INFORMATION Explore the possibilities of this 3-bedroom, 1-bathroom home on a large .31 acre lot. Featuring stucco exterior, hardwood floors, and a generous upper-level primary bedroom, this property offers ample space for customization. With an eat-in kitchen and convenient proximity to freeways and the Mississippi River, this property presents an ideal opportunity. Schedule a showing today to unlock its full potential!

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 1 BATHROOM PARKING

PRESS RELEASE

NFHA STATEMENT AFTER SUPREME COURT REJECTS CHALLENGE TO CONSUMER FINANCIAL PROTECTION BUREAU FUNDING STRUCTURE FOR IMMEDIATE RELEASE May 16, 2024 Contact: Janelle Brevard | jbrevard@nationalfairhousing.org NFHA Statement After Supreme Court Rejects Challenge to Consumer Financial Protection Bureau Funding Structure Washington, D.C. — The National Fair Housing Alliance® (NFHA™) released the following statement from Executive Vice President Nikitra Bailey in response to the Supreme Court rejecting a challenge to the Consumer Financial Protection Bureau (CFPB) funding structure.

“Today’s 7-2 ruling by the United States Supreme Court is a victory for consumers and sends a resounding message once and for all that the CFPB’s legitimacy is incontrovertible. For more than two years, opponents – led by payday lenders – have steered ongoing attacks to undermine the agency’s legitimacy and efficacy. NFHA was one of the key leaders that worked to create the CFPB after the Housing Crisis of 2008 ravaged communities of color and triggered the Great Recession, resulting in a loss of $1 trillion in wealth for Black and Latino households.

Because of the impact of the crisis, NFHA played a leading role in developing the CFPB’s Office of Fair Lending and Enforcement. Time and again, the CFPB has unequivocally demonstrated the importance of its mission through groundbreaking efforts, such as enforcement actions that have provided billions of dollars in relief to millions of victims of financial abuse, robust regulations that protect consumers in today’s complex financial environment and leadingedge research that provides insights into consumer financial behavior. The CFPB has played and will continue to play an indispensable role in our communities.

“The industry giants tried to go unchecked, but today, fairness won, and that’s a victory for all people and families.” ###

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The National Fair Housing Alliance (NFHA) is the country’s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. Through its homeownership, credit access, tech equity, education, member services, public policy, community development, and enforcement initiatives, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.

https://nationalfairhousing.org/nfha-statement-after-supreme-court-rejects-challenge-toconsumer-financial-protection-bureau-funding-structure/

LIST PRICE: $189,900

357 MARYLAND AVENUE EAST SAINT PAUL, MINNESOTA 55130

PROPERTY INFORMATION Presenting a strategically positioned property in St. Paul, featuring three bedrooms, one bath, and hardwood floors awaiting personalization. Complementing the residence are a two-car detached garage and a deck, perfect for outdoor relaxation. Strategically situated near freeways and downtown St. Paul, this property offers easy access to urban conveniences and transportation hubs. With its versatile layout and scope for enhancement, it represents an appealing prospect for homeowners or investors. Unlock the potential of this property by arranging a viewing today. Explore the possibilities for customization and envision the transformation of this St. Paul gem into your ideal home or investment opportunity CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 2 BEDROOM 1 BATHROOM BATHROOMS PARKING

LIST PRICE: $209,900

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5834 CAMDEN AVENUE NORTH BROOKLYN CENTER, MINNESOTA 55430

PROPERTY INFORMATION Explore the possibilities of this 3-bedroom, 1-bathroom home on a large .31 acre lot. Featuring stucco exterior, hardwood floors, and a generous upper-level primary bedroom, this property offers ample space for customization. With an eat-in kitchen and convenient proximity to freeways and the Mississippi River, this property presents an ideal opportunity. Schedule a showing today to unlock its full potential!

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 2 BEDROOM BATHROOM 11BATHROOMS PARKING

LIST PRICE: $259,900 3550 QUEEN AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

PROPERTY INFORMATION Welcome to a rare opportunity to mold your dream home into reality! This modern residence, constructed in 2003, presents six bedrooms and two baths, providing abundant space for your needs. Offering the flexibility of a main level bedroom and the convenience of main level laundry, this home is designed for comfort. Uncover the potential of this newer built home, featuring a well-thought-out layout with five bedrooms on one level for harmonious living. Step outside onto the porch and patio, creating ideal spaces for both relaxation and entertainment. The expansive lot invites you to envision and create your own outdoor haven. Don’t miss the chance to transform this property into a personalized sanctuary.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

6 BEDROOM 2 BATHROOMS PARKING

LIST PRICE: $179,900

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215 MARYLAND AVENUE WEST SAINT PAUL, MINNESOTA 55117

WATCH NOW FOR MORE INFORMATION ABOUT THIS PROPERTY PROPERTY INFORMATION Welcome to a charming 1.5-story property offering character and potential. This home boasts a large upper-level bedroom, providing a spacious retreat. Two mainlevel bedrooms offer convenience and flexibility, making it ideal for various lifestyles.

Hardwood floors grace the interiors, adding a touch of timeless elegance to each room.

Step onto the inviting front porch and envision moments of relaxation in this cozy space. A detached 1-car garage enhances functionality and provides secure parking. This property presents an exciting opportunity to shape it into your dream home.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 1 BATHROOMS PARKING

LIST PRICE: $239,900 1567 PARK STREET SAINT PAUL, MINNESOTA 55117

WATCH NOW FOR MORE INFORMATION ABOUT THIS PROPERTY PROPERTY INFORMATION Discover the Potential in this 4-Bedroom, 1-Bath Rambler! Step into spacious living with this well-appointed 4-bedroom, 1-bath rambler. Hardwood floors add a touch of timeless elegance, guiding you through the inviting interior. The one-plus car garage provides convenience and extra space for your needs. The updated kitchen is a focal point of modern style and functionality, offering the perfect setting for culinary creations. Situated in a convenient location, this home ensures easy access to essential amenities and a lifestyle tailored to your preferences. Your dream home is ready for you to make it your owne.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 1 BATHROOM PARKING

LIST PRICE: $199,900

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3919 LYNDALE AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

PROPERTY INFORMATION Old world charm with modern amenities!! Indulge in the seamless fusion of classic elegance and modern comfort within this distinguished 2-story residence. The exterior boasts a stately presence that beckons you inside, where beautiful hardwood floors grace the main living spaces, creating an ambiance of warmth and sophistication. Entertain with flair in the formal dining room, enhanced by a French door that opens to a sunroom, flooding the space with natural light. The expansive kitchen is large, offering both style and functionality in its design. Ascend the staircase to discover three generously sized bedrooms, providing not just space, but a haven of tranquility.

CALL ME FOR www.nhmres.com INFORMATION ____________________ 3 BEDROOM FRANCINE MARSOLEK 4669 White Bear Parkway Broker | Owner | Realtor White Bear Lake, MN 55110 1 BATHROOM D: 612.868.9344 519 N Lakeshore Drive C: 651.797.4219 PARKING Lake City, MN 55014 francine@nhmres.com

PRESS RELEASE

CONGRESS MUST TAKE BROADER, SWIFT ACTION TO PROTECT PEOPLE AND COMMUNITIES AGAINST AI HARMS FOR IMMEDIATE RELEASE May 16, 2024 Contact: Janelle Brevard | jbrevard@nationalfairhousing.org Congress Must Take Broader, Swift Action to Protect People and Communities Against AI Harms Washington, D.C. — Lisa Rice, President and CEO of the National Fair Housing Alliance® (NFHA™), issued the following statement in response to the Senate AI Working Group’s report, A Roadmap for Artificial Intelligence Policy in the United States, released yesterday by a bipartisan group of senators: “We applaud Majority Leader Charles Schumer (D-NY), Senator Mike Rounds (R-SD), Senator Martin Heinrich (D-NM), and Senator Todd Young (R-IN) for taking an important first step to address the rapidly evolving AI landscape. We need this type of bipartisan collaboration to put in place proper guardrails for technologies that impact every aspect of our lives including determining whether we can secure housing, access credit, be gainfully employed, or get medical treatment.

“As I shared in my testimony last year during the Senate AI Insight Forum on High Impact AI, automated systems hold significant risks, including bias and discrimination risks, which can severely harm people. The risks are not insurmountable if the proper controls are put in place. We are pleased the roadmap acknowledges AI bias is real and notes that existing civil rights and consumer protection laws can apply to automated decision-making systems and processes.

“However, the roadmap kicks the can down the road leaving the public waiting for specific legislation to take on a host of AI-related challenges. The plan focuses heavily on enhancing national competitiveness and spurring market innovation, yet there is a conspicuous

absence in prioritizing the adoption of responsible AI principles, particularly those aimed at fostering fairness and trustworthiness in AI systems. Furthermore, the report lacks specific recommendations to guide Congress in crafting legislation to tackle a plethora of civil and human rights issues arising from the growing use of AI. Glaring omissions include detailed provisions for eliminating bias in AI systems used in credit, employment, health, education, policing, and criminal justice.

“While increasing funding for AI innovation is important, it is equally imperative that Congress adequately fund efforts to promote fairness, explainability, transparency, accuracy, and trustworthiness in AI systems. Congress must also provide sufficient funding to ensure compliance with civil rights and consumer protection laws. This is crucial since studies show unethical and biased tech harms people and communities and stifles the nation’s economic progress.

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“NFHA has long been at the forefront of working to create a fairer AI landscape. Through our Responsible AI Lab, we work to advance policy, technical, and other solutions to debias existing technologies; increase transparency and explainability for AI tools; outline ethical standards for responsible technologies; develop effective regulation; ensure AI systems have humans in the loop; and increase diversity, equity, inclusion, and belonging in the tech field.

“We urge Congress to move quickly and look forward to working with Congressional leaders to draft legislation which incorporates recommendations developed by NFHA and other civil rights groups to mitigate existing and emerging AI challenges. Doing so will ensure we do not further entrench bias within our systems and negatively impact individuals and communities while stifling the nation’s economic progress.” ### The National Fair Housing Alliance (NFHA) is the country’s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. As the trade association for over 170 fair housing and justice-centered organizations and individuals throughout the U.S. and its territories, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, wellresourced communities.

https://nationalfairhousing.org/congress-must-take-broader-swift-action-to-protect-people-andcommunities-against-ai-harms/

LIST PRICE: $169,900

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4234 HUMBOLDT AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

PROPERTY INFORMATION Welcome to a charming 2-bedroom, 1-bath haven with a delightful stucco exterior. This property radiates warmth and character, offering a cozy retreat for its fortunate occupants. Step onto the deck and envision moments of relaxation and enjoyment in the outdoor space. The convenience of a 2+ stall garage enhances practicality, providing ample parking and storage options.

Inside, discover an updated kitchen that seamlessly blends modern style with functionality, creating a culinary space that caters to your needs. Situated in a prime location, this property offers easy access to essential amenities and a lifestyle of convenience.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________

2 BEDROOM

4669 White Bear Parkway White Bear Lake, MN 55110

1 BATHROOM

519 N Lakeshore Drive Lake City, MN 55014

PARKING

WHERE YOU LIVE IS YOUR CHOICE DON’T LET ANYONE TELL YOU DIFFERENTLY. We found the home of our dreams, but the real estate agent said she thought we would be more comfortable in a different neighborhood. But I know it’s illegal to steer prospective homeowners to or from certain neighborhoods based on race or national origin. Report racial steering and put an end to it. Like we did.

SCAN HERE FOR MORE INFO

Visit hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

Fair Housing Is Your Right. Use It! 2 BEDROOM 1 BATHROOMS PARKING

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

Navigating Legal Considerations in the Twin Cities Real Estate Market

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hen it comes to buying or selling a home in the Twin Cities, Minnesota, the excitement of a new beginning or the prospect of a significant return on investment can often overshadow the intricate legalities involved. However, understanding these legal aspects is crucial to ensuring a smooth transaction and protecting your interests. This blog explores the key legal considerations you should be aware of when navigating the real estate market in this vibrant region..

UNDERSTANDING REAL ESTATE CONTRACTS 1.CONTRACT ESSENTIALS At the core of any real estate transaction in the Twin Cities is the contract. This document is the roadmap for the entire purchasing or selling process and includes critical details such as the agreedupon sale price, precise description of the property, terms of possession, and specifics on closing the deal. It’s crucial to understand every clause and ensure that all agreements are clearly documented to avoid any future disputes.

2.CUSTOMIZING CONTRACT TERMS Beyond standard clauses, buyers and sellers have the flexibility to negotiate custom terms to suit their specific needs. These might include provisions for furnishings, fixtures, or even specific repairs that need to be completed before the transaction is finalized. Engaging a real estate lawyer to review or draft your contract ensures that all personalized terms are legally sound and enforceable.

CONTINGENCY CLAUSES

Contingency clauses in real estate contracts are safety nets for both parties. Common contingencies include: •INSPECTION CONTINGENCY: Allows the buyer to have the property inspected.

If significant issues are found, the buyer can renegotiate or withdraw without penalty.

understand the differences between joint tenancy and tenancy in common. Each type of ownership affects future rights to the property, especially in cases of one owner’s death or if a relationship dissolves.

ZONING LAWS AND PROPERTY USE

1.LOCAL REGULATIONS Zoning laws in the Twin Cities can affect how a property can be used. Whether you’re looking to build a new structure or use the property for a specific purpose, it’s essential to ensure that •SALE OF PREVIOUS Home: For buyers who need to sell their current these plans are in compliance with local zoning ordinances. Ignorance of zoning laws can lead to home before finalizing the new purchase.

Understanding these clauses helps both buyers costly legal challenges and the removal of noncompliant structures. Conversely, new zoning and sellers manage their risks effectively. restrictions can adversely affect value. Staying Legal Requirements for Disclosure informed about planned changes in zoning laws 1.SELLER’S OBLIGATION can help you make strategic buying or selling In Minnesota, sellers must disclose certain decisions. information about the property’s condition and history, which could affect the buyer’s decision. Navigating Legal Waters with Confidence This includes revealing any known defects, Buying or selling a home in the Twin Cities previous damages (like water damage or mold), involves more than just choosing the right property and any major repairs. Failing to disclose such or making an offer. It encompasses a thorough information can lead to legal actions post-sale. understanding of the legal implications that govern real estate transactions in Minnesota. By focusing 2.RADON DISCLOSURE on these key legal considerations, both buyers and Specifically, in Minnesota, sellers must also inform sellers can protect themselves from unforeseen buyers about the presence of radon in the property. legal complications and ensure a legally sound Radon is a naturally occurring radioactive gas that transaction. can have serious health repercussions. Sellers must provide details of any radon testing done As the real estate market continues to evolve, and, if known, the level of radon present. staying informed about legal requirements and •FINANCIAL CONTINGENCY: Ensures the transaction proceeds only if the buyer obtains sufficient financing.

TITLE AND OWNERSHIP ISSUES 1.Clear Title Ensuring a clear title is crucial in real estate transactions. A clear title means the property is free from liens, disputes, or legal questions concerning the ownership. Buyers should insist on a title search and consider title insurance to protect against future claims.

2.JOINT OWNERSHIP CONSIDERATIONS When purchasing property with someone else,

potential changes in legislation is crucial. Whether you are a first-time homebuyer or an experienced property investor, always consider consulting with legal professionals who specialize in real estate to navigate these waters

successfully.

The journey of buying or selling a home is paved with significant legal steps. By equipping yourself with the right knowledge and professional guidance, you can undertake this journey with confidence and peace of mind.

If you’re ready to navigate the complexities of the Twin Cities real estate market, don’t do it alone.

Francine Marsolek is here to provide expert guidance and legal insight to ensure your real estate transactions are seamless and secure. Whether you’re buying your first home or selling a property, Francine is committed to safeguarding your interests. Call her today at (612) 868-9344 or (651) 7974219, email Francine@mresMN.com, or visit her website at NHMRES.com to start your journey with confidence and peace of mind. Let Francine help you make informed decisions in this dynamic market!

DIFFERENT NATIONAL ORIGINS.

SAME FAIR HOUSING RIGHTS.

It is illegal for landlords and real estate agents to deny you housing opportunities because of your ethnicity.

The Fair Housing Act prohibits housing discrimination based on national origin. If you believe you have experienced a violation of your rights, file a complaint.

Go to hud.gov/fairhousing or call 1-800-669-9777 Federal Relay Service 1-800-877-8339

FAIR HOUSING: THE LAW IS ON YOUR SIDE. A public service message from the U.S. Department of Housing and Urban Development in cooperation with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability.

“ WE DIDN’T EXPECT

HOUSING DISCRIMINATION

WOULD KEEP US FROM OUR NEW HOME.” “ As our family continued to grow, we started looking for a new home. The landlord told us he wasn’t comfortable renting to people with children because they might go to school or daycare and bring home COVID-19.”

COVID-19 inequity is real, and it shouldn’t be made worse because of housing discrimination. If you suspect housing discrimination because of your familial status, file a complaint with HUD or your local fair housing center so we can investigate it.

Go to hud.gov/fairhousing or call 1-800-669-9777 Federal Relay Service 1-800-877-8339

2 BEDROOM 1 BATHROOMS

FAIR HOUSING: THE LAW IS ON YOUR SIDE.

PARKING

A public service message from the U.S. Department of Housing and Urban Development in cooperation with the National Fair Housing Alliance.

The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability.

LIST PRICE: $199,900

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3539 IRVING AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

PROPERTY INFORMATION Introducing a captivating 1.5 story home with 3 bedrooms and 2 full baths, showcasing a stucco exterior, updated kitchen, and hardwood floors. The inviting exterior sets the tone for a warm and welcoming atmosphere upon entry. This residence is thoughtfully designed with 3 bedrooms and 2 full baths. A distinctive feature of this property is the potential for expansion in the lower level. Already framed for additional finished square footage, the lower level presents an exciting opportunity for customization, allowing you to tailor the space to your specific needs and preferences.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 2 BATHROOMS PARKING

LIST PRICE: $159,900

3210 GIRARD AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

PROPERTY INFORMATION Welcome to your dream home conveniently located in the heart of the city! This 1 1/2 story property with 3 bedrooms, 1 bath, and a 2-car garage offers a perfect blend of comfort and potential. Step inside to discover a well-designed layout and the charming front porch sets the stage for relaxation and warm welcomes.

Embrace the opportunity to personalize and transform this house into your dream home. Don’t miss the chance to make this conveniently located gem your own!

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 1 BATHROOM PARKING

LIST PRICE: $209,900

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4139 IRVING AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

PROPERTY INFORMATION Inviting 3BR, 1BA Cape Cod Home with 2-Car Garage Discover the charm of this 3-bedroom, 1-bath Cape Cod-style home. Featuring hardwood floors and a spacious kitchen, it offers a warm and welcoming atmosphere. The 2-car garage adds convenience, while the basement provides room for expansion. Embrace the potential and make this house your own.

Schedule a viewing today CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 1 BATHROOM PARKING

LIST PRICE: $219,900 1683 MINNEHAHA AVENUE EAST SAINT PAUL, MINNESOTA 55106

PROPERTY INFORMATION Presenting 1683 Minnehaha Ave E a Cape Cod style residence featuring 3 bedrooms and 2 baths. This property includes a 1-car garage, front porch, and a deck with hardwood floors dorning the interior. The inviting front porch offers a tranquil space to relax, while the deck provides an ideal setting for outdoor entertainment. There is possible potential for an upper-level expansion allows for future customization and growth, catering to your evolving needs. Situated in a convenient location, 1683 Minnehaha Ave E presents an opportunity for you to make it your own. Explore the possibilities and make this residence your canvas for refined living CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 2 BATHROOMS PARKING

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MARKET UPDATE

2 BEDROOM

FRANCINE MARSOLEK Broker | Owner | Realtor

D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

1 BATHROOMS

www.nhmres.com 4669 White Bear Parkway PARKING White Bear Lake, MN 55110

LIST PRICE: $189,900 271 HAZELWOOD STREET SAINT PAUL, MINNESOTA 55106

WATCH NOW FOR MORE INFORMATION ABOUT THIS PROPERTY PROPERTY INFORMATION Welcome to a promising opportunity in homeownership! This 3-bedroom, 1-bath home exudes potential with a non-conforming upper level bedroom, providing flexibility in usage. Nestled conveniently near freeways, this residence offers accessibility to urban conveniences while maintaining a peaceful setting. The stucco exterior adds a touch of character to the property, while the main level boasts the timeless elegance of hardwood floors. Imagine the possibilities as you explore the full, unfinished basement, a blank canvas that could be transformed into additional finished square footage, tailoring the space to your unique needs. Step outside to discover a vast, fenced yard, providing ample space for outdoor activities and future landscaping endeavors.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________

3 BEDROOM

4669 White Bear Parkway White Bear Lake, MN 55110

1 BATHROOM

519 N Lakeshore Drive Lake City, MN 55014

PARKING

LIST PRICE: $199,900

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1261 JESSIE STREET SAINT PAUL, MINNESOTA 55130

WATCH NOW FOR MORE INFORMATION ABOUT THIS PROPERTY PROPERTY INFORMATION Welcome to your cute 2-bedroom, 1-bathroom home! This house has a stucco exterior, nice hardwood floors, and a well-kept kitchen. The finished basement adds extra space for whatever you need. The yard is pretty and easy to take care of. This home is ready for new memoriescome see for yourself! Schedule a showing today and make this charming place yours CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

2 BEDROOM 1 BATHROOM PARKING

LIST PRICE: $259,900

1030 HATHAWAY LANE NORTHEAST FRIDLEY, MINNESOTA 55432

WATCH NOW FOR MORE INFORMATION ABOUT THIS PROPERTY PROPERTY INFORMATION Welcome to a unique opportunity to transform this 4-bedroom, 2-bathroom rambler into your ideal home. The breezeway leads to a private patio, seamlessly blending indoor and outdoor spaces. The attached garage offers convenience and versatility, ready for adaptation. Step into a refined main level featuring elegant hardwood floors, three bedrooms, and an expansive living area for versatile comfort and entertainment. Envision the timeless charm of hardwood floors throughout this level. Located strategically near major freeways, this residence seamlessly blends urban accessibility with residential tranquility. More than just a home, this property invites your vision to elevate the living experience.` CALL ME FOR www.nhmres.com INFORMATION 4 BEDROOM ____________________ FRANCINE MARSOLEK 4669 White Bear Parkway 2 BATHROOMS Broker | Owner | Realtor White Bear Lake, MN 55110 PARKING D: 612.868.9344 519 N Lakeshore Drive C: 651.797.4219 Lake City, MN 55014 francine@nhmres.com

LIST PRICE: $299,900

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7321 TEMPO TERRACE FRIDLEY, MINNESOTA 55432

PROPERTY INFORMATION Discover the perfect blend of space and comfort in this inviting split-level property. With 4 bedrooms, 2 baths, an enclosed porch, a fireplace, a patio, and a finished basement, this home is ready to welcome your family. In fair condition and close to schools, shops, parks, and freeways, it offers a convenient and cozy lifestyle. Picture gatherings by the fireplace, sunny mornings in the enclosed porch, and outdoor relaxation on the private patio. Schedule a viewing to turn this well-loved space into your dream home. Welcome to a lifestyle where convenience meets charm CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

4 BEDROOM 2 BATHROOMS PARKING

LIST PRICE: $279,900

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668 1ST AVENUE NORTHWEST NEW BRIGHTON, MINNESOTA 55112

PROPERTY INFORMATION This ranch-style property offers 2 bedrooms plus a non-conforming 3rd bedroom, a main-level family room, a lower-level amusement room, a fenced backyard with a patio, a fireplace, and a formal dining room. Plus, it’s conveniently located close to the freeway, providing easy access to all your daily destinations. Unlock the potential of this versatile home, and make it your own today CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110

2 BEDROOM

519 N Lakeshore Drive Lake City, MN 55014

2 BATHROOMS PARKING

Breaking Down the Numbers: The Latest Twin Cities Market Update

T

he Twin Cities real estate market is one that has seen significant growth and change over the years. From the housing crash of 2008 to a recent surge in home prices, the market has been through its fair share of ups and doawns. As we look towards the future, it’s important to examine the current state of the market and make predictions for what may come in the next few years. In this blog post, we’ll delve into the current state of the Twin Cities, Minnesota real estate market and make projections for the year 2024.

THE PRESENT STATE OF AFFAIRS Certainly, let’s dive a bit deeper into each point for a more thorough understanding while maintaining a concise format: • AVERAGE HOME VALUE IN MINNEAPOLIS: The market has seen homes appreciate to an average value of around $302,690, with a yearover-year growth of 1.3%. This modest increase indicates a stable market environment that is growing at a sustainable rate.

• TIME TO PENDING:

On average, properties are transitioning to pending status in approximately 41 days. This relatively swift movement from listing to pending suggests a healthy level of activity and demand in the market, where well-priced homes are quickly attracting buyers.

to generate competitive bidding, benefiting sellers.

• SALES UNDER LIST PRICE (AS OF DECEMBER 31, 2023): The fact that 45.8% of sales are closing below list price illustrates that while the market is competitive, there is still ample room for negotiation, especially • MARKET INVENTORY (AS OF JANUARY for buyers who are well-informed and strategic in their approach.

31, 2024): With 947 properties available for sale, the inventory reflects the market’s capacity to offer a variety of choices to prospective buyers, though it also hints at a competitive landscape for desirable homes.

NAVIGATING TRENDS AND FUTURE PROJECTIONS

• NEW LISTINGS (AS OF JANUARY 31, 2024): The introduction of 223 new listings into the market signifies a steady supply of properties. This influx is crucial for maintaining balance in the market, offering fresh opportunities for buyers, and keeping the market dynamic.

The Twin Cities real estate market is characterized by its resilience and dynamism. A closer examination of current trends and expert analysis suggests a cautiously optimistic outlook. The balance between properties selling above and below list price reflects a market that, while competitive, still offers opportunities for negotiation and value.

• MEDIAN SALE-TO-LIST RATIO (AS OF DECEMBER 31, 2023): The ratio standing at 1.000 demonstrates that homes, on average, are selling for their asking price. This equilibrium suggests a market where valuation and pricing are well-aligned with buyer expectations and market conditions.

The slight increase in home values, coupled with a relatively steady median sale-to-list ratio, indicates a market that is gradually appreciating.

This steady growth is a positive sign for both current homeowners looking to build equity and prospective buyers seeking long-term investments.

• MEDIAN SALE PRICE (AS OF DECEMBER 31, 2023): The median sale price reaching $303,752 reflects the overall financial health of the market and indicates a slight premium over the average listing price, which can be seen as a positive indicator for sellers looking to maximize their investment.

However, with the inventory levels and the pace at which homes are going to be pending, it’s clear that demand remains robust. This scenario is likely to persist, potentially leading to a gradual uptick in prices, especially if new listings do not keep pace with demand. Buyers may face increased competition, particularly for properties in desirable locations or those priced below the median range.

• MEDIAN LIST PRICE (AS OF JANUARY 31, 2024): Set at $294,930, the median list price being slightly lower than the median sale price suggests that properties, on average, are being listed at competitive prices. This strategy may be contributing to the brisk pace at which homes are going to be pending.

•Sales Over List Price (as of December 31, 2023): With 33.5% of sales exceeding the list price, this indicates that a significant portion of properties are attracting multiple offers or are priced strategically

For sellers, the current market conditions suggest that well-maintained and strategically priced properties can attract significant interest, possibly even exceeding the listing price. Nonetheless, realistic pricing remains key, as the market also shows a considerable percentage of homes selling below list price, indicating that overpriced homes may still struggle to find buyers.

CONCLUSION

In conclusion, the Twin Cities real estate market, emblematic of both stability and growth, offers a compelling narrative for anyone engaged in the property arena. By understanding the current market dynamics and anticipating future trends, stakeholders can navigate the complexities of real estate with confidence, making informed decisions that align with their long-term goals and aspirations. In this vibrant market, the key to success lies in leveraging data, insights, and trends to carve out opportunities, ensuring a prosperous journey in the Twin Cities real estate.

Are you contemplating a move to the Twin Cities, or perhaps you’re in the early stages of your home search in Minneapolis or Saint Paul? Francine Marsolek is your go-to resource for all things related to real estate in this dynamic region. With a deep understanding of the local market and a commitment to helping you find your dream home, Francine is ready to assist you every step of the way.

Don’t hesitate to reach out to Francine Marsolek for more information today by calling Direct: 612.868.9344 or Office: 651.797.4219 Visit her website at www.nhmres.com or Email Francine at: francine@nhmres.com Take that first step towards your new home or investment in the Twin Cities with Francine Marsolek by your side.

LIST PRICE: $139,900

3550 GIRARD AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

PROPERTY INFORMATION Great opportunity to own this cute 2 bedroom, 1 bath home! This wonderful home features a porch, newer kitchen cabinets, and a detached garage. This home also features a full, unfinished basement and a separate room that could be a great home office or den.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

2 BEDROOM 1 BATHROOM PARKING

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Minnesota: Community Spotlight: Minneapolis vs. Saint Paul

L

ocated along the banks of the mighty Mississippi River, Minneapolis, and Saint Paul, collectively known as the Twin Cities, stand as two of the most vibrant urban centers in the Midwest. Each city boasts its own unique charm and character, making the choice between the two a matter of personal preference based on various factors including housing affordability, amenities, school districts, and lifestyle offerings. This blog aims to shine a light on these two illustrious cities, offering a detailed comparison to help potential residents determine which city aligns best with their aspirations and lifestyle.

HOUSING AFFORDABILITY MARKET TRENDS

AND

Minneapolis: Known for its dynamic urban environment, Minneapolis offers a diverse housing market that caters to a wide range of preferences, from sleek downtown condos to charming bungalows in residential neighborhoods.

Generally, the housing prices in Minneapolis tend to be on the higher side compared to Saint Paul, reflecting the city’s strong demand driven by its robust job market and vibrant cultural scene.

However, for those seeking the buzz of city life

combined with the comforts of home, Minneapolis Minneapolis is as varied and vibrant as the city itself. The Minneapolis Public School system is presents an attractive proposition. recognized for its dedication to providing a rich Saint Paul: Saint Paul, with its rich history and educational experience, emphasizing diversity slower pace, offers a more affordable housing and inclusivity. Schools such as South High market. The city’s neighborhoods are replete School and Washburn High School have garnered with Victorian-era homes and historic buildings, acclaim for their strong academic programs and providing a unique living experience. The lower extracurricular offerings. Beyond the public school housing costs in Saint Paul make it an appealing system, Minneapolis is home to several charter and option for families, first-time homebuyers, and private schools, offering specialized curriculums to individuals seeking a more laid-back urban meet the varied interests and needs of students. environment. The blend of affordability and For those pursuing higher ––education, the character makes Saint Paul a hidden gem in the University of Minnesota, Minneapolis, stands as a beacon of research and innovation, offering a wide real estate market. array of undergraduate and graduate programs.

AMENITIES OFFERINGS

AND

LIFESTYLE Saint Paul: Education in Saint Paul is deeply

Minneapolis: Minneapolis is a haven for outdoor enthusiasts and culture vultures alike. The city’s extensive park system, including the famed Chain of Lakes, offers endless recreational opportunities, from biking and walking trails to water sports.

Additionally, Minneapolis is renowned for its thriving arts scene, encompassing a wide array of museums, theaters, and live music venues. The culinary landscape is equally impressive, with a plethora of dining options ranging from food trucks to high-end restaurants.

Saint Paul: Saint Paul takes pride in its deeprooted cultural heritage, reflected in its myriad of festivals, historic sites, and museums. The city’s slower pace does not detract from its vibrant arts and music scene, with numerous theaters and galleries dotting its landscape. Saint Paul also boasts its own set of green spaces and parks, providing residents with a tranquil escape from urban life. The city’s culinary scene is rich with diverse cuisines, offering everything from cozy cafes to ethnic eateries.

SCHOOL DISTRICTS AND EDUCATIONAL OPPORTUNITIES Minneapolis:

The

education

landscape

in

rooted in the community, with the Saint Paul Public School district leading the charge in innovative and personalized learning approaches. Schools like Central High School and Como Park Senior High School are celebrated for their commitment to academic excellence and community engagement.

Saint Paul also offers a variety of charter and private school options, including institutions with specific educational focuses, such as language immersion and STEM. Higher education is well-represented in Saint Paul, with prestigious institutions such as Macalester College and the University of St. Thomas offering comprehensive programs in a range of disciplines, fostering the next generation of leaders and thinkers.

MAKING THE CHOICE: LIFESTYLE, PREFERENCES, AND PRIORITIES Deciding between Minneapolis and Saint Paul ultimately boils down to individual preferences and lifestyle choices. For those drawn to a bustling urban atmosphere with a rich tapestry

of cultural and recreational activities, Minneapolis may be the ideal choice. Its vibrant nightlife, extensive park system, and dynamic arts scene offer a stimulating environment for city dwellers.

Conversely, Saint Paul appeals to those who cherish a sense of community and a slower pace of life without sacrificing urban conveniences. The city’s historic charm, coupled with its affordable housing and commitment to education, makes it a nurturing environment for families and individuals alike.

IN CONCLUSION Minneapolis and Saint Paul, each with their distinct personalities and offerings, stand as testaments to the diverse living experiences available within the Twin Cities. Whether you’re attracted to the energetic pulse of Minneapolis or the quaint charm of Saint Paul, both cities offer a rich quality of life and a welcoming community. As you contemplate your next move, consider not only the tangible factors like housing affordability and school districts but also the intangible qualities that make a place feel like home. In the end, the best choice is the one that aligns with your lifestyle, values, and dreams for the future.

Are you contemplating a move to the Twin Cities, or perhaps you’re in the early stages of your home search in Minneapolis or Saint Paul? Francine Marsolek is your go-to resource for all things related to real estate in this dynamic region. With a deep understanding of the local market and a commitment to helping you find your dream home, Francine is ready to assist you every step of the way.

Don’t hesitate to reach out to Francine Marsolek for more information today by calling Direct: 612.868.9344 or Office: 651.797.4219 Visit her website at www.nhmres.com or Email Francine at: francine@nhmres.com Take that first step towards your new home or investment in the Twin Cities with Francine Marsolek by your side.

OUR REAL ESTATE AGENTS WATICH MORE ABOUT LORYN. CLICK HERE

Loryn

Ferdelman Realtor

Expertise in the Twin Cities Contact Loryn on

Cell: 763.267.9851 || Work: 651.797.4219 Each office is independently owned and operated.

LIST PRICE: $79,900

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3500 GIRARD AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

PROPERTY INFORMATION Fire-Damaged Fixer-Upper with 3 Bedrooms, 1 Bath, and Fenced Yard ???

Explore the potential of this fire-damaged property, featuring three bedrooms, one bath, and a fenced yard. The front porch provides a simple entry point to this fixer-upper. The property requires rehabilitation, providing an opportunity for customization according to your preferences. The three bedrooms and one bath layout offers flexibility in redesigning the living space. Additionally, the fenced yard adds a layer of privacy and security for potential outdoor improvements.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110

3 BEDROOM

519 N Lakeshore Drive Lake City, MN 55014

1 BATHROOMS PARKING

LIST PRICE: $224,900

988 REANEY AVENUE SAINT PAUL, MINNESOTA 55106

PROPERTY INFORMATION Welcome to this two-story residence, where timeless charm meets modern comfort.

Original woodwork graces the living room and dining room, adding character to this spacious home. Boasting 1.5 baths, the upper level hosts 3 bedrooms, one of which features a covered balcony a perfect spot for morning coffee or relaxation. The expansive upper-level bath offers both a separate tub and shower, catering to your preferences. The heart of the home unfolds with a generously sized kitchen, dining room, and living room, providing ample space for gatherings and everyday living. Step outside onto the front porch and appreciate the inviting atmosphere. This residence invites you to embrace its spacious layout, original features, and the opportunity to make it your own.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________

3 BEDROOM

4669 White Bear Parkway White Bear Lake, MN 55110

2 BATHROOMS

519 N Lakeshore Drive Lake City, MN 55014

PARKING

LIST PRICE: $229,900

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5100 WASHBURN AVENUE NORTH MINNEAPOLIS, MINNESOTA 55430

PROPERTY INFORMATION Welcome to this inviting rambler, offering 2 bedrooms and 1 bath alongside a practical 1-car garage. The kitchen has been tastefully updated, blending contemporary features with timeless appeal. Discover the potential within the full basement, ready for your personal touch and creative vision. This space provides a blank canvas for customization, allowing for the creation of additional living areas, a home office, or recreational spaces. Situated on a corner lot, the property includes a fenced back yard, perfect for private relaxation and outdoor activities.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

2 BEDROOM 1 BATHROOMS PARKING

LIST PRICE: $239,900 661 MONTANA AVENUE EAST SAINT PAUL, MINNESOTA 55106

PROPERTY INFORMATION Discover the perfect blend of comfort and convenience with this 3-bedroom, 1-bath home. Boasting a full basement, this property provides ample space for storage or potential expansion. The heart of the home lies in its generous kitchen, ideal for preparing meals and hosting gatherings. The main level hosts one of the three bedrooms, offering accessibility and flexibility in living arrangements. A thoughtful addition is the 1-car garage, providing shelter for your vehicle and additional storage space.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 1 BATHROOM PARKING

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WILDFIRES DON’T CARE ABOUT YOUR RACE. BUT WHEN WE TRIED TO RENT A NEW PLACE TO LIVE, WE LEARNED THAT SOME LANDLORDS DO. When the fire came, we had to run from our home. Fortunately, we found temporary shelter. But as we started looking for a place to live, we ran into housing discrimination, which isn’t just unfair – it’s illegal. If you feel that a landlord or broker has denied you the sale, rental or financing of a home based on your race, color, religion, sex, national origin, disability or because you have children, report it to HUD or your local fair housing center.

Go to hud.gov/fairhousing or call 1-800-669-9777 Federal Relay Service 1-800-877-8339

2 BEDROOM 1 BATHROOMS

FAIR HOUSING: THE LAW IS ON YOUR SIDE.

PARKING

A public service message from the U.S. Department of Housing and Urban Development in cooperation with the National Fair Housing Alliance.

The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability.

AS COVID-19 MAKES IT

HARD FOR SOME PEOPLE TO PAY RENT, SOME LANDLORDS ARE SUGGESTING SEX INSTEAD OF RENT.

During the COVID-19 crisis, many people are struggling to pay rent. Unfortunately, some unscrupulous landlords try to force tenants to provide sexual favors in exchange for canceling or reducing rent. Sexual harassment in housing situations is illegal under the Fair Housing Act. If your landlord asks for sex or a maintenance person refuses to fix something in your apartment because you won’t provide sexual favors, that’s illegal. File a complaint with HUD and put a stop to it.

Go to hud.gov/fairhousing/sexualharassment or call 1-800-669-9777 Federal Relay Service 1-800-877-8339 If you fear for your safety, call 911.

FAIR HOUSING: THE LAW IS ON YOUR SIDE.

2 BEDROOM 1 BATHROOMS PARKING

A public service message from the U.S. Department of Housing and Urban Development in cooperation with the National Fair Housing Alliance.

The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability.

LIST PRICE: $169,900

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4222 IRVING AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

PROPERTY INFORMATION Explore this 2-bed, 1-bath property featuring a generous 2-car garage and a well-appointed kitchen. Ready for your personal touch, this home offers the perfect canvas for customization to suit your style. Conveniently located, it presents an ideal opportunity to create your dream space. Schedule a viewing to envision the possibilities CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110

2 BEDROOM

519 N Lakeshore Drive Lake City, MN 55014

1 BATHROOM PARKING

LIST PRICE: $189,900 693 CASE AVENUE SAINT PAUL, MINNESOTA 55106

PROPERTY INFORMATION Welcome to this two-story residence offering three bedrooms and two baths, where spacious living meets contemporary comfort. The large kitchen, equipped with modern amenities, becomes a culinary haven for your creations.

Discover generously sized bedrooms on both levels, providing ample space for personalization and relaxation. Ascend to the upper-level rear porch, a private sanctuary for morning coffees and sunset moments. Experience convenience with main level laundry, seamlessly integrated into your daily routine. This property presents an opportunity to shape it into your ideal home.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 2 BATHROOMS PARKING

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MARKET UPDATE

2 BEDROOM

FRANCINE MARSOLEK Broker | Owner | Realtor

D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

1 BATHROOMS

www.nhmres.com 4669 White Bear Parkway PARKING White Bear Lake, MN 55110

LIST PRICE: $199,900

3530 19TH AVENUE SOUTH MINNEAPOLIS, MINNESOTA 55407

PROPERTY INFORMATION Presenting a two-story property featuring two bedrooms, one bath, and an updated kitchen, all situated in a convenient location. This residence provides a prime opportunity for improvement, offering a customizable canvas to suit your preferences. Enhance this home to transform it into a tailored space that aligns with your requirements. The strategic improvements can be your key to creating a functional and personalized environment in this well-situated twostory dwelling. Explore the potential of a professionally crafted living space in a location that adds convenience to your lifestyle.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

2 BEDROOM 1 BATHROOM PARKING

LIST PRICE: $159,900

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5211 Camden Avenue North Minneapolis, Minnesota 55430

PROPERTY INFORMATION Discover the perfect blend of comfort and convenience with this 3-bedroom, 1-bath home. Boasting a full basement, this property provides ample space for storage or potential expansion. The heart of the home lies in its generous kitchen, ideal for preparing meals and hosting gatherings. The main level hosts one of the three bedrooms, offering accessibility and flexibility in living arrangements. A thoughtful addition is the 1-car garage, providing shelter for your vehicle and additional storage space.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

2 BEDROOM 1 BATHROOM PARKING

LIST PRICE: $279,900 11741 35TH AVENUE SOUTHEAST BECKER, MINNESOTA 55308

PROPERTY INFORMATION Great opportunity to own this well maintained twin home in Becker! The property features 2 bedrooms, 2 baths, an open floor plan, sunroom, and private patio.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

2 BEDROOM 2 BATHROOMS PARKING

LIST PRICE: $199,900

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4131 JEFFERSON STREET NORTHEAST COLUMBIA HEIGHTS, MINNESOTA 55421

Step into this adorable Cape Cod home that effortlessly combines classic charm with modern convenience. The stucco exterior gives it a timeless appeal, and inside, you’ll find updated flooring throughout the four bedrooms and two baths. The kitchen is a practical and stylish space for all your cooking needs.

Outside, a spacious deck invites you to enjoy the peaceful surroundings. The large garage is a practical addition, ideal for car enthusiasts or extra storage. This Cape Cod beauty is more than just a house it’s a cozy home that blends style with functionality. With its inviting atmosphere and thoughtful updates, it’s ready for new memories. Don’t miss your chance to call this charming property yours, where classic meets contemporary living CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________

4 BEDROOM

4669 White Bear Parkway White Bear Lake, MN 55110

2 BATHROOMS

519 N Lakeshore Drive Lake City, MN 55014

PARKING

LIST PRICE: $379,900

13217 MANKATO STREET NORTHEAST BLAINE, MINNESOTA 55449

WATCH NOW FOR MORE INFORMATION ABOUT THIS PROPERTY Refined 2-Story Haven with Endless Potential! ??? Step into elegance with 4 bedrooms and 2.5 baths. The family room seamlessly extends to a deck, creating a sophisticated space by the gas fireplace. Upstairs, 3 bedrooms offer versatility for family or a home office. The primary bedroom is a serene retreat with an ensuite bath. The finished basement adds options with an extra bedroom, an amusement room, and a rough-in bathideal for a home gym or guest suite. A spacious laundry room blends convenience with transformation potential. Seize the opportunity to elevate this space into a refined haven CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

4 BEDROOM 3 BATHROOMS PARKING

LIST PRICE: $311,000

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811 JACK PINE COURT SOMERSET, WISCONSIN 54025

Welcome Home to this wonderful ranch-style property! This great home is located on a cul de sac with a large front porch, open floor plan, 3 bedrooms on one level, and a light-filled primary bedroom with a large walk-in closet and private bath with a beautifully tiled shower and a separate soaking tub. Gain instant equity by finished the basement which is currently framed for an amusement room, bedroom, and bath.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110

3 BEDROOM

519 N Lakeshore Drive Lake City, MN 55014

2 BATHROOMS PARKING

OUR REAL ESTATE AGENTS

Nicole

Strobel ABR, CRS, SFR, CREPS, REALTOR®

NextHome Metro Real Estate Services Licensed in Wisconsin and Minnesota

Contact Nicole on

651.269.4388 Each office is independently owned and operated.

PRESS RELEASE

THE NATIONAL FAIR HOUSING ALLIANCE COMMENDS THE FEDERAL HOUSING FINANCE AGENCY’S BOLD LEADERSHIP IN PROMOTING EQUITABLE HOUSING FINANCE FOR IMMEDIATE RELEASE April 30, 2024 Contact: Janelle Brevard | jbrevard@nationalfairhousing.org The National Fair Housing Alliance Commends the Federal Housing Finance Agency’s Bold Leadership in Promoting Equitable Housing Finance Washington, D.C. — Yesterday, the Federal Housing Finance Agency (FHFA) issued several groundbreaking announcements designed to promote a fairer and more inclusive housing finance system. Specifically, FHFA announced: The creation of a new Division of Public Interest Examination, which will be responsible for supervisory oversight of FHFA’s regulated entities in the areas of fair lending, affordable housing, community development, diversity and inclusion, and consumer protection (including unfair or deceptive acts or practices). The new division will be on par with the safety and soundness examination division and will report to the Director.

The issuance of a final rule, which will codify in regulation: The fair lending oversight requirements for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks; The Equitable Housing Finance Plans (Plans) for Fannie Mae and Freddie Mac; The collection of homeownership education, housing counseling, and language preference information on the Supplemental Consumer Information Form (SCIF), which will be reported to servicers; and New requirements for the Federal Home Loan Banks to report voluntary actions taken to address barriers to sustainable housing opportunities.

Nikitra Bailey, Executive Vice President of the National Fair Housing Alliance® (NFHA™), issued the following statement regarding FHFA’s announcement: “The National Fair Housing Alliance applauds Director Thompson and FHFA for this bold

leadership. As we celebrate the 56th Anniversary of the Fair Housing Act this month, we commend FHFA’s efforts to ensure access to mortgage credit on fair terms for all creditworthy borrowers, regardless of their race, national origin, gender, disability, familial status, or other protected characteristics. Although we have made some significant strides as a society since passage of the Fair Housing Act in 1968, we clearly still have a long way to go in fully dismantling the systems that continue to perpetuate inequality in the national housing finance market.

“NFHA has long advocated for FHFA to elevate its fair lending and consumer compliance supervision on par with the safety and soundness supervision, and to ensure that Fannie Mae, Freddie Mac, and the Federal Home Loan Banks fulfill their responsibilities to promote equitable housing finance. The new Division of Public Interest Examinations reflects FHFA’s efforts to prioritize fair lending and consumer protection along with safety and soundness. Moreover, the final regulation is consistent with FHFA’s obligation under the Fair Housing Act to Affirmatively Further Fair Housing. These actions are essential to closing racial homeownership and wealth gaps that have long plagued America’s housing finance system, and they also make good business sense. The demographics of the nation are undergoing a dramatic shift, and the majority of new households formed over the next decade will be households of color. Actionable plans are critically important to support borrowers and communities of color as well as older Americans who plan to sell their homes for a comfortable retirement. FHFA’s actions will promote a robust housing market that benefits all borrowers and communities.

“Removing bias from the home purchasing process strengthens individuals, families, communities, and the economy. Research has shown that we can grow the economy by $5 trillion over a five-year period just by addressing the discrimination that targets Black consumers. Promoting a fairer home financing process will ensure people’s lives and communities are vibrant and they have access to the amenities necessary to thrive.” ### The National Fair Housing Alliance (NFHA) is the country’s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. Through its homeownership, credit access, tech equity, education, member services, public policy, community development, and enforcement initiatives, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.

https://nationalfairhousing.org/the-national-fair-housing-alliance-commends-the-federal-housingfinance-agencys-bold-leadership-in-promoting-equitable-housing-finance/

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MARKET UPDATE

2 BEDROOM

FRANCINE MARSOLEK Broker | Owner | Realtor

D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

1 BATHROOMS

www.nhmres.com 4669 White Bear Parkway PARKING White Bear Lake, MN 55110

LIST PRICE: $149,900

3800 ALDRICH AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

Discover the charm of this Cape Cod treasure featuring 3 bedrooms, 1 bathroom, and a detached 1-car garage. Nestled on a corner lot, this property offers a world of possibilities. Step inside to find spacious rooms adorned with classic hardwood floors that span the home. Two fireplaces add a cozy touch to the living areas, ensuring warmth and comfort. The ample kitchen sets the stage for culinary adventures, while the formal dining room welcomes gatherings and shared moments. An upper-level office provides a quiet space for work or creativity. Downstairs, a full basement offers additional fsf potential. Embrace the character and potential of this Cape Cod residence. Schedule a showing today and envision the lifestyle that awaits you CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 1 BATHROOM PARKING

The Twin Cities Economic Diversification: A Real Estate Perspective

N

estled in the heart of the Midwest, the Twin Cities of Minneapolis and St. Paul stand as a testament to economic resilience and diversification. This vibrant metropolitan area, known for its rich cultural tapestry and bustling business environment, offers a unique lens through which we can explore the intricate relationship between corporate growth and real estate dynamics. As home to a remarkable concentration of Fortune 500 companies, the Twin Cities presents a compelling case study on how a diversified economy shapes its real estate market. This blog explores the economic landscape of Minneapolis-St. Paul, highlighting the pivotal role played by these corporate giants and their profound impact on local real estate trends.

ECONOMIC BEDROCK: FORTUNE 500 and a competitive rental sector.

COMPANIES 3. RETAIL AND SERVICES EXPANSION:

With an increase in the workforce and disposable At the core of the Twin Cities economic vibrancy income, there has been a notable expansion in the are numerous Fortune 500 companies that span a retail and services sector. This includes everything wide array of industries, from retail and healthcare from upscale dining and shopping districts to manufacturing and financial services. Esteemed to essential services catering to the growing names such as UnitedHealth Group, Target, Best population’s daily needs. The economic stimulus Buy, and 3M have established their headquarters the Fortune 500 companies provided has thus in this region, not only bolstering employment permeated various facets of the local economy, rates but also stimulating ancillary businesses and creating a vibrant ecosystem supporting a thriving services. The presence of these corporations has real estate market. created a stable economic environment, fostering job growth and attracting talent from across the 4. INFRASTRUCTURE AND TRANSPORTATION DEVELOPMENT: nation and beyond.

The economic growth spurred by these corporations necessitates enhanced infrastructure THE RIPPLE EFFECT ON REAL and transportation networks to support the increasing population and business activities.

ESTATE Investments in public transportation, road The economic stability and growth fueled by these improvements, and utility upgrades are essential corporations have had a multifaceted impact on the to sustaining growth and ensuring the efficient Twin Cities real estate market. Here, we explore functioning of the metropolitan area. This, in turn, several key areas influenced by this corporate positively impacts real estate by making the Twin Cities more accessible and appealing to both presence: businesses and residents.

1.COMMERCIAL REAL ESTATE DEMAND: The expansion and consolidation of corporate headquarters and offices in Minneapolis-St. Paul has driven up demand for commercial real estate.

This demand encompasses a broad spectrum, from premium office spaces in downtown areas to industrial facilities on the outskirts of the cities. The resultant effect is not just an increase in commercial property values but also a spur in construction and development projects aimed at accommodating the growing needs of these conglomerates.

2. RESIDENTIAL MARKET GROWTH: The influx of professionals and their families seeking employment opportunities within these Fortune 500 companies has significantly boosted the demand for housing. This has led to a dynamic residential market characterized by diverse housing options, from urban apartments to suburban single-family homes. The sustained job market buoyancy has, in turn, supported a robust housing market, with appreciating home values

5. A MAGNET FOR TALENT AND INVESTMENT The economic diversity and stability provided by these corporations make the Twin Cities an attractive destination for talent and investment. This has a cascading effect on the real estate market, as higher demand for housing leads to a vibrant construction sector. New developments, whether residential complexes, condos, or single-family homes, are continually added to the landscape to accommodate the growing population and their varied preferences.

CONCLUSION: THE SYMBIOTIC RELATIONSHIP BETWEEN ECONOMY AND REAL ESTATE The Twin Cities of Minneapolis-St. Paul stands as a testament to the transformative power of economic diversification. The synergy between the Fortune 500 companies and the real estate market underscores a dynamic ecosystem where

economic growth and housing trends are inextricably linked. For those considering making their home in the Twin Cities, or investors looking to tap into a robust market, understanding this interplay is crucial.

As the economic landscape of Minneapolis-St. Paul continues to evolve, and so too will its real estate market, offering new opportunities and challenges alike. In this ever-changing environment, the only constant is the promise of growth and innovation potential, making the Twin Cities a compelling place to live, work, and invest.

Are you contemplating a move to the Twin Cities, or perhaps you’re in the early stages of your home search in Minneapolis or Saint Paul? Francine Marsolek is your go-to resource for all things related to real estate in this dynamic region. With a deep understanding of the local market and a commitment to helping you find your dream home, Francine is ready to assist you every step of the way.

Are you contemplating a move to the Twin Cities, or perhaps you’re in the early stages of your home search in Minneapolis or Saint Paul? Francine Marsolek is your go-to resource for all things related to real estate in this dynamic region. With a deep understanding of the local market and a commitment to helping you find your dream home, Francine is ready to assist you every step of the way.

Don’t hesitate to reach out to Francine Marsolek for more information today by calling Direct: 612.868.9344 or Office: 651.797.4219 Visit her website at www.nhmres.com or Email Francine at: francine@nhmres.com Take that first step towards your new home or investment in the Twin Cities with Francine Marsolek by your side.60 ECONOMIC BEDROCK: FORTUNE

LIST PRICE: $229,900

5234 FREMONT AVENUE NORTH MINNEAPOLIS, MINNESOTA 55430

Welcome to this ranch-style property offering 4 bedrooms, 1 bathroom, and an array of amenities that enrich everyday living. Step inside to discover hardwood floors and a sunlit living room, perfect for relaxation and gatherings. The kitchen with its thoughtful layout and adjacent dining area forms the heart of the home, while sliding glass doors open to a deck that extends your living space outdoors. Central air ensures year-round comfort, and a detached 1-car garage provides parking and storage. Below, a finished basement welcomes you with an expansive amusement room and an additional bedroom. Don’t miss the chance to explore this exceptional property - schedule a viewing today and envision the possibilities of making it your own CALL ME FOR www.nhmres.com INFORMATION ____________________ 4 BEDROOM FRANCINE MARSOLEK 4669 White Bear Parkway Broker | Owner | Realtor 1 BATHROOM White Bear Lake, MN 55110 D: 612.868.9344 519 N Lakeshore Drive PARKING C: 651.797.4219 Lake City, MN 55014 francine@nhmres.com

LIST PRICE: $235,900

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4146 CLOVER AVENUE VADNAIS HEIGHTS, MINNESOTA 55127

Nestled in Vadnais Heights, this classic Cape Cod home is a fantastic opportunity for those looking to make it their own. Featuring three bedrooms and a functional bathroom, this home is a blank canvas awaiting your personal touch. The spacious living room offers versatility for your lifestyle, and the kitchen, with granite countertops, provides a solid foundation. The deck and oversized 2-car garage add value, while the wooded lot promises tranquility.

Located near Vadnais Heights Community Park, this home offers endless outdoor activities. With your vision, you can turn this property into your dream home. Contact us today to schedule a viewing and make it yours!

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 1 BATHROOM 2 PARKING

LIST PRICE: $304,900

4105 2ND STREET NORTHEAST COLUMBIA HEIGHTS, MINNESOTA 55421

Welcome to this charming Cape Cod residence, perfectly situated to offer you the ultimate in comfort and style. This delightful home boasts a main level amusement room, hardwood floors, updated bathrooms, a generously sized yard, and a beautifully finished basement. Inside, you’ll find an inviting main level amusement room that can be tailored to your specific needs - whether it’s a cozy den, a home office, or an entertainment space, the possibilities are endless. The updated bathrooms bring a modern touch to the classic Cape Cod charm. Step outside into the expansive yard, where you can savor the joys of outdoor living. Whether you have a green thumb or simply appreciate open space, this large yard offers endless possibilities for relaxation, gardening, and outdoor activities.

CALL ME FOR www.nhmres.com INFORMATION ____________________ 3 BEDROOM FRANCINE MARSOLEK 4669 White Bear Parkway Broker | Owner | Realtor White Bear Lake, MN 55110 2 BATHROOMS D: 612.868.9344 519 N Lakeshore Drive C: 651.797.4219 Lake City, MN 55014 PARKING francine@nhmres.com

LIST PRICE: $169,900

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3410 LOGAN AVENUE NORTH MINNEAPOLIS, MINNESOTA 55412

An incredible opportunity awaits to make this expansive four-bedroom house your own! Revel in the delights of this remarkable residence, featuring a spacious kitchen, a formal dining room, a charming front porch, and a sprawling deck to unwind on. Added to its appeal is a sizable two-car garage, three upperlevel bedrooms, and a convenient main-level bedroom. Don’t hesitate this chance is sure to slip away soon!

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

4 BEDROOM 1 BATHROOM PARKING

LIST PRICE: $319,900

7321 TEMPO TERRACE NORTHEAST FRIDLEY, MINNESOTA 55432

Discover the perfect blend of space and comfort in this inviting split-level property. With 4 bedrooms, 2 baths, an enclosed porch, a fireplace, a patio, and a finished basement, this home is ready to welcome your family. In fair condition and close to schools, shops, parks, and freeways, it offers a convenient and cozy lifestyle. Picture gatherings by the fireplace, sunny mornings in the enclosed porch, and outdoor relaxation on the private patio. Schedule a viewing to turn this well-loved space into your dream home. Welcome to a lifestyle where convenience meets charm CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com 78

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

4 BEDROOM 2 BATHROOMS PARKING

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OUR REAL ESTATE AGENTS

Lisa

Zumda Realtor

Contact Lisa on

810.357.8404 Each office is independently owned and operated.

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LIST PRICE: $159,900

5211 CAMDEN AVENUE NORTH MINNEAPOLIS, MINNESOTA 55430

Explore the charm of this inviting 2-bedroom, 1-bath home boasting a fenced yard and a spacious 2-car garage. The recently updated kitchen adds a modern touch, making it a functional and stylish space. What sets this property apart is the framed basement, offering a head start for anyone looking to expand and finish the space to their liking. With a vinyl exterior, maintenance is a breeze, ensuring long-lasting appeal. While this home may need a touch of your personal flair, it presents an excellent opportunity to create a space that truly reflects your style without the need for immediate renovations. Discover the potential within this cozy residence by scheduling a viewing. Embrace the chance to make this house your own and transform it into a comfortable haven with a few personalized touches. Don’t miss out on the possibilities that await in this 2-bedroom gem.

CALL ME FOR www.nhmres.com INFORMATION ____________________ 2 BEDROOM FRANCINE MARSOLEK 4669 White Bear Parkway Broker | Owner | Realtor White Bear Lake, MN 55110 1 BATHROOM D: 612.868.9344 519 N Lakeshore Drive C: 651.797.4219 Lake City, MN 55014 PARKING francine@nhmres.com 80

LIST PRICE: $189,900

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693 CASE AVENUE SAINT PAUL, MINNESOTA 55106

Welcome to this two-story residence offering three bedrooms and two baths, where spacious living meets contemporary comfort. The large kitchen, equipped with modern amenities, becomes a culinary haven for your creations.

Discover generously sized bedrooms on both levels, providing ample space for personalization and relaxation. Ascend to the upper-level rear porch, a private sanctuary for morning coffees and sunset moments. Experience convenience with main level laundry, seamlessly integrated into your daily routine. This property presents an opportunity to shape it into your ideal home. Welcome to a residence with promise and the space to bring your vision to life.

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com ____________________ 4669 White Bear Parkway White Bear Lake, MN 55110 519 N Lakeshore Drive Lake City, MN 55014

3 BEDROOM 1.5 BATHROOM PARKING 81

PRESS RELEASE

NATIONAL FAIR HOUSING ALLIANCE RESPONDS TO OMB’S RFI ON AI PROCUREMENT IN GOVERNMENT FOR IMMEDIATE RELEASE April 29, 2024 Contact: Janelle Brevard | jbrevard@nationalfairhousing.org National Fair Housing Alliance Responds to OMB’s RFI on AI Procurement in Government Washington, D.C. – Today, The National Fair Housing Alliance (NFHA) submitted a response to the Office of Management and Budget’s (OMB) Request for Information (RFI) on Responsible Procurement of Artificial Intelligence in Government. The request seeks input from various stakeholders on how to strengthen and incentivize market competition in the AI procurement process to combat monopolization, and how to incorporate risk management requirements to enforce the responsible acquisition and use of AI systems in the federal government. The request follows the finalized OMB memorandum directing agency executives to implement and comply with the minimum risk management requirements for AI, ensuring safety and safeguarding rights impacts.

NFHA’s response addresses the following issue areas: 1.The respective responsibilities of the vendor and the adopting agency in testing, evaluation, and impact assessments.

2. Establishing accountability through a clear and standardized set of transparency requirements.

3. Considering existing tensions and incentives within the public-private actors that may challenge the integral process of implementing responsible AI solutions.

4. The importance of developing standardized reporting tools and assessment templates to ensure compliance.

5. Emphasizing the need for detailed and accessible transparency in AI development

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and testing, rather than imposing restrictive benchmarks that may not be domain applicable or appropriate.

6. Building AI expertise within the agency to ensure vendor compliance.

7. Designing procurement actions to ensure that AI systems in the government protect privacy, civil rights, and civil liberties.

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NFHA applauds OMB’s diligent efforts in engaging a wide array of stakeholders to procure AI systems responsibly for government use. “Their focus on addressing major procurement challenges, particularly market competition and risk management, is crucial for responsibly mitigating, managing or avoiding risks of adverse consumer outcomes and unstable marketplaces that come with the procurement of third-party AI solutions and data,” says Michael Akinwumi, NFHA’s chief responsible AI officer.

The questions posed in the OMB’s RFI effectively highlight essential considerations for creating detailed procurement guidelines. These guidelines are designed to foster market participation and implement stringent risk management measures in alignment with the latest OMB directives on AI governance, which emphasize the minimum requirements for safety and rights-impacting AI within federal agencies. “OMB’s initiative to require precise testing and evaluation protocols for both vendors and agencies sets a standard of accountability for developers and deployers. This emphasis is essential in ensuring that AI technologies are safe, secure and trustworthy,” says Lusine Petrosyan, AI policy researcher at NFHA. We support the ongoing initiatives to mitigate risks and enhance the benefits of AI, highlighting the importance of equity and civil rights in the OMB’s guidance to promote safe and fair AI systems that prevent algorithmic bias. ### The National Fair Housing Alliance (NFHA) is the country’s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. Through its homeownership, credit access, tech equity, education, member services, public policy, community development, and enforcement initiatives, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.

https://nationalfairhousing.org/national-fair-housing-alliance-responds-to-ombs-rfi-on-aiprocurement-in-government/

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TWIN CITIES

REAL ESTATE TV SHOW

FRANCINE MARSOLEK Watch & Listen on

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Realtor | Owner | Broker 85

NEW LISTING SHORT OF Francine Marsolek | Twin Cities Real Estate Show -PART 1 This stunning home boasts beautiful hardwood floors throughout the main level, featuring three bedrooms and a Breezeway connecting the attached garage to the kitchen. The finished basement adds extra charm, offering a family room, bedroom, and bath.

NEW LISTING SHORT OF Francine Marsolek | Twin Cities Real Estate Show -PART 2 261 Jesse Street is the address you want to remember. Priced at just $199,000, this is the perfect starter home for first-time buyers. Plus, it’s conveniently situated within walking distance to parks and near 35E, ensuring an easy commute to downtown Minneapolis or St. Paul.

NEW LISTING SHORT OF Francine Marsolek | Twin Cities Real Estate Show -PART 3 Today, Francine Marsolek is thrilled to present an amazing listing located at **13217 Mano Street Northeast in Blain, Minnesota**. This four-bedroom, two-and-a-half-bathroom home boasts a spacious lot with a deck and a finished basement ready for your personal touch. With plumbing and electric already done, it’s almost move-in ready!

NEW LISTING SHORT OF Francine Marsolek | Twin Cities Real Estate Show -PART 4 Today, Francine Marsolek, is thrilled to present an incredible listing located at 1567 Park Street in St. Paul. This charming home is listed at $239,900 and has so much potential!

NEW LISTING SHORT OF Francine Marsolek | Twin Cities Real Estate Show -PART 5 Conveniently situated close to 35E for an easy commute to downtown St. Paul or Minneapolis, this 1925-built property exudes charm with its original woodwork, hardwood floors, and a quaint front porch.

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NEW LISTING SHORT OF Francine Marsolek | Twin Cities Real Estate Show -PART 6 Priced at $299, this home is a fantastic opportunity for first-time homebuyers or investors. Built in 1920, it offers three bedrooms, two baths, and a ton of potential. Imagine the possibilities with the huge upper level that could be finished in the future.

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NEW LISTING SHORT OF Francine Marsolek | Twin Cities Real Estate Show -PART 7 With stunning hardwood floors on the main level and an updated kitchen, this home is ready to impress. Plus, the full unfinished basement presents endless possibilities for customization.

Homebuyers Seminar with Francine Marsolek | Part 2 n the webinar,Francine Marsolek Realtor from NextHome Metro Real Estate Services Company will share information, resources and strategies to help you purchase a home with little to No Money Down. Eric L. Frazier, SVP of National Sales and Residential Bancorp BM of Bancorp, will share information about many different financing options and guidelines to purchase a home as a first-time homebuyer, Move-up buyer or investor.

Homebuyers Town Hall Twin Cities Market Update With Francine Marsolek -Episode 1 Francine Marsolek explores the hot Twin Cities market, characterized by low inventory and rising prices.

She reveals that total sales in March declined by 19.9% compared to last year, along with a 23.7% drop in new listings. Despite higher interest rates, selling now offers great opportunities with multiple offers and prices exceeding the list price.

Homebuyers Town Hall Twin Cities Market Update With Francine Marsolek Episode-2 In this episode part-2, discover Pain Pal’s program to replace lead pipes and ensure safe drinking water in the city. Learn how you can participate in the 10-year plan at no cost. Don’t miss our upcoming community event, a dog wash in White Bear Lake, supporting Little Bricks Charity and Coco’s Heart Dog Rescue. Find out more at bricks4bricks.com and dogrescue.org.

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MARKET UPDATE

FRANCINE MARSOLEK Broker | Owner | Realtor 88

D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

www.nhmres.com 4669 White Bear Parkway White Bear Lake, MN 55110

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D: 612.868.9344 C: 651.797.4219 francine@nhmres.com

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