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Deluxe vacant-home tour: executives are the newest squattersSure, it’s no secret that the Twin Cities metro area is suffering from a serious glut of homes for sale, most of which are seeing a price drop of 10 percent this year. But did you know that, according to the most recent research from the Minneapolis Area Association of Realtors, there’s a 15.9-month supply of homes worth more than $500,000 just sitting alone and gathering dust? That’s nearly twice the 8.7-month supply of those in the median-home-price range of $190,000-$200,000. And did you know that homes worth more than a million bucks are growing the stalest of them all, totally stripped of their copper furnishings and artwork and forced to wait out the 24.3-month supply of those just as opulent as they are? MORE » |


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