Thirty-Four Trillion Dollar Women

By 2030, women in the United States are projected to control 34 Trillion Dollars in financial assets.

To put that in perspective, that number is up from 7.3 Trillion just a decade ago. According to The Currency, "Fueled by inheritance, longer life expectancies, and rising career earnings, it's more than just a financial event-it's an opportunity for women to shape the future of wealth, philanthropy, and investment."

In real estate, wealthy women are emerging as a major force when it comes to purchasing luxury real estate. Luxury realtors recently reported that 94% of women either play a significant role or are the driving force behind a real estate purchase. That reality is already shaping the landscape of what luxury buyers are looking for and will continue to evolve moving forward. Women are proving to be more practical with their focus on legacy and lifestyle, along with being cost-conscious. Metro areas that are safe, have strong infrastructures, vibrant cultural scenes, and favorable climates are where this new demographic is placing their money.

The Short Answer:

30-year mortgage rates will hover around the 6.0% range
Approximately 33% of Twin Cities Homes over $1 million are paid for in cash
Although inventory of Twin City luxury homes is still low, seller pricing is beginning to be more in line with buyer expectations.

The Local

Walser is set to open a Lamborghini Dealership in Wayzata!

The Momentum Experience

One of the many reasons the real estate market is such a fascinating subject to so many is that it is always in motion. We are constantly engaged in thoughtful conversations with our clients, friends, and colleagues about the newest and future trends, both locally and nationally.

As of late, the problem of "lack of inventory" has made its way into most conversations. When the market becomes tight, the problems are solved through non-conventional methods involving years of Experience where we have accumulated knowledge and built a network outside of the MLS and other normal methods of information. This valuable network of investors, buyers, sellers, and information creates a chain of Momentum, bringing parties together in a way that would not have otherwise been possible. We have spent over 25 years putting that Momentum into place and would be happy to show how it can work for you.

Speaking of our network, we have a number of buyers looking to purchase in the neighborhoods and areas below. Please contact us if you or anyone you know may have an idea or be able to help.

Town Homes: Portico/Minnetonka and Amesbury /Shorewood
Condos: Parkers Lake Road/Minnetonka
Rambler: Lake Minnetonka - Lower Lake $4-6 Million
Rambler: Medina/Orono/Wants a "view" - $1.5-2.0M
Rambler: Wayzata/Minnetonka/Plymouth/Long Lake - $1.0M
*Main Floor Primary is the new word on the street