1031 Exchange Minnesota The housing market is on the rise in various parts of the U.S. Minnesota is seeing a roll in home sales, encouraging the real estate industry. The Twin Cities’ housing value gains and its overall affordability makes the Minneapolis, Minnesota, real estate market an attractive option. Why should I do a 1031 Exchange in MN? Let’s find out the top 5 reasons for investing in a 1031 Exchange in Minnesota –

The economy is witnessing steady gains Minnesota’s growing economy is heading to a low jobless rate than the national average. Better employment opportunities are boosting the housing market and resulting in more real estate investments in the area. Investments in the state’s private sector coupled with the high rate of consumer spending are promoting economic activity in MN.

Employment rates are high Due to increased consumer demand, job opportunities are at an all-time high. Minnesota is an attractive option for millennial job seekers. As per the U.S. Bureau of Labor Statistics, Minnesota has plenty of opportunities to offer millennials at health care providers and tech firms.

Jobs in a variety of industries Minnesota’s local economy profits from a wide range of industries, from technology to financial services to retail. In Minneapolis, companies are confident about expansion and look forward to increasing investments in equipment and machinery. Target, 3M, and Cargill are also headquartered in Minneapolis. With the economy growing, employers based in the Twin Cities could hire more.

Best university and schools Minnesota has an excellent housing market for young families looking to move for the region’s spectacular universities and schools. Minnesota features educational institutions like the Carleton College and the University of Minnesota, resulting in increasing demand for rental housing.