Home Buyers Discounting Bloomington As Place To Live

The Star Tribune released a study conducted by a series of surveys by local real estate agents, and the City of Bloomington results show that buyers are not gravitating towards the City.

The recent survey showed that the City of Bloomington has an image problem.   According to the study, Bloomington has older and aging housing, and low scoring schools.   Although there are conflicting views regarding the school scores, the City is losing buyers to neighboring Edina and Eden Prairie.

There is a also a growing trend for millennials to continue to renting in trendy urban areas versus being first-time home buyers in suburban Cities like Bloomington.   Businesses are also following this trend, as several large Bloomington employers have relocated to downtown Minneapolis over the past few years.

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