How about that commute this morning? Kellogg Boulevard, from Market to the bridge was closed – as you probably noticed. They’re replacing two underground bridges so traffic was redirected to Seventh and Robert streets. At any rate, it appears there will be additional detours for the remainder of the construction project.
Let’s take a look at what else is happening here in the capital of the most awesome state in the country.
Chomp your Way through St. Paul
Ready for some April Fools Day fun? Head over to the Google map of St. Paul. In the lower left hand corner you’ll see a Pac Man icon. Click on it and get ready to escape the ghosts chasing your through the streets of St. Paul.
Marino Eccher of Pioneer Press News says that this is Google’s nod to April Fools Day.
The State’s Biggest Public Companies
The Minneapolis/St. Paul Business Journal came out with its list of the state’s largest public companies last week. Let’s take a look at the top five.
1. UnitedHealth Group Inc. – headquartered in Minnetonka, it’s no surprise that UnitedHealth Group took the top spot. It was number one last year as well. With Obamacare being mandated now, health benefits and services corporations are raking it in. Revenue for the company is $130.47 billion, which is up 6.5 percent from last year.
2. Target Corp. – Target retained the number two spot from last year’s rankings with revenue of $72.62 billion.
3. Best Buy Co. Inc. – Best Buy also retained last year’s ranking despite the fact that revenue was down almost 1 percent to $40.34 billion.
4. 3M Co. – located in Maplewood, 3M Co. was at number 4 last year as well. Revenue is up more than 3 percent to $31.82 billion.
5. U.S. Bancorp – This Minneapolis firm sat at number 5 last time and revenue has increased 1.6 percent to $21.39 billion.
Home Prices are up in St. Paul
The median sales price for a St. Paul home increased 12.8 percent from last year to $152,300. New listings were up as well, 22.3 percent.
The bad news in the real estate market statistics is that the inventory – the number of homes currently for sale – has shrunk again. With a drop of more than 5 percent, St. Paul now has a paltry 3 months’ supply of inventory.
When inventory drops below 5 months, most real estate experts claim we are in a seller’s market and the lower the figure, the stronger the seller’s market. Which means it is the ideal time to sell your home.