Upper midwestern state of the United States. It is bordered by Lake Superior and Wisconsin, Iowa, South Dakota and North Dakota, and the Canadian provinces of Manitoba and Ontario.

Area, 84,068 sq mi (217,736 sq km).
Pop. (2000) 4,919,479, a 12.4% increase since the 1990 census.
Capital, St. Paul.
Largest city, Minneapolis.
Nickname, North Star State.
Motto, L’Etoile du Nord [The Star of the North].
State bird, common loon.
State flower, showy lady’s slipper or pink and white lady’s slipper.
State tree, red pine.

Minnesota is one of the nation’s largest producers of iron ore. Methods developed to use lower-grade ores such as taconite have kept production up in spite of the depletion of once rich high-grade deposits. Granite (from St. Cloud) and sand and gravel production are also among the largest in the country. Wheat, once paramount in agriculture, has been surpassed by corn, soybeans, and livestock. The state is also a leader in the production of creamery butter, dry milk, cheese, and sweet corn.

Also of great importance to Minnesota are its waterways, which have been extensively developed near industrial centers. Locks and other improvements enable Mississippi River barge traffic to pass around the Falls of St. Anthony at Minneapolis. Duluth, at the western tip of Lake Superior, has one of the busiest inland harbors in the United States; the completion of the Saint Lawrence Seaway (1959) made the city an important port for overseas trade.

*Information from Columbia Encyclopedia, Sixth Edition

The Real Estate Marketplace Glossary: How to Talk the Talk

Buying a home can be exciting. It also can be somewhat daunting, even if you’ve done it before. You will deal with mortgage options, credit reports, loan applications, contracts, points, appraisals, change orders, inspections, warranties, walk-throughs, settlement sheets, escrow accounts, recording fees, insurance, taxes…the list goes on. No doubt you will hear and see words and terms you’ve never heard before. Just what do they all mean? The Federal Trade Commission, the agency that promotes competition and protects consumers, has prepared this glossary to help you better understand the terms commonly used in the real estate and mortgage marketplace.

Click Here for the definitions of the most common real estate terms

Do you have a question about something that is not on the list?  Give me a call!

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