Business Briefs: DL’s real estate company under new ownership; DEED says unemployment at pre-pandemic levels in Minnesota – Detroit Lakes Tribune
The Detroit Lakes real estate company changed ownership after being purchased by a longtime company realtor in April 2021.
Chris Nord, the company’s new owner, bought the business from Dave Neisen in April 2021. Nord started working at TREC in 2015 and is committed to continuing to grow the business as he did. ‘old owner.
Neisen has agreed to stay on as prime broker and will remain an “integral” part of the sales force, Nord wrote in a press release.
Nord was born and raised in Detroit Lakes and holds a Bachelor of Science in Construction Management. He also has previous experience as a project manager for a commercial contractor in the Twin Cities.
He said he hopes to implement new multimedia and technology in the company’s future listings by including free 3D tours and aerial drone footage to their customers.
“TREC is having a banner year,” Nord said. “We are currently the first commercial sales agency in the Lake District.”
North cited the Lakes Country Association of Realtors for his companies’ sales figures and also pointed out that TREC had won the 2021 Best of the Lakes real estate brokerage award for the third year in a row.
The Minnesota Department of Jobs and Economic Development revised its October unemployment percentage to 3.5%, according to a Nov. 18 news release from the agency.
The revised statewide unemployment rate, 3.5%, is the same percentage as in March 2020, before the COVID-19 pandemic began to impose stay-at-home orders and measures health mitigation to combat the virus that has affected thousands of businesses in Minnesota.
The agency said the cause of the October revision was due to people moving from unemployment to employment. However, statewide workforce participation remains lower, 67.8%, than March 2020 pre-pandemic levels of 70.2%.
“At DEED, we continue to work with unemployed Minnesota workers, helping them find work that meets their family’s needs,” said DEED Commissioner Steve Grove.
The report also pointed out that the average hourly wage for employees of Minnesotans rose to $33.43, an increase of 8.7% since September 2019.
The National Consumer Price Index (CPI), which measures inflation, said prices rose an average of 0.8% in October, totaling a 6.2% increase for the year.
Minnesota also gained 9,900 jobs in October, a 0.3% increase from September totals. For the full year, the state gained 94,455 salaried jobs, up 3.4%, according to the agency’s report.