It’s been a frustrating early spring real estate market for house hunters in the Twin Cities. Minnesota Association of Realtors Executive Director Chris Galler says there’s usually more for sale by this time in March.
Home sales are at their highest level in three years according to new national figures released on Thursday. In Minnesota, the big story remains the lack of homes on the market.
Just-issued figures for 2011 are showing signs of recovery in Minnesota’s housing industry, with good news for buyers and sellers.
As if there wasn’t enough bad economic news, some bankers are predicting the housing crisis could last until 2020.
The pessimistic outlook comes from a study the FICO company, which tried to predict consumer behavior, recently released.
Minneapolis home prices are at the lowest levels in nearly four years, according to the Standard and Poor’s Case Shiller Index.