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Are Condos & Townhomes The Next Housing Boom?

Star Tribune Housing InfoGraphic

The Star Tribune has a good article discussing the demographic changes coming to the Twin Cities in the coming years and how cities and housing are not currently designed for the needs of our aging population.  The best explanation of the trend is found in their infographic:(image courtesy Star Tribune) So while new housing built in the last 20 years targeted larger households, the growth in households in the next 5 years is in smaller households.  But not so fast!  Currently there is a glut of townhomes and … [Read more...]

Twin Cities Affordability Hits Highest Level in Nearly 4 Years!

With the release of this week's Weekly Market Activity Report we find that the Twin Cities Housing Affordability Index hit a near 4-year high! The Housing Affordability Index takes into account interest rates, area median income, and median home sales price.  With both sales prices and interest rates falling recently, we find the Index has increased quite substantially in recent months. Interest rates remain well below 6% and there are a lot of new houses coming on the market this time of year.  While it … [Read more...]

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.