The Minnesota Housing Partnership just released their latest version of their "2x4" Report and there are some important takeaways: 3.1% The vacancy rate of of rental units in the Twin Cities - the lowest since 2001 and well under the "balanced market" level of 5%. Vacancy rate was over 7% just 18 months ago. $916 Average rent, up for the last 3 straight quarters. 13% Percentage of renters in non-luxury units with past due rent - down from approximately 24% in Q2 2009. 6% Percentage of mortgages in Minnesota that … [Read more...]