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March 31, 2012
Minneapolis Housing Market Forecast For 2012
The Federal Reserve Bank of Minneapolis released their 2012 economic outlook for Minnesota on December 20th, 2011. In short, Minnesota rules and we can expect moderate economic growth and lower unemployment rates throughout the year. But what does this mean for the housing market, especially in the Minneapolis, St. Paul metro?Over the past few months the Minneapolis Association of Realtors has been reporting that new home listings have been on a downward trend while pending home sales have been on an upward trend. With 16,192 foreclosures in the first 3 quarters of 2011 and an estimated 4,500
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