AgentMarkets & Economy

The housing problem Minneapolis would rather forget

Why even a strong job market couldn't stave off distress tsunami
Published on Feb 15, 2013

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Minneapolis, Minn., has proven to be a hard market to predict.

During the heart of the Great Recession, the housing market there was hard-hit yet employment remained stable. Then when the housing market in other metros started to improve post-recession, Minneapolis home prices redeflated, and, as a result, the city lags the recovery starting to happen elsewhere.