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. Minneapolis is often perceived as a white-collar town, as five Fortune 500 corporations plus a host of medical device companies and healthcare firms maintain their headquarters there. United Healthcare, which is the largest healthcare insurance company in the U.S., is based in Minneapolis and it kept hiring and expanding throughout the recession, according to Herb Tousley, director of the Shenehon Center for Real Estat...
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