Earlier I posted the report that ranked Minneapolis/St Paul as the healthiest real estate market in the national survey. Projected home price increase of 8% in 2012 and over 10,000 new building permits forecasted.
Fox 9 News interviewed Chris Galler from the Minneapolis Area Association of Realtors to discuss this report.
It is a nice short overview of the market, and Chris Galler does a good job explaining the Jobs are the key to housing recovery and how to consumer confidence will return to housing when they feel secure in their jobs.
A lot of experts are beginning to express more optimism in the housing market and sticking their necks out a little calling that we are the bottom. I have one foot on that wagon and the other foot off, I agree if we run a straight line trajectory. My reservation is the shadow inventory, the health of Fannie Mae, and he stability of the job market.
Realtor Talks Metro Housing Market Health: MyFoxTWINCITIES.com
- Minneapolis/St Paul ranks as healthiest real estate market in the nation, 8% home price increase in 2012 (craigkamman.com)
- Twin Cities Weekly Real Estate Market Report, week ending Oct 29 2011 (craigkamman.com)