Something strange is happening in the Minnesota housing market, and, not surprisingly, the pandemic is the reason.
More people in the Twin Cities metro area are seeking houses away from the urban core, where they can have more space, and access to amenities, as our stay-at-home lifestyle drags on.
On top of that, lots of first-time buyers are out searching for houses — and not finding many. Sellers are getting multiple offers, often over the asking price.
At 11 a.m. Monday, host Angela Davis is joined by two industry experts who can explain what it’s like to buy a home right now, especially as prices soar and middle- and low-income people are further shut out of Minnesota’s housing market.
And as she does every Monday, she will check in with MPR News senior economics contributor Chris Farrell on the state and national economy.
We want to hear from you, too. Have you looked for a house during the pandemic? What has been your experience? Call 651-227-6000 during the 11 a.m. hour or tweet @AngelaDavisMPR to join the conversation.
Guests:
Henry Rucker is a realtor at Banneker Realty and chair of the diversity committee at Minneapolis Area Realtors, the largest local realtor association in Minnesota.
Julie Gugin is president of the Minnesota Homeownership Center, a nonprofit working to close the state’s homeownership gap.
Chris Farrell is a senior economics contributor for MPR News.
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