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Twin Cities Housing Market Transitioning in a Positive Direction
Economist Ben Bernanke reports the Twin Cities housing market is rebounding.  Supply is dwindling as the demand is rising.  Houses are more affordable now than ever and mortgage interest rates are at all time lows.  From the 2012 National Association of Home Builders show in Orlando Florida.
The Twin Cities real estate market is experiencing a very similar transition phase in the housing market as recently reported by Ben Bernanke, Chairman of the Board of Governors for the Federal Reserve System. Ben spoke at the 2012 National Association of Home Builders International Builders' show in Orlando Florida.
He says that the economic recovery began more than two years ago, however most Americans would say that they didn't feel or experience the recovery. Particularly those Americans who's livelihood depends on the housing sector of living.
Twin Cities housing market has revealed parallel trends and conditions associated with the balance of supply and demand. For the past few years, the actual supply of single family homes greatly exceeded the effective demand of home buyers. The supply and demand ratios are reversing at a relatively blinding pace here in the Twin Cities. Numerous factors have impacted these transitions and they include: Record ... more

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