minneapolis home buying: Homebuying Market in Minneapolis, Minnesota
- 04/23/08 06:24 AM
The Homebuying Market in Minneapolis Despite recent concerns in the housing market sound opportunites are still available for qualified homebuyers. With new FHA guidelines qualifications have never been easier! Although there can be substantial variation even within neighborhoods, housing affordability is improving in the Minneapolis metrolpolitan area.
HOME PRICES IN THE MINNEAPOLIS AREA Minneapolis home prices have averaged a 5.2% annual rate of increase over the past 21 years. The average home price in Minneapolis declined 2.6% in 2007, the first decline in at least the last twenty one years. During that time, price increases have ranged from .7% increase in 1990 to 13.6% (0 comments)