Tuesday Talk: Q & A on MN’s Uneven Housing Recovery
Minnesota 2020 and Minnesota Housing Partnership (MHP) have teamed up to explore and examine the housing recovery. What has it meant for owners and renters in Minnesota? Over the next several months, we'll release our findings in a series of articles, blogs, interactive maps, videos and online discussions.
Minnesota is experiencing an uneven recovery. In the select communities we studied, pockets of North Minneapolis and St. Paul's Eastside and Frogtown have lost nearly 60 percent of their median home values since peak prices in 2005. Examined suburban and exurban communities have lost 30-40 percent of their median value. Greater Minnesota losses vary depending on location, their communities' main industries and other factors.
Foreclosures and the home construction collapse have also led to a squeeze in the rental market, making a suitable place to live unaffordable for more low-income renters, the elderly and people with disabilities.
Today, from 8-9:30, we're kicking off the first of our discussions with Leigh Rosenberg and Chip Halbach from MHP and our Lee Egerstrom.
What's been your experience since the collapse of the market, whether you are an owner or a renter?
What policies do we need to shore up housing affordability, especially for renters, without devaluing owner occupied housing?
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