Insight News

Friday

May 24th

Is MN hit by 2 x 4 in housing market?

Wednesday, 22 July 2009 17:09

MINNEAPOLIS - Minnesota's housing market is not on stable ground. Even as rents stabilize and foreclosure rates decline, both renters and homeowners continue to fall behind on their house payments, according to the "2 x 4 Housing Report" released by the Minnesota Housing Partnership (MHP). MHP Executive Director Chip Halbach says the steady increase in Minnesota's unemployment rate is putting a lot of heat on families. "Times are too challenging, and too many good people have lost income and need this basic level of support. "
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