Builder Magazine just released their mid-year report on healthy housing markets around the country, and the news for our neck of the woods is excellent – the Twin Cities has been ranked the healthiest market in the country.
“1: Minneapolis-St. Paul-Bloomington Minn.-Wisc.
Health Index: 91.6
2011 Population Forecast: 3,326,400
2011 Total Building Permit Forecast: 4,511
2012 Total Building Permit Forecast: 10,118
Home prices are expected to rise 8% next year, the highest rate among the 100 largest housing markets, and a big reason that Minneapolis finishes atop our healthy markets list.
A major hub for medical technology and the headquarters for many large corporations, Minneapolis appears poised for a big rebound in housing. One reason is that employment is forecasted to grow 2.5% next year.”