Owning your own home used to be a centerpiece of the American dream, but is that still the case? Demographics are changing in the real estate market. The recession has displaced millions of homeowners and scared an entire generation of young buyers out of the market. At least for now.
Homeownership in the U.S. hit a nearly 18-year low in the second quarter of 2013, according to the Department of Commerce. Homeownership rates declined to 65.1 percent, the lowest level since 1995.
We’ve redesigned our site to be a resource for Twin Cities homeowners, renters and investors to make the most informed decisions for navigating our real estate market.
We’ll be posting new tips and information, investment opportunities and industry trends to help our readers take full advantage of the latest developments in the real estate and housing market. The Twin Cities rental economy is more active than ever, and we’re here to bring you the latest from the front lines.