As the Twin Cities real estate market continues to recover fewer Twin Cities homeowners owe more than their home is worth. The negative equity problem for the Twin Cities is far less than in many other Midwestern markets due to the steady improvement in home prices. The decline of households with negative equity is good news for the Twin Cities and for homeowners that may be looking to sell. This is just another sign that the Twin Cities real estate market is stabilizing and improving. If you are considering selling or curious about the market value of your home check in with MyTwinCitiesRealty.com and me for all of your real estate needs.
Full Article-Buchta, J. (2014, March 8). Fewer Twin Cities homeowners underwater. Minneapolis Star Tribune.
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