An obstacle in the Twin Cities home market: prospective sellers who are effectively underwater

The Twin Cities’ real estate market is humming along by most indicators and prices in some areas are breaking records. One third of Twin Cities’ homeowners are still effectively underwater, meaning they have enough equity to cover their mortgage, but they would not be able move to another home.  This is one of the last big issues to stymie the local real estate market and the impact is broad.

Full Article-Buchta, J. (2015, November 6). An obstacle in the Twin Cities home market: prospective sellers who are effectively underwater. Minneapolis Star Tribune.

Retrieved from www.startribune.com

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