In 2022, the number of home sales in the Twin Cities fell by double digits. Mortgage rates doubled in the final six months of the year. And yet housing prices around the metro area grew by double digits over the previous five-year average.
David Arbit, the director of research for the Minneapolis Area Realtors, discusses the current status of the housing market and shares his thoughts on its future.
David Arbit, director of research for Minneapolis Area Realtors, talks about the current housing market, comparisons to the Great Recession and his thoughts on the future.