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MN2020 - Kitchen Table Conversations: Buying Time in the Housing Market
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Kitchen Table Conversations: Buying Time in the Housing Market

October 05, 2011 By Tom Niemisto, Video Production Specialist

The housing market is holding back our economic recovery. Consumer confidence is flat as the job market remains unstable, and yet a strong housing market has a stimulative effect on the economy and boosts job creation. It's a bit of a Catch-22.

Economic Development fellow Lee Egerstrom talked with a St. Paul homeowner in transition. After no luck in the current market, his family chose to rent out their house to buy time for the right time to sell.

 

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1 Comments:

  • Elizabeth says:

    October 5, 2011 at 12:10 pm

    What a beautiful home! I’d buy it. Fantastic summary of a hard situation, but no easy answers.