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Video: Mining for Housing in an Uneven Recovery

February 24, 2014 By Briana Johnson, Video Production Specialist

Affordable housing on the Iron Range is dependent on mining's ups and downs. While mining has been on a slight upswing since the Great Recession, the industry isn't employing the mass number of workers it did a generation ago, and the next set of layoffs are always a real threat. To hedge against uncertainty and possible layoffs, more people are opting to rent instead of buy, putting a crunch on affordable family-sized rental units. It's also created uncertainly for home prices, as the region tires to recovery from the foreclosure crisis.

 

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