Could a bill before the Legislature solve the Twin Cities’ condo crunch? (MN)

by Editor | May 18, 2017 3:27 pm

Is Minnesota on the verge of figuring out its condo conundrum?  The imbalance in the supply of new condos and new apartments in the Twin Cities is obvious. In the midst of a continuing multifamily housing boom, most — actually, nearly all — new projects in the region feature units that are for rent, not for sale.  But is that because of still-lingering effects of the Great Recession? A market preference for renting rather than owning? Or is it — as developers and real estate professionals say — the result of a chill put on the market by state law and the courts? A bill before the Legislature may provide some answers.     Read the article…………

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