Minot Home Building Down

Minot Home Building Down

There are 1 comment on the KMOT-TV Minot story from Apr 6, 2010, titled Minot Home Building Down. In it, KMOT-TV Minot reports that:

February`s new home sales fell unexpectedly across the nation and hit a record low in February.

Join the discussion below, or Read more at KMOT-TV Minot.

North Dakota Housing

Minot, ND

#1 Jun 8, 2010
The affordability seems to be the biggest issue when home prices increase and the average wage rate remains flat. It is something we are seeing in Minot which is a bit of a red flag. With the low mortgage rates we are seeing, the refinance market is strong, but new home purchases and purchase applications have declined since the tax credit expiration.

Drew Wierson
Prudential Preferred Properties Minot, ND
www.drewwierson.com

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