What's Happening Minneapolis?
For those curious about what the "pulse" of the city is during this housing downturn, a recent e-mail I got from the city, shows some very interesting developments. To wit:
Although the number of employed residents rose, the unemployment rate rose from 4.2% to 4.6%.
What industry has the highest average weekly wage?
Finance and Insurance at $2,803/week.
The lowest?
Accommodation and Food Trade at $350/week.
It was no surprise that the number of new construction residential permits decline sharply.
Housing sales were 13% slower than a year ago but prices were stable at $223,000.
Foreclosures and Boarded up buildings double in the last year but remain a small percentage of the over-all housing stock.
Nothing earth shattering but some good information nonetheless.
Here's a cool chart of Current Minneapolis Projects in Development.
Here's a link to the complete Minneapolis Trends Report.
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