The rising cost of housing in Minnesota
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Whether you’re renting, trying to buy your first home, or making a move — many people are finding that affordable housing feels out of reach.
Minneapolis Federal Reserve President Neel Kashkari recently pointed to four major factors pushing up housing prices: High interest rates, rising construction costs, regulations and zoning rules, and a shortage of housing overall.
MPR News guest host Catharine Richert talks about what more expensive housing means for renters and buyers across Minnesota — and what policymakers, builders and communities can do to make housing more affordable.
Guest:
Alene Tchourumoff is the senior vice president of Community Development and Engagement for the Federal Reserve Bank of Minneapolis. Her team studies housing affordability and economic trends affecting low and moderate-income households across Minnesota.
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