What happens when you're trying to buy a home and the competition is willing to go far above the asking price? That's the experience of a lot of first-time home buyers in the Twin Cities these days. It's a seller's market, according to industry experts, leaving many first-time home buyers out of options.
• Bye-bye starter homes: Builders not meeting biggest need in Twin Cities housing market
MPR News host Kerri Miller spoke to David Arbit, the director of research & economics for Minneapolis Area Association of Realtors and Herb Tousley, director of Real Estate Programs at the University of St Thomas.
Use the audio player above to hear the full discussion.