Objects in Mirror

Minnesota Economy: Upper end "blight" in the Twin Cities housing market?

Posted at 3:57 PM on July 21, 2009 by Julia Schrenkler

MPR's Paul Tosto hosts an ongoing discussion series on Minnesota's economy. (See the MinnEcon group.) His most recent post looks at the housing market.

High end housing isn't selling in the Twin Cities. Is that just a hassle or is it creating a new kind of upscale urban blight?

In ordinary times, no one would cry over empty McMansions. But Twin Cities real estate appraiser Julie Schwartz says it's become a serious concern.

Is it? How does foreclosure on the mid to upper end of real estate affect the entire housing market? How does it affect neighborhoods currently under development?

* Join the discussion: Upper end "blight" in the Twin Cities housing market?
* Send us a photo of upper end "blight"
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July 2009
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