Economic Signals

Interesting graph on homeownership. Shows what an anomaly the early 2000s really were. Shortage of affordable housing for new homeowners and higher mortgage rates look to be slowing things down.

In Isanti when the recovery began new homes were about $140k. Now for a similar home you are at $200k and more buyers are barely being qualified. It is a national trend. Interesting that car default rates are also at Great Recession level. Local communities better be prepared.

Yes I still keep a watchful eye on long term financial planning for communities. It’s in my DNA

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