Federal Reserve Bank spokespeople talk recent housing crunch in North Dakota
Rising housing costs are hitting North Dakotans from both sides — whether they rent or hold a mortgage — and local leaders are trying to untangle why. At a Bismarck meeting this week, city officials, lenders, and housing advocates heard new analysis from the Federal Reserve Bank of Minneapolis. Their point: interest rates aren’t the whole story. North Dakota needs more variety in the homes it builds, especially at attainable price points. And with healthier rental vacancies emerging, communities may finally have room to rethink what a balanced housing market looks like. Joel Porter with KX News has the full story.
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