NINA MOINI: Housing prices in Minnesota and the Twin Cities metro are hitting all-time highs. The latest report from Minnesota Realtors looked at the housing market in June. It found that statewide, median home prices rose to a record high of $370,000. And in the Twin Cities alone, the median price is $401,000. That’s the first time the metro has been over $400,000.
So joining me to help understand what this means for the housing market and first-time homebuyers, and buyers in general, is Andy Babula, the director of the Real Estate program at the University of St. Thomas. Thanks for coming back on the show, Andy.
ANDY BABULA: Happy to be back. Thanks, Nina…