Lawmakers introduce legislation to ease first time homebuying
Go Deeper.
Create an account or log in to save stories.
Like this?
Thanks for liking this story! We have added it to a list of your favorite stories.
Growing inflation is squeezing budgets for people across Minnesota. And even though housing prices have fallen slightly since the summer of 2022, they remain high and out of reach for many. First-time home buyers are finding themselves being left out.
The tight real estate market is made even tighter by higher mortgage rates — and if you happen to find a house you like, it might be snapped up by a corporation flipping homes into rentals.
Some DFL Lawmakers at the Capitol are trying to make home ownership more obtainable by curtailing that practice.
For perspective on this issue, MPR News host Cathy Wurzer spoke with state Rep. Michael Howard, D-Richfield, chair of the House Housing Finance and Policy committee.
Support Local News
When breaking news happens, MPR News provides the context you need. Help us meet the significant demands of these newsgathering efforts.