Shenehon Company has released the 2nd Quarter 2016 Economic and Real Estate Market Snapshot.  The report highlights the following topics:

  • U.S. economy continued to expand in the first half of 2016
  • The energy industry continues to be hamstrung by a glut of supply and tepid demand
  • Leading indicators suggest economic growth at a modest pace through at least the immediate future
  • Tighter unemployment rates are putting upward pressure on wages
  • Home sales in the Twin Cities increased by 6.2% through May and sale prices rose by 5.6%
  • Twin Cities multifamily permitting activity is down

READ ENTIRE MARKET REPORTShenehon Twin Cities Market Report – Q2 2016