Recent research shows that the Twin Cities real estate market does not follow the pattern of other major metropolitan areas. Unlike many markets, median home prices do not decrease in correlation to the distance from the area job cores of downtown Minneapolis, downtown St. Paul, and the Bloomington strip.
Barry Cattadoris, a Gustavus Adolphus College junior from Brooklyn Park, analyzed housing prices and found that median income and home ownership rates have more impact on value than the distance from downtown.
Cattadoris will present his research in the Capitol Rotunda from 10 a.m. to 1 p.m. on Thursday (Feb. 3) along with student researchers from ten other Minnesota private colleges and universities.
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