Less distressed housing affecting residential home prices

According to the Minneapolis Area Association of Realtors, foreclosed and short sale housing inventory will have less of an affect on home pricing this year.

"This spring, investors are expected to play a less dominant role since there are fewer attractive bargains to be had. This allows room for younger families and individuals fed up with rent hikes. The affordability picture has come down but remains attractive, pressured by rising but not fully recovered prices and slightly higher rates. Despite some inventory shortages, several local markets are in balanced territory heading into the peak selling season."

Investors, who have bought distressed property in the past, are finding exceedingly difficult this year, click on Twin Cities Foreclosed and Shortsale for more detailed information.