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Rising home prices and mortgage rates in Minnesota are making homeownership harder, especially for first-time buyers.
Rising home prices and higher mortgage rates in Minnesota are making homeownership more difficult for many residents, particularly first-time buyers.
Despite steady demand, affordability has declined sharply due to increased construction costs and limited housing inventory.
Experts warn that these trends could lead to longer wait times for home purchases and increased financial pressure on existing homeowners facing higher property taxes and insurance premiums.
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El aumento de los precios de las viviendas y las tasas hipotecarias en Minnesota están haciendo más difícil la propiedad de la vivienda, especialmente para los compradores primerizos.