Are home prices in the Twin Cities going to crash?
Answered by Chris Deutsch, Founder & Editor
Licensed Minnesota Realtor #20382264 ·
The short answer
A 'crash' requires forced selling—people who MUST sell at any price. In 2008, that was subprime mortgages resetting. Today? Most homeowners have 3-4% rates and plenty of equity. They won't sell unless they have to. Inventory stays low, which supports prices. Could we see 5-10% corrections? Yes, in some segments. But 20-30% drops like 2008? The fundamentals don't support it. The Twin Cities has diverse employers, no single-industry dependency, and steady population growth. I'd bet on flat-to-slow-growth, not crash. Want it grounded in our market instead of the national headlines? Send me a text and I'll show you the local numbers.
On stage The 60-second answer
Captions on · Transcript below
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What people in this spot usually ask next.
- Myth-busting & headline checksIs now a good time to buy with interest rates where they are?Read the answer
- Selling processWhat time of year is best to sell in the Twin Cities?Read the answer
- Myth-busting & headline checksWhat's the Twin Cities real estate market like in 2026?Read the answer
- Rules & representationDo I really have to sign something before an agent can show me homes in Minnesota?Read the answer
- Timing & seasonalityShould we wait for rates to drop before we sell and move up?Read the answer
- The simultaneous buy-sellShould I sell first or buy first in the Twin Cities market?Read the answer
From the editor's desk
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