5. The median sales price for Minneapolis area home sold in February increased by 15.5% compared to a year ago, while the inventory of homes for sale fell below a three-month supply at the current sales pace for the first time in more than a decade.
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan's Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.