Community Dividend

Minneapolis Fed releases Housing Market Index report

Published January 31, 2014  | January 2014 issue

A new Community Development Paper from the Federal Reserve Bank of Minneapolis uses locally produced, parcel-level data to provide a block-by-block picture of the housing market in North Minneapolis, the portion of the Ninth Federal Reserve District that was hit hardest by the recent foreclosure crisis. Housing Market Index: A Block-Level Analysis of the Housing Market in North Minneapolis evaluates each residential block in the 12 neighborhoods of North Minneapolis through a combination of four variables: value retention, owner occupancy, physical condition, and long-term vacancy. The results are expressed in maps and summaries that may serve as useful tools for practitioners and policymakers engaged in developing long-term housing-stabilization strategies for distressed neighborhoods.