Income is an important part of the picture, but so are expenses and the cost of living. I take a look at some housing related expense numbers for 2017 in North Dakota to see what happens in the different counties.
Mortgage & Rent in ND Counties
Apartment Building & Grand Forks
Pretty much anytime I give a talk or go on to KNOX radio I get questions about the pace of apartment building in Grand Forks. People believe fundamentals do not justify the extent to which construction currently occurs. I generally agree and think there are a few reasons behind it. This article from the Wall Street Journal seems to indicate the local circumstances may just be part of a larger national trend.