Rents rising in Twin Cities with rental market tightest in a decade

New housing data also shows about one in five homeowners owe more on their mortgages than their homes are worth.

New housing data also shows about one in five homeowners owe more on their mortgages than their homes are worth.

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dave chappelle

Dave Chappelle to perform at Target Center in Minneapolis

The comedian is screen his new documentary at part of the 10-city tour.

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U.S. soccer hero Megan Rapinoe signs her mural at St. Paul bar

Rapinoe paid a visit to The Black Hart ahead of a match at Allianz Field Tuesday.

hospital, emergency room

1 dead after married couple crash UTV in southern Minnesota

The crash happened just after 11 p.m. Saturday.

hmong college prep academy

St. Paul school superintendent offers to quit after $4.3M lost in hedge fund

The Office of the State Auditor recently released its investigative report on the school.


2 women die from injuries suffered in October 19 Hopkins crash

Both victims died at Hennepin Healthcare on Oct. 21.

Dean Evason

Wild fall flat against Predators, lose first game of season

The Wild couldn't stay out of the penalty box in a 5-2 loss.

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Search for Wisconsin woman whose vehicle was found near Hinckley

Ashley L. Miller, 33, was reported missing on Sep. 24 after her vehicle was found without her in it.

Dak Prescott

Report: Dak Prescott will be 'ready to go' for matchup with Vikings

The Dallas quarterback is expected to be available for next Sunday's showdown.

Eddie Rosario

Where Eddie Rosario's championship series heroics rank since 2000

The former Twin put together an all-timer to help the Braves reach the World Series.

plane, Piper PA-32

2 dead after plane crashes near residence in rural Wisconsin

The aircraft also struck the house during the crash.

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1 dead after van crashes and lands on Highway 100 in Brooklyn Center

Northbound Highway 100 was shut down following the crash Saturday night.


Owner-occupied homes give way to rentals in Twin Cities

A shift away from neighborhoods full of homeowners has become a phenomenon in Minneapolis and St. Paul as investors turn single-family homes into rentals to take advantage of a tight rental market. Housing experts say the resulting drop-off in single-family homeownership can destabilize neighborhoods.

Homebuilders bullish as cost of renting rises, home prices stay low

Rents in Minneapolis have increased nearly 10 percent in a year, with home prices down nearly seven percent in that same time. Experts say that combination - plus an improving job market - sets the table for a surge of home purchases. Nationwide, housing starts are at their highest level in more than three years.

Duluth is Minnesota's least affordable rental market

A majority of Duluth renters - 56 percent - spend more than thirty percent of their income on housing. While rents are inching upward, renters' incomes are shrinking. Meanwhile, home foreclosures have thrown more people into the rental market.

Cost of insuring a home in Minnesota has doubled in a decade

Wind and hail storms have shaken and pelted many a Minnesota home in the last ten years. But they've also contributed to a doubling of the average annual insurance premium paid by homeowners. One agent says modern building materials have not helped because they're actually more vulnerable to hail damage.