A new report from the Minneapolis Area Association of Realtors says median home prices rose to nearly $180,000 in July, its highest percentage gain in eight years. The report says the 14.3 percent increase over last year's prices came as the number of homes on the market declined and higher-priced traditional sales rose.
Charges: Man carjacked father, daughter as they loaded groceries outside Cub
The father grappled with the suspect after he had pointed a gun at his daughter.
Pilot, brother and sister killed when plane crashed into house are ID'd
The plane crashed into a house in Hermantown, Minnesota.
Rolled semi, livestock on freeway interchange in Woodbury
Traffic cameras showed what appeared to be hogs on the side of the road.
Reinbold guilty of murdering wife with 'particular cruelty'
Eric Reinbold, 46, was convicted of two counts of murder in the second degree in Pennington County Friday.
Armed assault suspect arrested after standoff in Waite Park
The standoff ended early Saturday when officer obtained a warrant for the home.
3 dead after plane crashes into house in Hermantown
Two people in the house were uninjured.
Destructive fire at Maple Grove greenhouse and nursery
The fire burned early Sunday morning at a longtime Maple Grove greenhouse and nursery.
SCSU player hospitalized after being taken off ice on stretcher
Luedtke was checked into the boards in the first period and down for a reported 10-15 minutes.
Amber Alert for Kryssy King canceled, suspect still at large
Police beleived 15-year-old Kryssy King was with a 22-year-old man who remains wanted.
3 St. Paul fast food restaurants robbed in space of an hour
The thieves struck between 7:15 p.m. and 8 p.m.
Fire at historic Stevens House museum for third time since Aug. 30
The fire was reported early Saturday morning.
What to do with the Kmart site? Minneapolis wants your ideas
The project will connect Nicollet Avenue south of Lake street and north of the Midtown Greenway, reestablishing a street grid.
Twin Cities housing market continues to show improvement
Last month, the median sales price of homes jumped about 11 percent to $169,000 from the same month last year, according to a new report by the Minneapolis Area Association of Realtors. The number of pending purchase agreements also spiked 27 percent, while closed sales increased 21 percent. However, the inventory of homes for sale continued to fall in May.
St. Thomas report shows optimism about Twin Cities housing market
A report from the business school at the University of St. Thomas says low-priced homes are getting snapped up by first-time homebuyers and investors. Many are foreclosures, but conventional home sales are up, as well, with the median price just under $200,000.
Twin Cities housing market slowly improving
On a seasonally adjusted basis, the national S&P Case-Shiller index shows home prices in the Twin Cities jumped 1.3 percent from March to April, following a 0.8 percent gain from February to March. Prices were up 3.8 percent compared to April of last year.
Low appraisals complicating Twin Cities housing recovery
The appraisal process has become a headache for many home buyers and sellers in the Twin Cities metro. Real estate agent Steve Fiorella told KARE 11 he has struggled to get the appraisal to match the purchase price for about 20 percent of his transactions so far this year. But a misappraisal could have serious consequences, even prison.
Home prices continue to bounce back in Twin Cities metro
Figures from the Minneapolis Area Association of Realtors show the median home price in the 13-county metro climbed to $175,000 in October -- up nearly 15 percent compared with the same period a year ago. MPR reports October was the eighth straight month of price gains. Pending and completed sales were also up last month.
You Can Get BMTN Special Offers!