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.
Fire departments decry drivers running over hoses, endangering crews
It happened in two separate Northland cities this week.
All Energy Solar reaches growth milestones with higher goals yet for 2022
Minnesota solar company continues to thrive through building a strong workforce
Authorities ID family found frozen to death at MN-Canada border
They're still trying to unravel how they got there and who might have helped them.
Mayo Clinic specialist: 'The omicron surge is not over'
Experts expect a rapid decline over the next month followed a period of calm.
Charges: Man in stolen Jeep leads police on 110 mph chase
He crashed into a light post near the Capitol and then fled on foot, the complaint says.
Puppy in back of stolen Audi found, reunited with owner
The 4 1/2-month-old bullmastiff had been missing more than a week.
WI's best 'hole-in-the-wall' diner is Guy Fieri-approved
Come for the "garbage pile," stay for ... even more breakfast food.
Minnesota's pre-pro women's soccer team unveils name, logo
The new name and look was unveiled after community owners voted on a winner.
21 people charged in connection to drug trafficking in northern MN
Police say the organization sold more than 10 pounds of heroin and fentanyl in northern Minnesota.
MN's 'best hole-in-the-wall diner' is, sadly, currently closed
MSN recently published its pick for best diner in each state.
MN apartment complex loses heat, nearly 150 residents evacuated
A boiler problem caused the heating issue.
2011 sales numbers spur optimism about this year's Twin Cities housing market
The number of homes sold in the Twin Cities area reached a five-year high and was up eight percent from 2010. Half of those were foreclosures or short sales. But Realtors say those properties are "working their way through the system."
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.
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.
Report indicates recovery in Twin Cities housing market
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.
Record low mortgage rates help boost housing market in Minnesota
Twin Cities home sales are up by double digits so far this year, the Star Tribune reports. However, options for buyers are limited because so many potential sellers can't list their homes until prices increase. A tighter credit market and bigger down payments have also made it tough for borrowers to get a loan.
Home inventory in Twin Cities metro at 9-year low
The number of homes on the market in the Twin Cities was down more than 30 percent last month -- the lowest inventory levels in nearly a decade, according to the Star Tribune. The median home sales price in the 13-county metro area jumped 15.5 percent to $179,000 compared with a year ago.
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.
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