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News
Why Kris Lindahl, the real estate broker on billboards, thinks the Twin Cities is a buyer’s market
3+ mon, 3+ week ago (862+ words) Home sales across the Twin Cities metro are down 6% compared with last year. Houses are taking longer to sell and prices fell 2% during April, the biggest decline in nearly 15 years. While many agents are feeling a late-season rebound is on…...
Mortgage rates drop nationally, but stall in Duluth
4+ mon, 2+ week ago (186+ words) National average mortgage rates have dropped for three weeks, but Duluth is not seeing the same decline as the rest of the country. RELATED STORY: Average US long-term mortgage rate slips to 6.23%, its third weekly drop – WDIO.com Bell Bank…...
Bill to ban private equity from owning homes in Minnesota introduced to legislature
5+ mon, 2+ week ago (403+ words) ST PAUL, Minn. — As housing costs soar and interest rates refuse to drop, the American dream of homeownership seems to be slipping away from the majority of Americans. The cost of housing is comprised of several factors, including construction costs,…...
First-time buyers often sidelined in 2025 Minnesota housing market
7+ mon, 1+ week ago (17+ words) Statewide median home prices saw record highs as incomes remained stagnant, pricing out many first-time buyers....
November US homes sales rose from the previous month, but down from 2024 as prices climb
8+ mon, 3+ week ago (664+ words) Sales of previously occupied U.S. homes rose in November from the previous month, but slowed compared to a year earlier for the first time since May despite average long-term mortgage rates holding near their low point for the year. Existing home…...
Minnesota's housing market is at a crossroads
9+ mon, 2+ week ago (18+ words) between affordability and availability. Minnesota's housing market is at a crossroads...
Realtor groups report softer demand in October home sales data
9+ mon, 3+ week ago (17+ words) The groups attribute the softer demand to several factors, including a weakening labor market and rising inflation....
Homebuilders bet on 1% mortgage rates to wake up US buyers
9+ mon, 4+ week ago (885+ words) By Prashant Gopal, Bloomberg News With the average mortgage rate near 6%, U.S. homebuyers are looking at the most affordable monthly payments in a year. But San Antonio real estate agent Tavyn Weyman knows how to get them lower — much lower. The…...
Young homebuyers lose more ground in housing market as states struggle to help
10+ mon, 1+ week ago (571+ words) By Tim Henderson, Stateline.org Young homebuyers have been priced out of the market even more than previously, according to a report released Nov. 4 by the National Association of Realtors. “As a result of decreased housing affordability and limited housing…...
In Minnesota, it now takes a six-figure income to buy a home
10+ mon, 1+ week ago (1228+ words) By Emma Nelson and After years of socking away $600 a month for a down payment, Andy Testin found a $190,000 house that fit his needs. But he backed out to instead keep saving after a worrisome inspection. That was in 2017. When…...