Homes are overvalued in most of the US – and the problem is worse in these 5 states
An overwhelming majority of homes in the U.S. are overvalued as steep mortgage rates and an ongoing housing shortage push the price of real estate even higher.
Housing prices in these states will become 'more affordable,’ Redfin CEO says
The Fed’s handling of rate cuts will play a key role in 2024 housing affordability, but according to one expert, certain U.S. states are already seeing "good" signs.
Chanhassen City Council approves downtown redevelopment plan for movie theater, hotel
Chanhassen prides itself on having a small town feel in the Twin Cities metro. But a new development could bring some big changes to the suburb's downtown.
Average long-term US mortgage rate hovers near 7%
The average 30-year fixed loan was 7.08% this week, according to Bankrate’s latest survey of large lenders. Here’s what a monthly mortgage payment at the current rate would look like.
Minneapolis among best cities for first-time home buyers in 2024: List
A new survey from Zillow puts Minneapolis among the best cities for first-time home buyers for 2024.
Here's how much money Minnesotans need to make to buy a median-priced home
A new study from Bankrate shows that in about half of the states in the U.S. residences need to make six-figures to afford a median-priced home. But how does Minnesota compare?
Baltimore sells $1 houses in effort to combat vacant home crisis
Baltimore, Maryland, city officials approved a program that would sell city-owned vacant homes for next to nothing at $1 for some applicable residents.
Housing benefits could lure employees back to office, survey shows
Many companies are facing the ongoing dilemma of office versus remote work four years after the pandemic, with a new survey highlighting housing benefits as a potential solution.
Time to sell your home? Here are 3 questions to ask yourself
As someone deeply involved in the real estate industry for decades, I understand that selling your home isn't just a financial transaction; it's a significant life decision.
Real estate attorney talks commission cut for realtors
Real estate attorney Doug Miller talks with FOX 9's Leah Beno about the settlement that eliminated the 6% commission for realtors. Through the settlement the National Association of Realtors (NAR) agreed to pay $418 million in damages.
Minnesota AG reaches settlement with HavenBrook Homes, other landlords
Minnesota Attorney General Keith Ellison announced Friday that his office has reached a settlement with multiple rental companies in a lawsuit that alleges the companies under-maintained hundreds of rental homes.
Home buyers need to make $47,000 more than in 2020 to afford a home
A new report from Zillow finds that some people are relying on financial gifts to help cover the cost of a down payment for a home or moving to low-cost cities to find affordable housing.
The two things Biden proposed to shake up the housing market
The president wants to make housing more affordable through a pair of tax credits. Here’s how it works.
Step inside a Twin Cities Dream Home
The spring Parade of Homes tour is underway in the Twin Cities. This year there are 386 homes featured all across the metro in a variety of price points. Almost all the homes are free to tour Friday through Sunday from noon to 6 p.m., March 8 through April 7. The six dream homes cost $5 to check out and that money goes to the nonprofit, Housing First Minnesota Foundation, which builds transitional housing for Minnesotans experiencing homelessness.
Blocking corporate homebuyers: bill passes MN House committee
Frustrated homebuyers and people watching their rent go up might get some relief from a new bill blocking corporate investors.
Rent prices are changing thanks to 'apartment-building boom' – what renters should expect
Rent prices are evolving – potentially for the better – in 2024 thanks to an “apartment-building boom," according to Redfin chief economist Daryl Fairweather. Here’s what renters should know.
City of Minneapolis looks to hire security for encampments
The City of Minneapolis is looking to hire round-the-clock security for homeless encampments, as well as for sites that have the potential to become encampments, as homeless advocates say they were not consulted on the plan.
Minneapolis hiring security for encampments
The City of Minneapolis is looking to hire round-the-clock security for homeless encampments, as well as for sites that have the potential to become encampments, as homeless advocates say they were not consulted on the plan.
Minneapolis council meeting on encampments turns heated
A Minneapolis council committee meeting over homeless encampments turned heated on Wednesday as council members argued with each other and activists in the crowd.
US home prices hit a new record high in November
US home prices rise again in November as inventory shortage persists