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Home sales decline in the Twin Cities, but prices post modest gains

While sales cooled in January, data point to the spring market being competitive.

Brianne lawrenceSara krantzKrista wolterEdina realtyColdwell banker realtyPaul area association of realtorsTwin citiesMinneapolis areaPaul area association

As buyers flock to suburbs, Lake Elmo housing market hottest in Twin Cities

The hottest city in the Twin Cities metro area for home buyers last year was also one of the most inconspicuous.

United statesUnited kingdomPam connollyTom wienerBryan brussee yuqing liuJessica brockshusBelle plaineJason gormanRobert engstromSupreme courtMn incStar tribuneHot housing indexLake elmoTwin citiesNorth branch

Foreclosure rates in the Twin Cities up last year, but they remain low

There was a pandemic-fueled uptick in the number of Twin Cities homeowners unable to pay their mortgage, but the rate is still below pre-pandemic levels.

United statesFreddie macRick shargaTony weickData solutionsBell bank mortgageTwin citiesTwin citieGreat recessionMinneapolis areaTwin cities based bell bank mortgage

A dismal 2022 for Twin Cities home builders

High interest rates crushed demand and forced builders to pivot to apartments.

United statesFreddie macJohn quinlivanJames vagleTwin citiesHousing firstHousing first minnesotaKeystone reportMinneapolis areaLouis park

What s ahead for the Twin Cities area housing market in 2023?

Twin Cities housing prices aren t likely to fall in 2023, experts said, while more people are expected to team with friends and family to buy.

United statesFreddie macKeith gumbingerSkylar olsenNational association of realtorsTwin citiesNational associationMinneapolis area

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