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Move-up buyers with disposable income fueled the hottest Twin Cities housing markets startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.
Libby Jacobson bought her first house — a tidy Arts & Crafts-style charmer in Northeast Minneapolis — in 2022, when competition was fierce but mortgage rates were still near all-time lows. By last fall, mortgage rates had nearly doubled, and she was thrilled she had bought when she did. But the house was feeling too cramped for her, her fiance and their dog. After ruling out building an . ....
The number of housing starts declined in June, an indication there are still some challenges in a housing market that has shown signs of heating up in recent months after being battered by the Federal Reserve's rate hikes. ....
Homes in Minneapolis and St. Paul’s hottest neighborhoods last year sold quickly, fetched top dollar and have been especially popular because they have a sense of community coveted by many urban buyers. ....
In 2022, the number of home sales in the Twin Cities fell by double digits. Mortgage rates doubled in the final six months of the year. And yet housing prices around the metro area grew by double digits over the previous five-year average. ....