Younger Americans are waiting longer than ever to buy a home for the first time. The real estate firm Zillow crunched the numbers and found the typical first-timer rents for about 6 years before buying a home. That’s up from 2.6 years in the early 1970s.
A new government study suggests housing vouchers could help reduce homelessness in the U.S. The United States Department for Housing and Urban Development examined homeless families at emergency shelters in 12 cities.
On this real estate Wednesday, WCCO This Morning’s Ali Lucia showcases a shorter version of the Artisan Home Tour, which is in its second year.
The recent energy boom in western North Dakota has fueled a growth in housing units unsurpassed in the nation. A new Census Bureau report shows that North Dakota had the fastest rate of growth in housing units in the country between 2010 and 2014, and also between 2013 and 2014.
A new report says minimum wage workers do not make enough money to find affordable rent in Minnesota. According to the “Out of Reach 2015” report, Minnesota is the second least-affordable state in the Midwest.
The city of Edina was expected to decide Wednesday night if it will fund a controversial multi-million dollar housing project.
The Twin Cities rental market continues to buck a national trend. Zillow just released a new report for March. The website, which tracks real estate information, said nationwide home rental prices shot up 3.7 percent last month from a year ago.
Minnesota’s cash grant for low-income families could increase for the first time in nearly 30 years. A family of three receives about $532 per month. Democratic Gov. Mark Dayton and some lawmakers in both parties want to increase the grants by $100 to help the nearly 33,000 families in the program deal with rising housing and transportation costs.
Rent prices around the country are spiking, but renters in the Twin Cities saw a slight drop last month, according to a new report by the real estate website Zillow.
Minnesota’s economy is headed in the right direction but many people may not be feeling it in their paychecks yet. That’s one takeaway from a report released Thursday. The budget forecast shows state government on pace for a $1 billion surplus.
Even with warmer weather in the forecast and the spring home-buying season fast approaching, the Twin Cities remains a strong seller’s market. Inventory remains at a 10-year low. Last month, there were 13,086 homes for sale, down 4.1 percent from a year ago.
At the start of each month, the WCCO Morning Show likes to give you a spending forecast, so here is the inside scoop on what experts say are the best things to buy in April.
It’s been a frustrating early spring real estate market for house hunters in the Twin Cities. Minnesota Association of Realtors Executive Director Chris Galler says there’s usually more for sale by this time in March.
Due to frigid conditions in much of the nation, February’s real estate wrap-up required boots and a shovel, as well as deeper pockets.
Minnesota property taxes owed this year are mostly static once refunds and credits are factored in, state officials said Friday, despite their earlier prediction that those taxes would drop considerably. A Department of Revenue analysis shows a net $8 million drop in a property tax system that generates $8 billion a year.
Our bone-chilling winter has kept people from getting out and doing many things they otherwise would’ve done. That apparently includes shopping for a home.
You may not even want to think about it, but winter is right around the corner. WCCO-TV meteorologist Chris Shaffer says we could see our first frost by this weekend.
Don’t be surprised if you notice more RV’s and motor homes out on the highways. While recreational vehicle sales dipped during the recession, buyers are now back. The RV Industry Association says more than 300,000 RV’s are expected to be sold this year.
Frost Simula calls himself the poster child for what’s call “predatory remodeling” and now he’s talking about his fight to protect others.
A St. Paul house featured in the movie “Grumpy Old Men” is up for sale. The house’s exteriors were used for the home of Jack Lemmon’s character in the 1993 film. The house has a view of Lake Phalen and is listed for $195,000.
If you’ve been waiting to pull the trigger on buying a home, now may be the time to do it. A new report ranks Minnesota as the least affordable state in the Midwest for renters.
Homes are selling so fast in parts of the metro that there aren’t enough to meet the demands of buyers.
U.S. home prices accelerated in November compared with a year ago, pushed higher by rising sales and a tighter supply of available homes.
Newly released sales figures show that home sales are up nearly 20 percent in the Twin Cities metro area. That statistic makes 2012 the best year in the area for home sales since 2006.
Anyone who owns a home has seen the dizzying drop in market value. But now, there’s some very good news about Twin Cities housing prices.