Tag: Home Prices
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Home Price Growth Returns to Historic Norms
According to new data from Minneapolis Area REALTORS® and the St. Paul Area Association of REALTORS®, the Twin Cities market started to show signs of a return to normalcy in February. The median home sale price was up 2.7 percent to $341,995. This is compared to nearly three years of about 10 percent year-over-year increases. According to… Read More
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Twin Cities homebuilders respond to slowing market
According to the National Association of Home Builders Housing Market Index, builder sentiment in November fell to the lowest level since 2012, apart from the first two months of the COVID-19 pandemic. Throughout the pandemic, builders were seeing fast and furious demand from buyers. But now, overall economic uncertainty and mortgage rate increases have led… Read More
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Zoning modernization stalls as legislature and governor unable to reach final deal
With one week remaining in the 2022 legislative session, Gov. Tim Walz, House Speaker Melissa Hortman and Senate Majority Leader Jeremy Miller announced a framework agreement on the front lawn of the State Capitol. The agreement was to utilize the largest state surplus in history with a combination of $4 billion toward a tax bill… Read More
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Housing supply solutions left on the table
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Exclusive: Minnesota single stair review shows taller buildings possible with code changes
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Federal government withdraws energy code rule
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A framework for improved model building codes
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Less efficient, older homes make up greatest share of housing stock as energy codes focus on new home construction