The St. Paul Area Association of Realtors released a sales report today stating that the Twin Cities residential housing market showed signs of stabilization in October.
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Twin Cities-area Realtor groups on Friday released statistics showing a Minnesota housing market that’s still in the middle of a correction.
Federal investigators are probing a possible rash of Minnesota mortgage fraud in the Twin Cities in response to reports of a large number of unusual real estate transactions in north Minneapolis and elsewhere.
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Al Ynigues found out the hard way about the dangers that lurk in exotic high-risk home loans.
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In the first six months of this year, sales of existing homes, including condominiums and town homes, dropped by about 16 percent from the same period last year, when there were about 23,800 home sales.
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New tatistics released Wednesday confirm what the rising home foreclosures, tightened credit standards for home loans and forlorn for-sale signs have been suggesting for months:
The Twin Cities housing market is in a clear recession.
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With the Minnesota housing market slumping, questions and challenges over 2007 tax assessments have more than doubled in Ramsey County over last year, and queries have risen significantly in Hennepin County.
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The national slump in the housing market has affected Minnesota, according to data from the state Department of Revenue.
However, mortgage rates remain historically low and recent new business in Fergus Falls has local realtors optimistic about the local market.
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The slowing of the Minnesota housing market in and around the Twin Cities is having a ripple effect extending all the way to the shore of Lake Superior.
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There are few ideas as bad as the conviction that government should act as nanny, according to an editorial in the Twin Cities Pioneer Press.
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