Today's housing digest. Be sure to click on the link, if you want more details. And have a good weekend.
- The number of homeless families in Hennepin County contracted shelters grew by 45 percent compared to just one year ago, according to a new report (click here to see the full report) from the Minnesota Housing Partnership's 2 by 4 Report.
- The latest on mortgage rates? The 30-year FRM fell, while the 15-year FRM rose slightly. Details here
- The Harvard Center for Joint Housing Studies 2012 State of the Nation's Housing Report offers encouraging news about the housing market. It says that prices "may well find a bottom this year," and that construction activity will pick up in a meaningful way next year. At the same time there were 5.1 million new renters during the 2000s, making it the biggest postwar expansion.
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The number of new housing units coming to market this month matched last year
CoreLogic says that during March, only 1.96 percent of mortgage loans were 90 days or more delinquent compared to 2.49 percent for the same period last year
M.A. Mortenson is looking to develop a residential and retail project on a key parcel along East Hennepin Avenue in the heart of northeast Minneapolis' bustling commercial district, the developer confirmed Tuesday.
The latest Case-Shiller report shows a 3 percent gain during March
Ryan Cos. is now considering building condos and an automated parking system, rarely seen in Middle America, on a previously contentious thin parcel abutting the Viking Stadium parking ramp. Automated parking systems are vertical solutions for small spaces. The system relies on elevators, lifts or conveyor belts to mechanically park vehicles in stalls stacked one top of one another. The narrow strip of land where Ryan is considering using the concept was the source of an unexpected fight for development rights between the Minneapolis-based firm and the Minnesota Vikings last fall. The key site is located between Park and Chicago avenues just across 4th Street from the light-rail stop and kitty-corner from the new Vikings Stadium.