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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Prices are posting slow, steady increases that are slightly below the national average
Minneapolis-St. Paul does a better job of creating energy efficient office buildings than any of its metropolitan peers, an annual index says. For the second year in a row, the Twin Cities topped CBRE's Green Building Adoption Index with more than 70 percent of its commercial space being certified by either the Environmental Protection Agency's Energy Star program or the U.S. Green Building Council’s LEED standard.
Out-of-town investors are expected to invest a near-record amount of money in Twin Cities rental properties this year. Here's why.
The Opus Group is building another corporate office for Xcel Energy, this time in Texas. The Minnetonka-based commercial real estate company began construction today on the $42-million office building in Amarillo, Texas. less than a month after topping off a second tower at Xcel's corporate headquarters in downtown Minneapolis.
Eight percent of all homeowners with a mortgage in the Twin Cities owed more than their house is worth, down from 10.7 percent last year