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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More from Just Listed
Last night's news about a new condo project proposal in the Mill District of Minneapolis raised several questions that are too early to answer. The most frequent question from readers: What will the condo units cost?
The Austin, Texas company is a private investment and development group for luxury hotels, with holdings in several states. It's also the hotel development partner of the high-profile Nicollet Hotel Block, according to Bloomington-based United Properties, which is lead developer of that project.
Ramsey County and the City of Arden Hills released Monday the long-awaited request for proposals for a master developer of the 427-acre former site of the Twin Cities Army Ammunition Plant.
House prices in the Twin Cities have been increasing at almost the exact same rate as the national average
After a few weeks of tense talks over last-minute design changes, the Minneapolis City Council on Friday approved the land sale of the Nicollet Hotel Block for redevelopment to United Properties. The city will sell the downtown land to Bloomington-based United Properties for $10.4 million, but added a contigency to the term sheet.