Recent content from Jim Buchta
That is up 5.2% from last year, fueled in part by an increase in the sale of upper-bracket homes — and a dearth of available low-cost homes.
20-story downtown building, six others go before Mpls. planners this week.
Twin Cities construction firm plans to use automated excavators on projects.
So that an affordable-housing project called Bimosedaa could be possible, the Red Lake Nation found a new way to pay to operate it.
About half of the projects that will receive the money are located near transit lines.
An uptick in new listings is viewed as a positive sign as summer draws closer.
From coast to coast, house listings are becoming more abundant, bringing relief to weary spring buyers. Not so in the Twin Cities metro, where demand for entry-level houses continues to outstrip supply, creating a listing logjam that's choking home sales.
The listings service is the latest to launch "instant-buyer" offers in the metro.
The developer says more than half of the units have been reserved.
Carrie Chang, the new chief executive of the Minneapolis Area Realtors (MAR), is the association's ninth leader and the first female and person of color in that role.
Fewer permits were issued to build single-family homes, but the apartment market stayed red hot.
During the 1950s, when computers were as big as a room, Jane Pejsa was an accomplished programmer and analyst. She was also an astute collector…
UffDa Adventures consolidates three distinct tours into one company, saving money with a single reservation system and management team.
Two Minneapolis condominium projects strive for a distinctive look
The startup has tapped into an unexpected market with a quick-turnaround concept for repairing, refurbishing shoes.
It's been a less-than-stellar spring for first-time home buyers in the Twin Cities.
College basketball is big business for lodging, but it doesn't match the corporate-fueled frenzy of pro football.
Despite a slow start to 2019, some industry analysts expect a banner year for sales.
With rents rising across the metro, cities find stable options to help, and keep, tenants.
Acquisitions have been key to the growth of the Twin Cities-based firm.
Listings in February lagged year-ago levels by 14 percent as the median sale price hit $265,500.
Homebuilders said permits for single-family houses in the Twin Cities were down 3 percent over last year.
A bumper crop of creative amenities aims at making these buildings stand out more than they already do.
On the morning of a winter storm warning last week, you would expect Dan Nelson — the owner Olio Outdoors, a company that does snow…
The metro's median sale price hit $258,900 last month, an all-time high for January.
Leaving its historic home isn't easy, but the design firm has decided to embrace change.
Minneapolis added nearly 5,000 apartments last year, not enough to match jobs.
New-home permits soar in January despite land and labor shortages.
A report commissioned by a builders group said municipal fees and regulations in the Twin Cities make it nearly impossible to build a single-family house for less than $375,000.
Apartment project early test for city's new density plan.
Find out how your community fared in our searchable Hot Housing Index for 2018.
The overall market failed to post the big gains real estate agents had expected as a lack of lower priced homes kept lid on sales. Throughout the Twin Cities metro there were only 59,223 home sales last year, a decline of more than 2,000 from the year before.
Builders paid more for land, labor and materials, making it difficult for them to cater to a segment of the market where demand was most fierce: first-time buyers and downsizing baby boomers.
Todd Urbanski takes the reins as 2019 president of the Minneapolis Area Realtors at a time of moderate tumult.
No-visit, all-cash house buying is expected to expand in coming year.
Gino Blefari replaces HomeServices of America founder Ron Peltier, who will become executive chairman.
The deal includes 40 offices and 1,750 sales agents and staff in 21 counties in Florida.
After the first full business week since the shutdown began, executives and entrepreneurs are starting to see more widespread effects.
Isadore Nut Co. discovered the solution to its cost problem in the kitchen of a Golden Valley apartment building.
Labor crunch in Twin Cities building trades has led to increasing construction delays and higher costs.
Rise in listings, decrease in sales suggest Twin Cities area prices should decline. But for now, median sale breaks $265,000 in November, a record.
Developer says it will focus on projects in the suburbs.
One of the downtown Minneapolis office buildings that houses Target Corp. has a new owner.
The project includes 309 housing units, commercial space and enclosed parking.
Its deal for OwnAmerica Real Estate is part of plan to evolve how it does business digitally.
Seeking new markets, Los Angeles-based AECOM goes after Twin Cities residential projects.
Side-by-side townhouses in inner-ring suburbs continue to see strong demand.
The organization known for its construction efforts is turning its attention to the mortgage side of the real estate industry.
Simon's professional relationship with Kent Hrbek lasted a decade longer than Hrbek's baseball career. Their friendship lasted until Simon's death.
An uptick in new listings continued the slow rebalancing of the area's housing market.
The number of units hitting the market continues a bullish pace, though demand appears to be softening in some areas.
Modified vans are aimed at travelers who want to keep it simple, but don't want to sleep on the ground in a tent.
The Edina agent follows in his father's footsteps.
Founder Joel MacIntosh sees deal with Ojo Labs as step into industry's future.
Funding will boost housing developments in 55 communities.
Brenda Tushaus brings a tech background to her new role in charge of revenue-generating business initiatives and leading the strategy for growth.
The respite from recent declines comes as rising mortgage rates suggest a slowing market ahead.
Home sales are down from a year ago, more sellers are cutting their asking price and mortgage rates are climbing.
Combined company will work on a tool to help people search for homes more quickly.
It's one of the biggest, most expensive rental projects ever undertaken by Opus Development, with some units fetching more than $10,000 a month.
Twin Cities sees sharp drop in single-family home construction
With little room for much-needed car slots, Minneapolis developers turned to a Rubik's Cube stacking system for their project.
Multiple listing services are consolidating as technology changes the way data is used by agents.
Supply remains tight, but there's been an uptick in the number of homes hitting the market, and prices are starting to moderate.
Opendoor makes unsolicited offers, streamlines sales process.
Millions of dollars are being poured into the redevelopment of the last surface parking lots on the east end of downtown Minneapolis.
The sluggish pace of single-family homebuilding continues to be a drag on the industry.
At least 2020 is when experts see key indicators in the housing market tilting toward buyers.
An overwhelming majority of construction firms are having a hard time hiring qualified workers — particularly hourly craft professionals, it says.
Minnetonka mall sold in "very attractive" deal that includes two other facilities.
Minnesota Sen. Amy Klobuchar remembered the late Sen. John McCain as a friend as well as a colleague, while Al Franken recalled his first encounter with the late Arizona senator.
Developers expect a surge of new units in key parts of the metro, and signs of a market shift have already emerged in some cities.
Homebuilders say a limit on fees cities can assess will make housing in the Twin Cities more affordable. The fees help pay for roads, gutters and other infrastructure.
New design, construction techniques have prompted the contractor to bring science expertise in-house.
More houses are coming on the market, but buyers are still scrambling to find entry-level properties.