Recent content from Jim Buchta
Twin Cities home prices reached an all-time high last month, precisely a decade after they last peaked. The median price of all closings was $242,000…
Nonprofit Homeownership Preservation Foundation created BluePrint to help users manage personal savings and debts
Plans are underway for the third phase of a massive redevelopment effort in Bloomington not far from the Mall of America and Minneapolis-St. Paul International…
In May, Thor Construction CEO Ravi Norman and two colleagues announced a plan to help fill a gaping hole in the Twin Cities housing market.…
Stately old downtown office buildings are getting new residential roles
Developer buys 13.3-acre industrial site for project with 600 to 700 apartments.
Residential construction permits rise, with nearly all for single-family houses.
Jason Stockwell, a real estate agent, said a well-crafted letter can be so powerful that some sellers take a lower offer. "Some sellers cry," Stockwell said.
Twin Cities-based HomeServices buys Colorado brokerage.
An entity related to Manhattan-based Abacus Capital paid $18.3 million in cash for the 188-unit Colonial Village complex on Silver Bell Road in Eagan.
Last month was the second-highest median price in the Twin Cities.
Home designed by master architect has been with original owners for nearly 60 years
Developers are about to tap the brakes on new construction after delivering a near-record number of new rentals this year.
Plan will go to Mpls. City Council after panel overturns heritage group.
Planned St. Anthony Park building would feature small, lower-rent spaces.
An unbalanced market in which house hunters outnumber listings is forcing buyers to bid aggressively, or lose out.
With a condo tower nearing completion and two in the final planning stages, what comes next downtown in a city where commercial construction topped $1 billion for four straight years?
It was the strongest May in the metro in years, and, in a shift, houses outnumbered apartments.
Shifting demographics and postrecession caution have kept the lakeshore market far more balanced between buyers and sellers.
Twin Cities start-up seeks to fill hundreds of vacant lots in north Minneapolis — remnants of the city's predatory lending and foreclosure crisis — with the factory-built homes.
Coon Rapids developer Jim Stanton received approval this week from the Minneapolis Planning Commission for his biggest downtown condo project yet: the Legacy, a 374-unit…
When Texas-based homebuilder David Weekley decided to expand to the Twin Cities, it tapped industry veteran Ian Peterson.
For the second time in a week, Twin Cities-based HomeServices of America Inc., a Berkshire Hathaway affiliate and parent company of Edina Realty, bought one…
At same time, metro inventory shrinks, putting pressure on both sides of the deal.
The latest drop followed disappointing economic data
Boosters are expanding their efforts to promote living in downtown Minneapolis. Explore Downtown Living is becoming a twice-a-year apartment tour, an urban version of the…
Twin Cities-based HomeServices of America Inc. is expanding in the Pacific Northwest with the purchase of one of its franchisees, one that already has…
From the beginning, Bill Morrissey was destined to work in the hospitality industry. He was born in Minneapolis and raised in Bloomington, where his first…
At a standing-room-only meeting, the Minneapolis Heritage Preservation Commission on Tuesday voted in favor of allowing a developer to demolish two buildings but denied a…
As first-time buyers in the Twin Cities slug it out over a paltry number of listings, homebuilders are scrambling to help satisfy that demand.
Homebuilders in the Twin Cities heartened by "steady growth" in 2016.
The supercomputing company is leaving downtown St. Paul.
One of the largest developers in the Twin Cities has floated a plan to develop apartments in a suburban office park. Opus Development Co. wants…
Apartment venture would be the Mpls. firm's first in capital.
Growing number won't sell without home lined up.
Do the harvest gold appliances just have to go? What about the country oak cabinets? Time to gut the entire kitchen?With the start of the…
Barbara Halverson is retiring after 44 years with Steven Scott Management, Inc., most recently as chief executive and president of the St. Louis Park-based rental…
Major developments will bring hundreds of new apartments to a historic neighborhood just across the river from downtown Minneapolis. But some worry that they will alter the area's character and create the same hassles that are found downtown.
There was no shortage of home buyers in the Twin Cities last month, but sellers were scarce. Median prices also rose as sellers continue to have an advantage over buyers.
A Minneapolis apartment development — the first in the city for a high-profile national developer — got the thumbs up from the Minneapolis Planning Commission…
It's another sign of the state's strong housing market.
A proposal to build a 40-story condo tower across the river from downtown Minneapolis was scheduled to be reviewed by the Minneapolis Heritage Preservation Commission…
As apartment construction in the Twin Cities calms, house construction is gaining steam, the latest report from the Builders Association of the Twin Cities shows.…
Dominium begins construction of Prior Lake senior apartment complex Construction started this week on a low-income senior housing complex that will replace a strip mall…
Developer says he's aiming to "appeal to everyone."
Bob Lux is confident buyers will pay $299,000 for a new, four-bedroom house with a creek view, granite counters and an open floor plan in north Minneapolis.
HomeServices of America said Thursday it hired Alon Chaver, a former vice president at Trulia, as chief information officer, a new position at the firm.…
The deal represents the highest price paid for a Twin Cities suburban housing project.
The kickoff to the spring housing market in the Twin Cities was unseasonably strong — especially for sellers. Inventory is very tight, but agents expect more sellers to emerge this month.
The deal for St. Paul-based PCG will help HomeServices expand its insurance offerings nationwide.
Entry-level houses are the one big void in metro's residential rebound.
Despite thousands of new apartments in the Twin Cities metro area, the rental market has remained relatively stable, according to a year-end report released this…
The site once held the Gates Mansion. At 38,000 square feet, it was the largest house ever built in Minneapolis. The new structure will be 8,800 square feet.
Despite frustration and tragedy, a Scandia builder kept working on a distinctive caulk and finally broke through on QVC.
Two early-year reports showed drop-offs in residential and nonresidential building permits.
Rising home prices and a stable economy are keeping mortgage defaults at bay in Minnesota. The foreclosure rate statewide last year fell 13 percent to…
Lakeside living offers five-star custom-home-like amenities in larger rentals -- for a price.
Even the laundry business is being transformed by smartphones, software and entrepreneurs like Jeff Gardner.
Mortgage rates are still very low, but a continued dearth of listings is having a big impact on the market.
The decision comes after months of speculation about whether Lux would build apartments or condos on the site at 200 Central Av., now the location of a Washburn-McReavy funeral home.
But number is still far short of metro-area demand, analysis says.
Across the metro area, ordinary homeowners are thinking about whether to cash in on the action of big-time events coming soon.
As housing demand soars, Minneapolis' North Side has many empty lots with few takers after teardowns are never rebuilt, contrasting starkly with booming construction in the rest of the city.
More homes changed hands in the Twin Cities last year than any other year in a decade, and the median price was just 4.5 percent below the all-time peak in 2006.
Brian Call, president of Rubicon Mortgage, steps into the role of president of the Minnesota Mortgage Association at a particularly challenging time for the industry.…
Twin Cities residential construction rose in 2015, fueled largely by rental demand
Twin Cities home prices continued to gain strength in October, according to data released Tuesday that underscored the likelihood that the market’s winter slowdown would…
At the market's exclusive level, houses that couldn't be replicated today are sitting unsold as well-to-do buyers seek technology over turrets and perfection over patina.
The savings, landlords say, will help them cope with double-digit increases in property assessments and a tight labor market that has driven up wages.
Elness Swenson Graham Architects Inc., simply called ESG, dominates the Twin Cities market in the design of new housing and hotels, and they shepherded dozens of difficult projects in historic districts in recent years.
Mild weather and low (for now) mortgage rates mean Twin Cities boom year is closing strong.
Construction to start soon on a 25-unit building, with a 50-unit senior cooperative also planned.
Ohio-based M/I Homes enters the market with the acquisition of Hans Hagen's namesake firm.
Twin Cities software developer starts StickyApps to enable photographers to become website developers
Local techie aids photographers in supplementing their income by becoming website builders
Apartment giant has been on a Twin Cities property binge.
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