Lots of housing news today, here's what caught my eye:
- More than half of all home sales during 2012 and so far this year were bought with cash, according to a new report from Goldman Sachs Group. Prior to the crash, only 20 percent of all deals were made with cash.
- U.S. foreclosure filings during July rose 2 percent after a 6-percent increase in foreclosure starts, according to a new report from RealtyTrac. That was the first increase after rates fell to a 78-month low.
- With new home selling and demand on the rise, builder confidence in the U.S. rose to the highest level since August 2005.
- The average 30-year, fixed-rate mortgage this week was unchanged from last week, according to several weekly rate surveys. Freddie Mac, for example, said that the average 30-year fixed-rate mortgage was 4.4 percent, unchanged from the previous week.
- What's coming in the Sunday paper: I'll have an interview with Ron Elwood, the Legal Aid attorney who shepherded a new foreclosure relief bill through the legislature. He'll explain what it means to consumers.
More from Star Tribune
More from Just Listed
A brick-clad 13-story building with 318 apartments in downtown Minneapolis and a five-story building on an actual island in the shadow of the Carlson headquarters in Minnetonka are finding a way to stand out in a rental market that has exploded with options in recent years.
Home building was down nearly six percent during September; apartment construction was up slightly
U.S. Bank is providing the money to make the Hewing Hotel in Minneapolis a reality. The project involves a major rehabilitation of the historic Jackson Building in the trendy North Loop neighborhood.
Jeff Schoenwetter wants to build about 20 upscale condos on the Meyer Bros. Dairy site
The Opus Group started construction today on the Seven Corners Hardware site, a key corner near the Xcel Energy Center in St. Paul. The six-story, U-shaped apartment and retail project includes 11,500 square feet of ground-level retail and 191 residential units, from studios to three-bedroom townhomes.