Recent content from Jim Buchta
Permits for houses slip 25% after strong start.
The apartments were expected to hit the market later this year.
Zillow says online house searches in April showed similar geographic mix as a year ago.
Signed purchase agreements dropped 20%, but the sales that closed in April showed buyers still paying top dollar.
As it turns 100, Minnesota Realtors, a statewide trade group, looks ahead, including a rebranding.
Twin Cities designer Gregory Rich says an uncertain economy prompted a new vision for reworked design center.
Temporary rentals going to traveling nurses, those stranded or in quarantine.
An economic collapse has yet to generate anticipated spikes in unpaid rent, but elevated vacancy rates seen reaching into 2024.
Developer remembers the economic hit from being too optimistic in Great Recession, 'I'm not going to make the same mistake again.'
They're finding a need for clarification at a time when uncertainty and skepticism are intensifying.
April saw an 16% increase in permits to build houses and apartments, keeping 2020 on pace to exceed year ago levels.
It comes as unemployment claims soar and rents come due for the second time since a statewide stay-at-home order began.
Developers remain bullish about the long-term prospects for rentals in the best locations in the Twin Cities.
The median sale price increased 8% to $297,000 in the metro despite a slow end to the month.
Showings have fallen off, but deals are still being completed thanks to online tours and curbside closings
Total units were down from last year in Twin Cities construction as builders weather pandemic.
Help is available from federal, state and local sources, but you need to act quickly.
Housing advocates and nonprofits in the Twin Cities say delays in assistance have left many in limbo.
What had been shaping up as the best spring selling season in a decade is now threatened by a virus-induced economic downturn.
For now, work continues on dozens of new projects but many not yet underway could be shelved.
From destination dining to walkability scores, these five communities check all the boxes to become the Twin Cities' next hot spots.
Agents are encouraged to use virtual house tours to minimize contact.
Realtors are changing the way they sell houses as they brace for economic downturn.
Just a couple weeks ago, Tony Wiener's Oakdale-based homebuilding and remodeling company was on track to have one of its busiest years ever. Today, he's…
The event will be suspended until at least April 2.
The fear of the economic fallout extending to jobs and incomes has some buyers and sellers on edge.
"I've never seen anything like it before," one 30-year industry veteran said.
Competitive bidding driving price of many above asking price.
Low mortgage rates, shortage of existing houses, led to big month.
Apartment developers in the Twin Cities are accustomed to ginning up out-of-the-box amenities aimed at wooing renters and setting themselves apart in an increasingly competitive…
Sales increased last month as the number of houses on the market declined, pushing the median sale price to $270,000, a January record.
The 2019 average of $1,290 a month was nearly 6% higher than the year before, according to a Marquette Advisors report. For renters, relief could be on the way with more construction.
Find out how your community fared in our searchable Hot Housing Index for 2019.
First-time buyers and baby boomers are getting priced out of newer, more expensive suburbs and popular urban neighborhoods.
While rentals will dominate, low rates could boost new for-sale homes .
A city commission will review a proposal by CA Ventures, which has two other Minneapolis projects in the works.
The development plan, which includes 550 rental units, offices and clinics, would enable the hospital to conduct an immediate expansion, its CEOs said.
Residents find new and creative ways to share their lives.
Former real estate pro believes the platform is just the right medium to bring specialized content to niche audiences.
2019 was a blockbuster for residential construction, up 21% over last year
A nonprofit is betting that solving homelessness requires small house groups and a broad community to lend support
Demand for least-expensive houses goes unmet, but move-up inventory is plentiful.
Decked-out gathering spaces with fully outfitted kitchens and dining tables are big enough for the whole family.
Apartment developers are on track to deliver a record 6,000 new units this year and even more in the coming year — most of them in the Twin Cities suburbs.
New policy would require properties to hit MLS sites just after marketing starts.
Jeffrey Mandyck explains the cutting-edge 21st Century Development (21CD) model and matrix.
Distraught after a son's death, and baffled that the treatment didn't work, she started researching the underlying causes of addiction.
It is likely to be a record year for multifamily units. Production of single-family homes is catching up quickly.
The 5-year-old Woodbury boy, critically injured in April, is back in school and walking without a limp, according to his family.
Officers heard his calls for help but were unable to get to him in time.
Local real estate photographer is developing tools to help amateurs take top-quality real estate photos on their phones.
Shortage of Twin Cities entry-level homes continued in October as sales were brisk for higher-priced properties.
Four new projects in Minneapolis will bring about 180 new condos priced in excess of $1 million to one of the most rarefied real estate markets in the metro.
The building across the street from U.S. Bank Stadium struggled to attract office tenants and has been empty for at least a decade.
The company said the Virginia office will operate as a satellite of its Duluth hub.
The shorter building would have 300 rental units; city planning staffers have concerns about the proposed design.
Residential construction started slow in 2019 but has gathered steam in recent months.
Artspace's 100-unit building will go up on once-blighted site in the Harrison neighborhood.
The Minneapolis architecture firm founded in 1981 has racked up nearly 200 major design awards.
Prices are still increasing despite slowing sales, but at a slower rate than last year.
Developer says the 17-story downtown Minneapolis complex is already half-leased
A Chicago developer is pitching an ambitious project that would reinvent a commercial block that includes the McDonald's at 4th St. and 15th Av. SE.
A northeast Minneapolis apartment building appears to be meeting expectations for extremely low energy use.
September new construction permits up 6% from last year, as supply of entry level existing homes remains tight.
LHB architectural and engineering firm bought St. Paul-based CRA in deal that closed Tuesday.
Rosedale's plan is to build a new neighborhood with offices, apartments, green space and shops, as well as retail.
Work set to begin on Eleven on the River in the Mill district, but the nearby Alia project is a no-go.
William "Bill" Merritt Evans didn't have much formal training, but he became an internationally known New Orleans-style jazz musician with a flawless ear for chord…
Sellers accepting slightly lower prices for homes as market enters slow season
Developers to present modified plan to Minneapolis Heritage Preservation Commission on Tuesday.
A planned ordinance that requires builders to include income-restricted units in new buildings may push Doran Cos., one of city's biggest developers, out of the market, its leader says.
The bank said workers will move into redesigned space on the 10th floor of the 58-story Minneapolis tower.
Investors hope to draw a new generation of renters who want maintenance- and mortgage-free life without sharing a wall, hall or garage.
Builders are now pulling permits to build houses at a brisk pace after a slow start to 2019.
A widely watched national home price index shows prices in June increased 3.9% over previous year.