Recent content from Jim Buchta
Metro builders lament lack of supply amid dramatic increase in demand for housing.
Zillow, other iBuyers say their approach makes selling a house easier; others are not so sure.
The market appears to be giving renters more clout, aligning supply, demand.
Upper-bracket home sales are being fueled by record low mortgage rates, rising home equity and a hot stock market that's enabling wealthy homeowners to trade up to even more expensive homes.
Last month ended with 43% fewer homes on the market than a year ago, suggesting a challenging 2021 for buyers.
Home sales were up sharply across the state last month, with northern regions posting the largest gains.
Purifying systems and other features are being built to ease concerns during pandemic.
With few homes on the market, a trade group says surging demand has 'the market moving at an incredible pace.'
Pandemic is turning Twin Cities housing market inside out, with remote work lessening downtown's appeal.
With mortgage rates falling to record lows and a pandemic upending how and where people want to live, sales exceeded new listings throughout much of the metro. Find out how your community fared in our searchable Hot Housing Index for 2020.
Buyers took advantage of historically low mortgage rates as the pandemic fueled a surge of suburban demand.
As the apartment-vacancy rate in downtown Minneapolis rises and developers struggle with market uncertainties and development challenges, plans to build two high-end towers with a…
Tightened regulations theaten an increasingly popular rental option, critics say.
Monthly trade group survey shows rent payments overall remain relatively stable despite economic strain.
Apartments languished as buyers turned to bigger homes in suburban markets.
In an essay published a few months before he died late last month, Jay Walljasper challenged the popular notion that everyone should maintain a single…
iBuyers control just a sliver of the red hot U.S. housing market, but still believe convenience will help them prevail.
Firm adds to development team to boost offerings for seniors, working class.
Sales keep surging, though agents say signs are emerging that buyers are getting wary of rising prices.
Consultant SagePresence finds online pivot has it positioned for dual-role growth in 2021
Despite the pandemic, Twin Cities housing construction permits continue to outpace last year.
Amid pandemic, apartments in Minneapolis, Edina target low-income tenants.
North central Minnesota saw closings jump 63% in October, according to data from a trade group.
The development will include two buildings with tweaked designs to address COVID-related issues.
Agents say that, for now at least, supplies of available urban condos and townhomes exceed demand
Low rates helped drive surge; the average 30-year fixed-rate mortgage slipped Thursday to 2.72%.
Downtown Minneapolis, St. Paul are seeing the most empty apartments.
Weary of uncertainty and layoffs, a bumper crop of new agents takes advantage of busy market.
New apartments near Loring Park will repurpose century-old mansion as a social hub.
Permit data show construction of single-family homes continues to surge, while far fewer apartments are being built.
Sally Jean Milroy's compassion nourished a long career in nursing. Her curiosity inspired her to start a cattle ranch and vineyard. As a mentor and…
Twin Cities suburbs have enjoyed surging interest from home buyers as the pandemic has upended how people work, amid rising crime and lingering unease following spring riots. But home sales are also on the rise in St. Paul and Minneapolis.
Low interest rates fuel surge in demand in September, when sales usually slow down.
Daymark Uptown and a familiar tenant have settled in on West Lake Street.
A greater share of metro apartment dwellers missed their rent payments last month as aid expired.
A restaurant, event center and pavilion are up next, all part of a sprawling $100 million redevelopment project.
The surge, the most since 2005, to build single-family homes is fueled by low rates.
With nearly one-third fewer homes on the market than a year ago, the metro's median sale price rose 10%.
Concessions are most common in upper-end Minneapolis buildings while renters in less costly apartments are unlikely to share in breaks.
A do-it-yourself home-improvement and construction boom has sent the price of lumber skyrocketing, as sawmills and strand-board manufacturers, including in Minnesota, scramble to keep up with surging demand.
The travel downturn because of the coronavirus is hitting short-term leases especially hard.
The proposed development comes as thousands of new units are in the pipeline for a downtown hit hard by a pandemic and unrest.
Builders point to COVID delays and regulatory issues for sharp decline in permits.
As a roving editor for Reader's Digest, John Hubbell had it made. He worked from home, had an unlimited travel budget and crossed paths with…
Eighteen of the 255 units in the $75 million project will be income-restricted.
With relatively few houses on the market, sellers are getting more than their asking price.
Developers plan to add thousands of new units in an economy upended by the pandemic.
With rising commercial vacancy rates, developers are imploring city planners to let them build more apartment units on street level.
The state's stalled bonding bill is another complication as county leaders are seeking $40 million in state funding.
The goal is to develop or acquire 400 to 450 units over the next several years in South Dakota, a CommonBond Communities official said.
Demand for houses on lakes that are a couple of hours from the Twin Cities is high, especially properties with decent internet access.
With buyers able to tap financing at low rates, demand is surging for homes.
The owner of Curran's cites the pandemic for ending a 70-plus-year run for the family business.
Nonprofit will build 172 new apartments and rehab 306 others on site near Mall of America.
After two sluggish months, metro home buyers returned in force last month but are competing for a dwindling number of listings.
The developer plans 228 units in two buildings as part of the first phase of redevelopment of former industrial site.
The developer of a project proposed along E. Hennepin Avenue wants to include street-level apartments, dispensing with retail.
Minnesotans are taking to the road this summer, boosting demand for resorts, vacation rentals and campgrounds in places where social distancing happens naturally.
June was the second consecutive month that saw a big drop in building permits, reflecting logistical challenges and unease over demand.
The apartments were expected to hit the market later this year.
Industry hit by a collapse in leisure and business travel worse than post-9/11.
Fewer houses are hitting the market and prices are drifting upward despite a grim economy.
It will be among four large apartment projects totaling nearly 1,200 units combined that will be reviewed this week.
Payments faltered the most in less-expensive apartment buildings.
The Twin Cities and the nation saw delinquency rates surge to historic levels in April along with unemployment.
But some changes, like virtual tours, are likely to stick around.
Both developers and the residents they serve have been forced to reassess their plans.
Permits for houses slip 25% after strong start.
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.'