Recent content from Jim Buchta
In the Twin Cities metro, apartment construction increased while single-family housing declined during June
The founder of Kris Lindahl Real Estate says copycats are co-opting his arms-out pose that's on billboards across the state.
Lake homes are a hot commodity in 2022, but rising mortgage rates and gas prices could make it a little easier later this year.
Much overdue renovations of the Minneapolis riverfront office complex will focus on deferred maintenance and attracting new office tenants.
Houses in the Twin Cities are now "lasting on the market for more than a few hours," one Realtor said.
Amanda Zielike and David Decker created HouseNovel, a website that combines photos and stories about homes.
Twin Cities-based HomeServices of America said it had acquired Berkshire Hathaway HomeServices New Jersey Properties, which has more than 600 agents in northern and central New Jersey.
Rental construction soared while single-family construction fell, according to a monthly building permit report.
The real estate market in Minnesota's lake country is even tighter than in the Twin Cities these days.
Sherman Associates joins Polaris Properties in a long-awaited overhaul of a complex that covers nearly an entire block.
The Federal Reserve of Minneapolis found that income differences account for just a portion of the gap in mortgage approvals by race.
The proposal comes amid soft demand for downtown office space, and would preserve an iconic mural made famous by Prince on the wall of the adjacent Schmitt Music building.
Agents say higher mortgage rates are bringing Twin Cities sellers into market, as they fear their pricing power is about to erode.
Backers of MyAtlas say it was designed to let buyers and sellers track the progress of a home purchase just like when you buy a pizza.
Mortgage rates are at their highest level in more than a decade — and moving quickly.
With fewer vacant apartments in the Twin Cities, rents increased slightly during the first three months of the year.
Permits to build houses and apartments soared last month after a sluggish start to 2022.
Developer Grant Carlson plans to use technology to run two historic boutique hotels.
She did what she could to make the lives of her neighbors a little better.
Prices in the Twin Cities area are rising at about half the national average, attracting buyers from more expensive parts of the country.
The number of home sales fell again in the region last month as supply tightened further and prices rose.
The 350-unit Berkman Apartments, which opened in 2020, sold for $536,000 per unit.
During the pandemic, nearly 20,000 people signed up to sell real estate in Minnesota.
With listings dwindling, there are now bidding wars for upper-bracket houses in the metro area.
Apartment construction increased while single-family units retreated.
A shortage of listings in February caused a decline in sales but an increase in prices.
The mall's Houston-based owner had tried to sell it just before the pandemic but then put its plans on hold.
The RBC Gateway tower is the tallest office building to be built downtown in 30 years and is expected to bring round-the-clock energy to the north end of Nicollet Mall.
Permits to build apartments and single-family houses fell to the lowest level for any February since 2016.
There were fewer apartment vacancies in the Twin Cities, but rent gains were modest and were among the lowest in the nation.
The most dynamic neighborhood in Minneapolis for home buyers last year was in the northeast corner of the city, according to the Star Tribune's Hot Housing Index.
Atlanta-based Bridge Investment Group has acquired two of the three buildings at Excelsior Crossings.
Higher mortgage rates and a shortage of listings stifled sales and increased demand in some areas.
These communities had the most listings, lowest price increases and least amount of competition, according to a Star Tribune list of the best markets for home buyers.
The company recently bought industrial buildings in Minnetonka and Edina, expanding its holdings in that fast-growing sector.
On Monday, brokerage Redfin said 38% of single-family homes for sale in the Twin Cities metro during December were new construction — the second-highest share of the 50 metros surveyed.
The exurbs rose in popularity and price as the pandemic unfolded in 2020, and then they took all 10 hottest spots this past year.
Space and lower prices helped cities on the edge climb to the top of the Star Tribune's latest Hot Housing Index.
The residential real estate market was so tight in 2021 that the average sale price rose 11%.
Office park built for 7,000 people may soon have only 2,000 to 3,000 people in it each day, while the rest work at home.
The project will be the biggest development in the city, one of the fastest-growing in the metro area.
Its parent company, HomeServices of America, also announced three other deals across the country.
Rental apartments accounted for more than half of all housing construction during 2021.
The money will boost the county's normal one-year spending by more than 60%. Its goal is to help 1,000 homeless people and create 2,000 affordable housing units.
Ryan Cos. and Weidner Homes expect to break ground this spring on the 24-story tower.
The non-profit developer of Amber Apartments in Minneapolis had ten times as many tenant applicants as the building had units.
Home buying last month was on par with last year, but prices are still on the rise.
The company plans a national expansion for its senior housing business, which will be branded Amira.
Developer of the project on Lexington Parkway said the investment partner cited the new rent control statute passed in November.
The effects — higher prices, greater competition and out-of-state landlords showing less care for properties and renters — are becoming harder to ignore as some neighborhoods are transformed.
Despite the decline in single-family construction during November, apartment construction increased slightly, putting housing construction on track to beat 2020.
The iBuyers aim to upend the traditional brokerage model by offering nearly instant cash offers
But the year-ago numbers were inflated because people were catching up after the pandemic disrupted spring and summer shopping for houses in 2020.
Demand for suburban rentals is driving metro-area rent gains. There's less demand in downtown Minneapolis and St. Paul, and studios aren't hot anymore.
Group studied the impact of urban unrest, rising crime and the COVID-19 pandemic on the Twin Cities housing market.
The company, which hoped to revolutionize home buying and selling, has fewer than 200 listings in the Twin Cities, a market where about 6,000 homes are sold monthly.
Julia Lashay Israel is the new Head of Inclusion and Belonging for Keller Williams, helping its diversity efforts and training other real estate agents.
Despite the October decline, single-family permits so far this year are outpacing 2020.
The sprawling facilities add to a rapid expansion of the metro's industrial warehouse sector.
The lack of affordable housing is getting worse for the lowest income families each year, with house prices at record highs and rents on the rise.
The fall market hasn't been as brisk as it was last year, but it remains one of the strongest seller's markets in recent years by virtually every measure.
Travelers seeking the nomadic lifestyle without the hassle of RV ownership embrace a growing number of local and national websites.
'Fervent pace' dropping, but construction remains above historical averages in part because of strong demand earlier this year.
Carleton College must match grant to receive the Schuler Education Foundation funds.
Public and tribal schools in Minnesota will have until Oct. 15 to apply for grants that will help fund COVID-19 testing programs for students and…
After more than a decade of underbuilding, the lack of housing poses a growing threat to the region's economic growth.
There was a double-digit annual decline in house listings.
The rental market in the Twin Cities is showing signs of a rebound with property managers reporting declining vacancies and rising rents so far this year.
Buyers signed slightly fewer purchase agreements last month compared to July 2020. And prices rose at a double-digit percentage rate.
The housing market in the Twin Cities is still on fire, but monthly sales dropped in June for the first time in more than a year.
A spotlight on deferred maintenance is prompting Minnesotans to question if enough is being done to maintain their buildings.
Independents are typically locally owned and unaffiliated with a franchise — and are growing quickly.
Permits to build single-family homes in the Twin Cities increased 63%; permits to build rentals lagged.
The project will include nearly 800 apartments and townhomes, a new pond and better access to the popular creek.
A surge in single-family rentals in Hennepin and Ramsey counties is eliminating options for minority and low-income buyers.