Minnesota home prices up $142K in 10 years, affordability hits new low: Report

Minnesota homeowners have seen a dramatic rise in property values over the past decade, well outpacing wages in the process, according to a new report.

20% of homebuyers are Gen Z — here’s where they’re buying

Gen Z is becoming a growing force in the U.S. housing market, now accounting for nearly 1 in 5 mortgage requests nationwide. Here’s where they are buying.

Minnesota HOA Bill of Rights signed into law by Gov. Tim Walz

Minnesota Gov. Tim Walz has signed into law a package of homeowner protections that lawmakers have called the “HOA Bill of Rights."

Minnesota housing misses goals
video

The Twin Cities missed annual goals for new housing, affordable units and Black homeownership, according to a recent report. FOX 9’s Leon Purvis has the details.

Twin Cities housing: Minnesota misses 3 annual goals for first time since 2022

A new report from the Minneapolis Fed shows the Twin Cities came up short on all three of its annual housing goals, raising concerns about the region’s progress in building homes and closing the homeownership gap.

HOA reform bill passes Minnesota House

Minnesota lawmakers in the House of Representatives announced the passage of legislation they are calling the Homeowners Association Bill of Rights.

Where your state ranks on housing costs — The most and least expensive revealed

A new WalletHub analysis finds that housing costs in the U.S. have risen sharply in recent years, outpacing inflation and putting increasing financial pressure on households.

Minnesota manufactured homes bill of rights: Senate passes, House stalls

Minnesotans living in manufactured homes are celebrating a big step forward in the Senate, but the future of their protections is now in doubt.

Lakeville pauses new housing construction
video

The Lakeville City Council has unanimously approved a pause on construction permits for new homes. Lakeville Mayor Luke Hellier joins FOX 9’s All Day to talk about why the ban passed, as many cities are looking to expand.

Lakeville City Council approves 1-year pause on new home construction

The Lakeville City Council unanimously approved a one-year moratorium on new home construction Monday night, citing the need to study how future growth will impact the community.

Lakeville pausing new home construction for 1-year
video

The Lakeville City Council passed a one-year moratorium on applications for new home construction, though it has several exemptions. FOX 9's Bill Keller reports. 

US home sales hit 9-month low as rising mortgages, Iran conflict weigh on buyers

U.S. existing home sales fell 3.6% in March to a nine-month low of 3.98 million units, pressured by tight inventory, higher mortgage rates, and labor market concerns.

Homebuyers are back despite rising rates — What to know

Homebuying rebounded in March as strong demand fueled a spring surge, despite rising mortgage rates, according to Zillow.

Mortgage rates increasing again amid Iran war

The economic fallout from the war in Iran is driving up the cost of buying a home. The average 30-year fixed mortgage rate increased this week to its highest level in nearly seven months - 6.46%.