Lower home supply in Minnesota leads to decline in closings in July

A limited housing supply contributed to a drop in home sales in July compared to last year, according to the latest monthly Minnesota Realtors report.

EXPLAINER: Is Minnesota doing enough to limit evictions?

As of June 7, roughly 3.2 million people in the U.S. said they would face eviction within the next two months, according to the U.S. Census Bureau’s Household Pulse Survey.

Minnesota real estate listing software errs, confusing participants in hot market

The real estate listing software Northstar MLS updated its software last weekend, but it broke the system realtors, buyers and sellers use to navigate the market.

US housing market booms as buyers enter bidding wars amid low supply

“The housing market is hot. Very hot,” National Association of Realtors Chief Economist Lawrence Yun told FOX Television Stations. But Yun predicts that things could soon cool down.

‘Historically’ high lumber prices adding more than $35K on average to new home price tag

While many businesses have slowed during the COVID-19 pandemic, the home-building industry has seen a boom — but it could be at risk due to a lumber shortage that has triggered skyrocketing prices for the material.

Family lists Milwaukee Avenue Historic District home in Minneapolis

For the last six years, Milwaukee Avenue has been an oasis in the middle of the city for Garrett Peterson and his family, but in a couple of weeks, they will be putting their home in the Seward neighborhood of Minneapolis up for sale to move closer to their jobs.

California law prioritizes people over corporate home-buyers

The bill is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession. The issue drew national attention a year ago when several homeless mothers calling themselves Moms 4 Housing moved into a vacant, corporate-owned house in West Oakland.

Industrial real estate remains strong amid pandemic

Ground broke this week on what is said to be one of the last empty industrial plots of land in the “Golden Triangle” between I-494, Highway 169 and Highways 212 and 62.

Cabin life calling more Minnesotans as sales skyrocket
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Heading to the cabin has long been a source of comfort for Minnesotans, but in the middle of a pandemic... cabins are more popular than ever. Minnesota Realtors CEO Chris Galler joined the Buzz to chat about the new trends in the vacation homes market, and why more families are investing in a home away from home.

Is it a good time to sell your home? How about refinancing? Twin Cities real estate expert weighs in
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Amid the pandemic, the real estate market in the Twin Cities is still going strong --but consumers may have some new questions. Mark Parrish from Lakes Sotheby's International Realty joined the Buzz to help guide those looking to sell, buy, or refinance.

Existing home sale plunge 9.7% in 3rd straight monthly drop

The National Association of Realtors said Monday that the monthly decline pushed sales down to a seasonally adjusted annual rate of 3.91 million, the slowest pace since a home buyers tax credit expired in October 2010.

US existing home sales plunge 17.8% in April

The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest pace since September 2011.

Adjusting to a changing landscape: Minnesota realtors take steps to protect buyers, sellers
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You'll likely notice some changes on your next home tour. Minnesota Realtors CEO Chris Galler joined the Morning Buzz to chat about the safety precautions now in place to offer protections to buyers and sellers.

Residential real estate market continues to thrive during COVID-19 restrictions

While many industries are struggling during the coronavirus pandemic, one industry is continuing to thrive, as March was a great month for residential real estate.