Here’s the latest real estate news around Minnesota of interest to property buyers, home sellers, renters, landlords, property managers and the generally home-curious.
Homebuilders’ confidence rises with demand for new homes. Confidence among home builders grew in August alongside the rising demand for new homes, according to the National Association of Home Builders and Wells Fargo Housing Market Index.
Home prices hit yet another new all-time high. Home prices increased in the second quarter of 2017 to yet another all-time high due to low levels of housing supply, according to the latest quarterly report from the National Association of Realtors.
With $15 wage done, Minneapolis activists and city officials turn to affordable housing. Emboldened by their victory in raising the minimum wage to $15 an hour, low-income advocates and Minneapolis officials are pivoting to their next battle — intervening in the market to try to make rental housing more affordable.
Lawsuit against 2 Minneapolis landlords gains class-action status. A rare class-action lawsuit against two Minneapolis landlords could cost them millions of dollars and benefit thousands of low-income tenants if they prevail.
Here’s our top tip of the week: The 5 Most Common Reasons Tenants Leave Your Rentals. Here’s why renters are leaving your units and what you can do about it.