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Buying & Selling Homes in the Twin Cities
 

TESTIMONIALS
We had our house on the market for almost three months with another real estate company when we decided to switch to Matt Graff. He helped us stage our home and recommended a few improvements. Within one week we had three offers on the table and sold our house for the asking price. He was very professional, proactive and able to come through in the clutch. Thanks Matt!

Randy & Jenny Engelmayer
Fridley

 
 

TWIN CITIES REAL ESTATE NEWS

Courtesy of Google News
Real estate market shows signs of shift | Business  SW News Media

For the first time since April 2015, there were more homes listed for sale in the Twin Cities metro than the same month the year prior, according to the ...


More homes on Twin Cities home market, a good sign for buyers  Star Tribune

Rise in listings, decrease in sales suggest Twin Cities area prices should decline. But for now, median sale breaks $265000 in November, a record.


Hy-Vee bets on real estate turnarounds in the Twin Cities  Grocery Dive

Hy-Vee has set its Minnesota expansion sights on underappreciated real estate vacated by other retailers, according to the Pioneer Press. The Iowa-based ...


YIMBYs — ‘yes in my back yard’ — challenge St. Paul housing, biking, status quo  St. Paul Pioneer Press

They want more housing density, taller buildings, apartments on top of apartments, street-level retailers and tap rooms in residential areas, and public transit to ...


List Leaders: Largest Real Estate Developers (slideshow)  Minneapolis / St. Paul Business Journal

The top two companies on the Business Journal's 2019 list of the 25 Largest Real Estate Developers in the Twin Cities hung on to their respective rankings from ...


Twin Cities Company Launches the Most Dynamic and Efficient Way to Manage Property  PR Web

TracFax platform collects data from property managers, *service* providers, maintenance personnel and others for real-time sharing. EDEN PRAIRIE, Minn.


Map: Black homeownership rates in Twin Cities are among the lowest in the U.S.  MPR News

Minneapolis and St. Paul rank among the bottom in the nation in homeownership rates for black households, according to new analysis from the APM Research ...


Seven mistakes to avoid when renovating older houses  St. Paul Pioneer Press

Digging into your home's past can be fun, but it can also help you make aesthetic decisions and avoid costly mistakes. Architect Anik Pearson recalls a New York ...


New manager being hired for Viking Plaza Mall  Alexandria Echo Press

Scot Snitker said he is done — for now. Snitker, a national portfolio manager and partner of Lexington Realty International, was the manager of the Viking Plaza ...


Retail vacancy rate hits 8-year high in Twin Cities  KARE11.com

MINNEAPOLIS — The rise of online shopping and downfall of big-box stores contributed to a 9.4-percent retail vacancy rate in the Twin Cities at the end of 2018, ...


Big deals fuel Twin Cities 2018 office market  Finance and Commerce

The big office deal was back in 2018 as high-dollar sales paced the Twin Cities market to twice the prior year's volume. Four metro office buildings sold for more ...


Real World Economics: More gimmicks, this time ‘opportunity zones’  St. Paul Pioneer Press

The final announcement of Minnesota's “Opportunity Zones,” in which investments will get tax subsidies from the federal government, again verifies the Book of ...


Two Harbors Investment Corp. Secures Competitive Affordable Housing Program Grant for Twin Cities Habitat for Humanity  Business Wire

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO), a leading hybrid mortgage real estate investment trust, today announced that ...


After landing Uber as client, Twin Cities tech marketing company went into overdrive  Star Tribune

Thanks to the growth of Uber and other clients, Imprint Engine was recognized recently as one of the fastest-growing privately owned Twin Cities companies, as ...


Once-hot Twin Cities housing market is beginning to cool  Star Tribune

The Twin Cities housing market, after one of the most frenetic summers on record, is beginning to cool. Home sales are down from a year ago, more sellers are ...


Are Mixed-Use Projects the Right Path Forward for the Twin Cities?  Twin Cities Business Magazine

We explore the benefits and challenges of the mixed-use development approach.


Twin Cities housing market may be beginning to cool, but it's still quite hot  Minneapolis / St. Paul Business Journal

There were more early signs in September of a return to a more balanced housing market in the Twin Cities, according to the Minneapolis Area Association of ...


Twin Cities housing affordability hit another 10-year low in October  Minneapolis / St. Paul Business Journal

Home affordability in the Twin Cities metro area hit another decade-low in October, according to the Minneapolis Area Realtors' latest survey released Friday.


Twin Cities housing market still smiling on sellers  Star Tribune

The summer of 2018 is stacking up to be the most competitive on record for Twin Cities home buyers. In June, for the second month in a row, the average home ...


Cohen, ex-Trump lawyer, to testify publicly before Congress  St. Paul Pioneer Press

By MARY CLARE JALONICK, ERIC TUCKER and CHAD DAY. WASHINGTON (AP) — President Donald Trump's former lawyer, Michael Cohen, will testify ...


Experts say Twin Cities housing market could shift to favor buyers, but not soon  Star Tribune

Relief is on its way for home buyers in the Twin Cities and beyond who are frustrated by a lack of house listings and lightning-fast sales, according to a survey of ...


St. Paul’s 2019 wish list includes legalized pot, college savings accounts, more state aid — and a new Kellogg Boulevard bridge  St. Paul Pioneer Press

St. Paul officials hope the new year brings several items from the Legislature — legalized recreational marijuana, college savings accounts for kids, new housing ...


Meet Tim Walz’s administration: those who will run MN’s government  St. Paul Pioneer Press

As Tim Walz prepares to become Minnesota governor Monday, here are the leaders he has picked for 22 executive branch agencies, the people who will make ...


Twin Cities Realtors Say Housing Market May Be Cooling  WCCO | CBS Minnesota

MINNEAPOLIS (WCCO) — Twin Cities realtors say the latest monthly indicators point to a market cool down. The median price for a home in July was $268,000.


Even after 35 years, group of Twin Cities commercial real estate pros is still meeting, growing  Minneapolis / St. Paul Business Journal

Five or six guys met once a month, gave each other advice and, eventually, did deals with each other, bought property from one another and invested in ...


Why now is a good time to buy a $1M house in the Twin Cities  Bring Me The News

Ever dreamt of living in a million-dollar home? Well, this is the time to strike. Don't get us wrong, we're perfectly aware that such a home is out of reach for most ...


The most anticipated Twin Cities restaurant openings of 2019  Star Tribune

So much to look forward to in the new year when it comes to *fresh* eats.


On St. Paul’s Grand Avenue, new arrivals and notable departures raise concerns  St. Paul Pioneer Press

At the Grand Hand Gallery on St. Paul's Grand Avenue, two new owners in their late 50s and 60s are making a go of it despite limited experience working retail.


Study: Minnesota commercial real estate industry leaders getting more pessimistic  Minneapolis / St. Paul Business Journal

Commercial real estate professionals in the Twin Cities are getting a little more gloomy, even if they're not worried about a major downturn.


Twin Cities still a sellers' market, but a shift could be emerging  Star Tribune

Supply remains tight, but there's been an uptick in the number of homes hitting the market, and prices are starting to moderate.


Twin Cities Business – Leaders in Giving: Companies and Foundations  Twin Cities Business Magazine

A look at philanthropic efforts by mission-driven businesses.


Twin Cities home sales slipped in October, inventory increased  Star Tribune

Frustrated by a lack of options and rising prices, many would-be home buyers in the Twin Cities took a breather last month. But with house listings in short supply ...


Opendoor looks to become big player in Twin Cities housing market  Star Tribune

With house prices teetering at record highs and buyers outbidding one another in some areas, it seems the last thing the housing market in the Twin Cities ...


Buying? Selling? Flipping? Twin Cities houses selling at breakneck pace  MPR News

The Twin Cities housing market is booming this year. Real estate experts say they haven't seen properties sell this fast in the 16-county metro area since the ...


Report says Twin Cities commercial real estate outpaced expectations in first half  Star Tribune

Office, industrial and retail space continues to be filled in the Twin Cities even as companies consolidate their space and some retailers close stores. According ...


Twin Cities industrial real estate sector is on the rise  Star Tribune

Growth of e-commerce, manufacturing is turning the ugly duckling of commercial real estate into its strongest, most profitable sector.


CommonBond pushes forward on Twin Cities affordable housing projects  Minneapolis / St. Paul Business Journal

CommonBond Communities' plans for three affordable housing projects in the Twin Cities were recently given a bump by grants from the Minnesota Housing ...


Millennials Help Sustain Twin Cities Housing Market Boom  WCCO | CBS Minnesota

MINNEAPOLIS (WCCO) — Metro area home prices have climbed to a record high — and people are still willing to pay. The Twin Cities' housing market is in ...


Why lenders like Twin Cities industrial real estate  Finance and Commerce

Editor's note: Finance & Commerce is running an occasional series about the financing climate for various kinds of commercial real estate. Links to previous ...


Housing construction in the Twin Cities up slightly during August  Star Tribune

Housing construction in the Twin Cities increased slightly last month, with most of the gain coming from a hefty increase in apartment construction. During August ...


Twin Cities sees sharp increase in homes for sale  Minneapolis / St. Paul Business Journal

More home sellers have decided to put their properties on the market, according to a monthly housing report released Monday by the Minneapolis Area ...


Philips buys former Boston Scientific building in Plymouth for $11 million  Minneapolis / St. Paul Business Journal

An entity related to Philips, a Dutch electronics manufacturer, has purchased a former Boston Scientific manufacturing facility in Plymouth for $11 million.


Coming soon: New Marshalls store to open in Twin Cities  The Pantagraph

BLOOMINGTON — A Marshalls department store is expected to open next year in the Twin Cities.


Why aren't there more homes to sell in the Twin Cities? They never got built, study says  Minneapolis / St. Paul Business Journal

Minneapolis/St. Paul is missing tens of thousands of homes that would have typically been built over the past decade or so — but weren't, contributing to a ...


How $300K Homes Differ Based On Where You Buy  WCCO | CBS Minnesota

MINNEAPOLIS (WCCO) — The Twin Cities housing market is so hot this summer, the listing for your dream home could evaporate in days. Last month, the ...


Single-family home construction dips in September, but town homes keep trending  Minneapolis / St. Paul Business Journal

Construction permits for single-family homes plunged in September, while permits for town homes continued to increase, according to the Builders Association ...


2018's most expensive Twin Cities home sales, so far (slideshows)  Minneapolis / St. Paul Business Journal

In the first quarter of 2018, Twin Cities real estate agents sold more than $108 million worth of homes. That's an increase over the first quarter of 2017, when the ...


Bye-bye starter homes: Builders not meeting biggest need in Twin Cities housing market  MPR News

For years, the costs of building a house have risen faster than people's incomes. That's true in Minnesota and across the country. Today, the gap between ...


The numbers don't lie: Twin Cities needs more housing  Star Tribune

Twin Cities metro residential construction activity in 2017 was at its highest level since before the recession, finally getting the region back to its 45-year average ...


No houses available to buy in Twin Cities? Blame rentals  Star Tribune

Chris and Tinen Iles could have easily sold their tidy bungalow in south Minneapolis and used the profit to help pay for a more expensive house they bought ...


Twin Cities home prices hit record as buying cooled  Minneapolis / St. Paul Business Journal

A report found that the median sale price of homes rose 5.7 percent compared to a year ago, reaching a record high of $271900.


Shortage of listings stifles sales, tightens Twin Cities market  Star Tribune

The average number of listings fell below 10000 in April for the first time in decades, leaving buyers with about half as many options as there were six years ago ...


Here's where the most homes are being built in the Twin Cities  Minneapolis / St. Paul Business Journal

Lakeville has seen the most single-family home construction in the Twin Cities thus far this year.


Opendoor already buying a home a day in Twin Cities, new GM says  Minneapolis / St. Paul Business Journal

About a month after launching in the Twin Cities, real estate technology startup Opendoor is buying, on average, one to one-and-a-half homes per day across ...


Town homes in trend across Twin Cities - Minneapolis  Minneapolis / St. Paul Business Journal

The number of permits issued for town homes across the metro surged over the last two months, pointing to trending interest in single-family homes, according to ...


Twin Cities home sales continue slide  Finance and Commerce

Closings of Twin Cities home sales fell for the fifth month in a row in April, down 5.2 percent from a year earlier, according to data from the Minneapolis Area ...


Exit of North Face, Columbia Sportswear highlights Uptown retail challenges  MinnPost

Two high-profile national apparel retailers are leaving the Uptown area of south Minneapolis. The North Face and Columbia Sportswear are both closing store ...


Twin Cities home sales plunge 12 percent as supply thins even more  Star Tribune

The pickings have never been slimmer for home buyers this spring in parts of the Twin Cities, and that's putting a lid on home sales. Buyers across the metro ...


Plymouth-based Dominium is Minneapolis/St. Paul's biggest groomer of real estate developers - Minneapolis / St. Paul  Minneapolis / St. Paul Business Journal

There are at least 27 former Dominium developers who have started their own firms, helmed major projects for other companies or remade properties locally and ...


Twin Cities home sales market will tip toward buyers, but not until 2020: Report - Minneapolis  Minneapolis / St. Paul Business Journal

The market for homes in the Minneapolis/St. Paul metro, which for the past year has given sellers most of the power, could stay that way until 2020, according to ...


What's on the Horizon for Commercial Real Estate?  Twin Cities Business Magazine

Five industry leaders discuss the trends and challenges of today and tomorrow.


Building permits off, but townhouses remain bright spot for Twin Cities  Star Tribune

Homebuilders had a much better month than apartment developers in the Twin Cities metro in November, where construction declined slightly but outpaced the ...


Home listings: What $184900 buys in the Twin Cities area  Minneapolis Star Tribune

Built in 1941, this three-bedroom, one-bathroom house has 720 square feet, and features a large upper-level bedroom, hardwood floors, full unfinished ...


Twin Cities' hot CRE market showing no signs of a slowdown  REjournals.com

Outsiders tend to lump the cities of Minneapolis and St. Paul into one large metro. But while it's true that these two cities, which make up the Twin Cities ...


What Opendoor brings to Twin Cities: New tech, deep pockets  Minneapolis / St. Paul Business Journal

Open Door Labs Inc., a San Francisco-based real estate technology startup, operates in 13 markets across the country; the Twin Cities, its latest, will see an ...


Millennials are jumping in the housing market. Here’s a few things they should know.  St. Paul Pioneer Press

Texas transplants Ashlea and Nick Garrison attended a Twin Cities homebuying class on a Saturday in early May. The couple met with a personal counselor the ...


What it takes to afford a home in the priciest Twin Cities neighborhoods  Minneapolis / St. Paul Business Journal

$146,043: That's the minimum annual income needed to qualify for a 30-year mortgage on a median-priced home in Edina's ZIP code 55424. At $757,900, the ...


Median home sale price hits $268000 in the Twin Cities  Star Tribune

The imbalance between home buyers and sellers in the Twin Cities last month was a little less out of whack than it's been in years, but sellers still rule when it ...


Report: It's now better to rent than own in Minneapolis (but just barely)  Minneapolis / St. Paul Business Journal

As far as wealth creation is concerned, it's now better to rent a home than own one in more big cities, including Minneapolis/St. Paul. That is the conclusion of the ...


Homebuilders innovate to meet changing needs of Twin Cities buyers  Minneapolis / St. Paul Business Journal

Homebuilders are responding to changing consumer habits and a precarious housing market with smaller and more flexible options.


4 Twin Cities industrial buildings sell for $40 million  Minneapolis / St. Paul Business Journal

Altus Properties, a St. Louis, Mo.-based real estate investment firm, has sold four industrial buildings in the Twin Cities for a total of $40.4 million. The buildings ...


High prices for existing homes help construction take off in metro  Star Tribune

As low inventory and bidding wars drive up prices of existing homes in the Twin Cities, May's permits for new-home construction hit their highest level in years.


New report sheds light on Twin Cities housing market  KARE11.com

The rising home prices have helped increase demand for homes, but stifled the opportunity to purchase a home.


Closed home sales keep dropping in Twin Cities  Finance and Commerce

There were more Twin Cities homes for sale in February than in January, but closed sales and new listings still fell well below 2017 levels, according to the latest ...


Why it's extremely difficult to buy a first home in Minnesota right now  MinnPost

It's an agonizing problem for a lot of young people. You want to buy a house of your own. You can't find a lot in your price range. You keep throwing rent money ...


Three inducted into Minnesota Real Estate Hall of Fame  Finance and Commerce

Russ Nelson, Tom Holtz and Jim Nelson are the newest additions to the Minnesota Real Estate Hall of Fame.


Find the hottest Twin Cities housing markets of 2017  Star Tribune

For the second year, the Star Tribune compared home sale data in the Twin Cities to determine which cities had the hottest markets in 2017. How did your city ...


City of Dayton calls a year-long halt to new housing  Minneapolis / St. Paul Business Journal

The city of Dayton on Wednesday approved an ordinance to halt new subdivisions of land for a year.


Twin Cities ramblers enjoy robust revival  Star Tribune

Largely built in the decades following World War II, their age now makes them potentially eligible for the National Register of Historic Places.


Rent or buy? How the housing slowdown affects your answer  Star Tribune

The message in the numbers is clear: The housing market has stalled. The two most-important factors behind the slowdown are higher mortgage rates and ...


BTN11: New report sheds light on Twin Cities housing market  KARE11.com

Herb Tousley, director of the real estate program at the University of St. Thomas, says rising home prices are padding pockets for some Twin Cities homeowners.


Home listings soar in August; affordability continues to be a challenge  Minneapolis / St. Paul Business Journal

There were 7814 homes listed for sale in Minneapolis in August, a 7.6 percent increase over August 2017. Meanwhile, the median sale price of homes jumped ...


Best Tiny Homes On The Market In The Twin Cities  Southwest Minneapolis, MN Patch

MINNEAPOLIS-SAINT PAUL, MN — Are you looking to downsize but aren't interested in a downtown condo? Patch has compiled some of the best tiny homes ...


Twin Cities multifamily permits soar in September  Finance and Commerce

Cooler weather brought mixed results for residential construction activity in the Twin Cities as permits skyrocketed in September for new multifamily units but ...


The Best Time To Sell A Home In The Twin Cities: Report  Southwest Minneapolis, MN Patch

When To Sell Your Home In The Twin Cities - Southwest Minneapolis, MN - Looking to move? Here's the best time to sell in the Minneapolis-Saint Paul metro.


Ford site Q&A: What comes first, what about the ballfields, more  St. Paul Pioneer Press

Over the past 80 years, the Ryan Cos. have designed and constructed some of the most recognizable structures in the Twin Cities, from CHS Field in downtown ...


Why Minneapolis is the 4th worst city for millennial homebuyers  City Pages

After a grueling journey that would break their realtor's record for showings, Jake Woodbridge and Allie Penson finally found a home.…


OPINION EXCHANGE | The market will not fix Twin Cities' affordable housing crisis  Star Tribune

In “Private market must be a big part of the solution,” (Oct. 18) Federal Reserve Bank executives Ron Feldman and Mark Wright argue that building more ...


Meet the man behind the face on all those Kris Lindahl billboards  Star Tribune

If you don't know Kris Lindahl, you probably haven't driven a Twin Cities highway. His face is plastered on billboards throughout the metro and on just about ...


Minneapolis still battling against vacant properties -- even in housing shortage  Star Tribune

Nearly 340 residential buildings sit empty and boarded across Minneapolis, despite a severe housing shortage and a steep vacant property fee that has raised ...


HavenBrook Partners's Twin Cities portfolio of rental houses sold to Front Yard Residential Corp. - Minneapolis  Minneapolis / St. Paul Business Journal

Hundreds of renters in North Minneapolis and other lower income Twin Cities neighborhoods have a new landlord.


Median Home Prices In Twin Cities Area Towns And Suburbs  Patch.com

Median Home Prices In Twin Cities Towns, Suburbs - Across Minnesota, MN - Check out the prices of homes in Stillwater, Woodbury, Maple Grove, Eagan, ...


2018 NAIOP Awards  Twin Cities Business Magazine

NAIOP, the Commercial Real Estate Development Association, recognizes this year's top projects in the Twin Cities metro area.


Take a look at Karl-Anthony Towns' new $4.5 million lake house (gallery)  Minneapolis / St. Paul Business Journal

Karl-Anthony Towns, the Minnesota Timberwolves' 7-foot center, appears to have purchased a glitzy estate in Medina formerly owned by Denny Hecker.


Hottest Twin Cities housing market still is Richfield  Star Tribune

In-demand communities have affordable homes along commuter routes. Low-key Little Canada and Brooklyn Center posted the biggest gains in the index ...


Housing task force calls for greater access to affordable homes - Minneapolis  Minneapolis / St. Paul Business Journal

The Governor's Task Force on Housing issued a final report Tuesday outlining ways to address falling home growth and affordability across the state of ...


Resilient Twin Cities apartment market faces big test ahead  Star Tribune

The record number of new apartments coming online in the Twin Cities has yet to produce a glut of vacant units. But with an even bigger batch of rentals headed ...


Slim pickings, high prices in Twin Cities housing market  KMSP-TV

It's slim pickings for those looking to buy a house in the Twin Cities right now, a key factor in 12 percent dip in sales over the past year.


Despite soaring apartment rents, builders still haven't ramped up single-family home production - Minneapolis / St. Paul  Minneapolis / St. Paul Business Journal

Developers will finish 5100 apartments in Twin Cities in 2018, the most in a year since 2000.


Report: Shortage jacking up Minneapolis house prices. Realtors: 'Duh'  City Pages

There's been a development in Minneapolis' reckoning with its affordable housing problem -- that problem being, specifically, that there isn't any.…