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Homeownership is the most common way that individuals and families build wealth in this country, surpassing even retirement savings for four out of five of us. We talk a lot here at the Center about how homeownership is the most common way that individuals and families build wealth in this country. Because of this, the […]

Fees, regulations are key drivers of Twin Cities housing costs, builders argue A report commissioned by a builders group said municipal fees and regulations in the Twin Cities make it nearly impossible to build a single-family house for less than $375,000. By Jim Buchta Star Tribune Hint: Fees account for up to one-third the cost of a […]

What has real estate experienced during 2018? The short answer is a lot of swings up and down. Click on the below link for the average sales price in the Twin Cities Region. All types of properties, all price ranges, all seller types, all sizes, etc. 2018 started with an average sales price of $294,560 and […]

While the 2017 housing market was marked by renewed optimism fueled by stock market strength, higher wages and a competitive environment for home sales, 2018 delivered more seasoned prudence toward residential real estate. Home buyers, now steeped in several years of rising prices and low inventory, became more selective in their purchase choices as housing affordability achieved […]

This infographic shows the average lifespan and replacement cost of a home’s major systems. For our final post on Exploring Sustainable Homeownership as a New Year’s Resolution, we take a look at the true costs of homeownership – beyond the mortgage payment. Serving as your own landlord can give you and your family great benefits […]

This week, we consider five important areas that can help you determine your potential readiness for homeownership. Hello, and welcome to a new year of weekly blog posts from the Minnesota Homeownership Center! As January progresses, we’ll be looking at Exploring Sustainable Homeownership as a New Year’s Resolution. This week, we consider five important areas […]