Twin Cities mortgage payments surge

Twin Cities mortgage payments skyrocketed in last year, Zillow says

bizjournals bizjournals | 1 year ago

Driven by skyrocketing home prices and rising interest rates, average mortgage payments in the Twin Cities have climbed by more than a third in the last year, pushing the metro area's homeowners above a threshold widely considered burdensome.

Mortgage application defects shrank in 3Q last year

In-depth analysis, data and st... In-depth analysis, d... | 2 years ago

Here's where the most homes are being built in the Twin Cities so far this year

bizjournals bizjournals | 1 year ago

April was the busiest year in recent memory for homebuilding in the Twin Cities, according to a new report. Throughout the metro area, builders pulled nearly 800 permits for more than 3,600 housing units last month, over three times the units permitted this time last year and more than double March's figure, Housing First Minnesota, the state's homebuilders trade group, reported last week. Builders in two suburbs to the south of Minneapolis and St. Paul were the busiest in terms of total permi...

Rocket launches program to lower first-year mortgage payments

housingwire housingwire | 1 year ago

Rocket Mortgage and its wholesale arm Rocket Pro TPO will lower homebuyers' interest rates for the first year of their mortgage. The post Rocket launches program to lower first-year mortgage payments appeared first on HousingWire.

Home value increases surpassed median salaries in 25 metro areas last year, report says

cnbc cnbc | 2 years ago

Home value growth surpassed median salaries last year in 25 of 38 metropolitan areas across the country, according to research from Zillow.

Twin Cities homebuyer activity slowed in July, data shows

bizjournals bizjournals | 1 year ago

Hindered by several market factors, Twin Cities property buyers aren’t as active as they were last year, according to new data by Minneapolis Area Realtors and the Saint Paul Area Association of Realtors.

Zillow builds back gains as mortgage rates hit 14-year highs

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Zillow jumps 12% this week as mortgage rates his 2008 highs. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Steve Grasso, Jeff Mills and Bonawyn Eison.

Despite decline in sales, Twin Cities home prices went up in June

bizjournals bizjournals | 1 year ago

The existing home inventory in the Twin Cities is growing and sales are down compared to a year ago, but median sale prices for homes continue to increase. The median home price in June was $380,000, a 9% jump from the same month 2021 and an increase of nearly a quarter since June 2020, according to a Monday report from two local Realtor associations. Despite increasing inventory and relatively slow sales, home shortages will continue to sustain strong offers and keep prices high, the report sa...

Twin Cities homebuilding hits lowest point in past 12 months

bizjournals bizjournals | 1 year ago

Homebuilding in the Twin Cities has dropped to its lowest point in the past 12 months, according to data on permits pulled last month. While permits for multifamily construction, for units like apartments and townhomes, saw a modest increase, those for single-family homes saw a 28% decline last month compared to August of last year, according to data compiled by Keystone Report on behalf of Housing First Minnesota, the state’s homebuilders trade group. Across all types of building permits,...