Recent content from Jim Buchta
Upper bracket homes accounted for much of the sales increase as entry-level houses remained scarce, according to an industry report.
Mortgage refinancing applications are running about double last year's pace, a trade group says.
Fewer home sales, economy jitters and even the election could mean less work for remodelers.
"We think of our whole office as a workshop and the design lab is the heart of our shop," said Bill Baxley, principal and managing director.
Buyers are looking at new houses as the median price for existing homes approaches $300,000 in the Twin Cities.
Cedar Street Cos. envisions 200 apartments and 20,000 square feet of retail space in the North Loop neighborhood.
The online giant is partnering with Realogy to offer a referral service in 15 metro areas.
But the number of entry-level listings on the market has fallen throughout the year, stifling home sales, which fell 8.2% in June from a year ago.
The large mixed-use development on the edge of downtown Minneapolis would be home to thousands of new residents and office workers.
Sherman Associates, facing neighborhood pushback, is reducing the number to 25.