In 2022, the number of home sales in the Twin Cities fell by double digits. Mortgage rates doubled in the final six months of the year. And yet housing prices around the metro area grew by double digits over the previous five-year average.
The hottest city in the Twin Cities metro area for home buyers last year was also one of the most inconspicuous.
Home buyers seeking more space made several outer-ring suburbs the hottest markets in 2022.
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Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week.
The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale.
Trading in shares of heavily indebted Chinese property developer China Evergrande Group was suspended in Hong Kong on Thursday, according to a notice on the Hong Kong stock exchange.
Leading Chinese planners voiced confidence on Wednesday in the outlook for the world's second-largest economy, holding key interest rates steady amid signs of improvement in some areas such as services.
Police in a southern Chinese city said they have detained some staff at China Evergrande Group's wealth management unit in the latest trouble for the heavily indebted developer.
China's factories picked up their pace and retail sales also gained momentum in August, the government reported Friday, suggesting the economy may be gradually recovering from its post-pandemic malaise.
Finding a trusted real estate agent, meeting with a loan officer and knowing what you want are just a few ways to ease stress when looking for a home.
Years of record price gains have fueled the demise of the $300,000 starter house, making houses in every price range more expensive.
Homes in Minneapolis and St. Paul's hottest neighborhoods last year sold quickly, fetched top dollar and have been especially popular because they have a sense of community coveted by many urban buyers.
Boom is the result of hundreds of millions in public funding and "almost infinite" demand.