Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
In a positive sign for the housing market, a growing number of consumers think mortgage rates are likely to decline this year.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
In Northern California, home prices jumped during the pandemic. Since then, the region has seen some of the steepest price declines in the country.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The average first-time homebuyer puts from 5% to 7% down. In the first quarter of 2023, that amounted to $24,000. More local homebuyers who can't afford a down payment that large are asking about the 1% option.
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Borrowing costs for a conventional home loan have more than doubled over the last year.
rom unpredictable weather to unpredictable farm prices, rural Minnesotans face challenges every day.
Twenty-four-year-old Madison Bergmann, of St. Paul, was charged with one count of first-degree child sexual assault with a child under age 13.
Canadian wildfires in 2023 caused multiple days of smoke and poor air quality in Minnesota.
You may have heard of "No Mow May," but now there are questions about how effective the movement really is.
Two people were killed last week in a head-on crash north of the Twin Cities after police say a driver fell asleep at the wheel.
Twenty-four-year-old Madison Bergmann, of St. Paul, was charged with one count of first-degree child sexual assault with a child under age 13.
Canadian wildfires in 2023 caused multiple days of smoke and poor air quality in Minnesota.
You may have heard of "No Mow May," but now there are questions about how effective the movement really is.
Two people were killed last week in a head-on crash north of the Twin Cities after police say a driver fell asleep at the wheel.
So-called "flushable" wipes and other paper products are causing major problems for Roseville's sewer pipes, officials say.
Canadian wildfires in 2023 caused multiple days of smoke and poor air quality in Minnesota.
Police in the central Minnesota city of Willmar arrested a 72-year-old man who allegedly threatened to open fire inside a business Wednesday afternoon.
Is the Minnesota accent one of the nation's sexiest? You betcha, according to a new ranking.
John Lauritsen looks at how a Breezy Point barn went from housing buffalo and cattle to hosting customers and wedding parties.
University of Minnesota students continue growing calls across the country for a cease-fire in Gaza. In Talking Points, Esme Murphy spoke with the students leading the demonstrations about why it's so important to them.
Twenty-four-year-old Madison Bergmann, of St. Paul, was charged with one count of first-degree child sexual assault with a child under age 13.
Officials say that a school shooting threat was "neutralized" at a middle school west of Madison, Wisconsin, Wednesday morning, with no reported injuries to those inside the school.
Police are removing an encampment of pro-Palestinian protesters at the University of Wisconsin's Madison campus on Wednesday morning and have taken away several protesters.
Six middle school students and two adults were injured in a school bus crash near Hudson on Thursday morning.
The 59th annual Flood Run motorcycle ride is this Saturday, and the Minnesota State Patrol is asking bikers and motorists alike to be extra careful while cruising beside the St. Croix River.
Dr. Greg Ekbom founded LimbFit, a Christian nonprofit that designs and fits prosthetics and also works side-by-side in hospitals with Ukrainian trauma surgeons.
The nation's third-largest food bank is using a 24-hour fundraiser to fight food insecurity.
An Eden Prairie family is keeping their son's legacy alive, one year after his sudden death.
Fifteen-year-old Bennett Fisk loves baseball and has been playing youth league his whole life. Unfortunately, last season, he had to sit out because even the largest adult-size baseball helmet didn't fit his head and it was too unsafe to play without a helmet.
For the first time in Minnesota cannabis usage on 420 is legal.
The Coalition of Asian American Leaders puts on the yearly tradition to celebrate and call on local lawmakers to pass legislation important to Asian communities across the state.
Joshua Dean was a quality inspector at Spirit AeroSystems, which builds the bulk of the 737 Max for Boeing, and recently died from a fast-spreading infection.
The U's interim president announced early Thursday an agreement was made with pro-Palestinian protest organizers to end the encampment.
President Biden said "no," the National Guard should not intervene in the protests.
Protesters at a pro-Palestinian encampment that has occupied a portion of the University of Minnesota campus since Tuesday packed up following a tentative agreement with university administration Thursday.
John Lauritsen looks at how a Breezy Point barn went from housing buffalo and cattle to hosting customers and wedding parties.
For Minnesota sports fans, this is the wrong time for Bally Sports North to go black.
Americans are struggling to keep up with their credit card payments and personal bankruptcies are rising — and it's starting to worry economists.
The cost of buying a home continues to climb.
Minnesota's first large-scale cannabis event is taking place this weekend.
Twenty-four-year-old Madison Bergmann, of St. Paul, was charged with one count of first-degree child sexual assault with a child under age 13.
Police in the central Minnesota city of Willmar arrested a 72-year-old man who allegedly threatened to open fire inside a business Wednesday afternoon.
James Barbier, 79, is charged with first-degree murder in the 1966 stabbing death of 18-year-old Karen Snider at her home in Calumet City.
Police are searching for the shooter who targeted a victim early Thursday morning inside a Minneapolis bus shelter.
Investigators say a confidential informant led them to the group's ringleader.
You may have seen an anti-abortion ad that's taken over Minnesota airwaves recently. Esme Murphy reviewed 15 years of state abortion data to show us what's true, what needs context, and what is misleading.
Spring has sprung, and so have allergies. And if you've felt like your sniffles and sneezes are worse this year, you're not alone.
Mike Max is going to turn 60 years old this year and he's been thinking a lot about how to make the next ten years healthy years.
Minnesotans love to get outside no matter the season. Something about being in nature always seems to leave us feeling better. So why does it feel good to get outdoors? Good Question.
The DEA took about 2.5 million lethal doses of fentanyl off Minnesota streets last year alone. Despite that eye-popping number, it's not enough.
See who's nominated for the 77th annual Tony Awards. The Tonys will air live on CBS and Paramount+ on Sunday, June 16.
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.
Billie Eilish, the pop musician and two-time Oscar winner, will stop in St. Paul for two shows on her upcoming tour.
French screen actor Gerard Depardieu was reportedly detained for questioning and released Monday after two women accused him of sexual assault.
The vinyl sales alone were monumental, Billboard said, with "the largest sales week for an album on vinyl in the modern era."
Natalie Spooner scored twice and Toronto clinched first place in the inaugural season of the Professional Women's Hockey League with a 4-1 win over Minnesota on Wednesday night.
For Minnesota sports fans, this is the wrong time for Bally Sports North to go black.
Max Kepler and José Miranda hit run-scoring singles to put Minnesota ahead in the seventh, and the Twins rallied late for their 10th straight win, 10-5 over the Chicago White Sox on Wednesday.
Byron Buxton, the oft-injured center fielder for the Minnesota Twins, left Wednesday's against the Chicago White Sox after unsuccessfully trying to steal second base.
Chris Finch is planning to be in Denver with the Minnesota Timberwolves when they begin their Western Conference semifinal series against the Nuggets. The team is working on a way for him to safely be on the bench following his knee surgery.
University of Minnesota students continue growing calls across the country for a cease-fire in Gaza. In Talking Points, Esme Murphy spoke with the students leading the demonstrations about why it's so important to them.
University of Minnesota students continue growing calls across the country for a cease-fire in Gaza. In Talking Points, Esme Murphy spoke with Ethan Fine, a leading voice of Jewish students on campus. Hamline University Professor David Schultz weighed-in on the rights of students and the university.
University of Minnesota students continue growing calls across the country for a cease-fire in Gaza. Most of the protestors are not of Palestinian, Muslim or Jewish heritage. In Talking Points, Esme Murphy explores the motives of local protesters.
University of Minnesota students continue growing calls across the country for a cease-fire in Gaza. In Talking Points, Esme Murphy spoke with Sana Wazwaz, the president of the local chapter of American Muslims for Palestine.
Before marijuana was legalized in Minnesota, the state patrol and other law enforcement agencies repeatedly voiced their concern over how to determine if someone pulled over was high on cannabis.
John Lauritsen looks at how a Breezy Point barn went from housing buffalo and cattle to hosting customers and wedding parties.
It's one of the few covered bridges remaining in the Midwest, and it's seen a lot of traffic over the years.
Decades ago, at an 88-acre pasture near Annandale, cars replaced cows and French Lake Auto Parts was born.
There's an attraction in Fergus Falls that's centered around a man-made disaster.
In this week's Finding Minnesota, John Lauritsen goes to New Ulm where the Minnesota Music Hall of Fame is celebrating 35 years.
From drama involving Democratic Minnesota state Sen. Nicole Mitchell to now-former Republican Congressman George Santos, we've recently seen the flames of expulsion being fanned.
Releasing balloons is like slowly littering potentially miles from where the person let them go.
Minnesotans love to get outside no matter the season. Something about being in nature always seems to leave us feeling better. So why does it feel good to get outdoors? Good Question.
What do Lebron James, David Bowie and Bill Gates all have in common? They're left-handed. While they're a minority of the population, they're not alone. So why are we right- or left-handed? Good Question.
April is Earth Month and we're less than a week from Earth Day. That timing matches up with an email we received from Mary in Minneapolis. She wants to know: What can the average person do to help reduce global warming? Good Question.
Many Minnesotans were treated to a stunning double rainbow on Thursday.
Nicolae Miu, a 54-year-old man from Prior, Lake, Minnesota was found guilty of six criminal charges, including first-degree reckless homicide. Miu's trial lasted eight days in a Hudson, Wisconsin courtroom.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
An early spring snowstorm made for many beautiful sights across the state of Minnesota over the weekend.
State fire officials say a grass fire near Waseca is contained Monday morning after burning more than 1,000 acres.
Canadian wildfires in 2023 caused multiple days of smoke and poor air quality in Minnesota.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
Some patches of rain will fall in northern Minnesota, but the sun is set to return on Friday.
The rain will begin to taper off Thursday afternoon, and sunshine will return to end the work week on Friday.
Moderate to severe drought persists across most of northern Minnesota, and 18% of the state is now in a moderate drought or worse, down from 47% at the start of the year.
The challenges rural Minnesotans face every day can impact mental health.
Black women are especially vulnerable to mortality while pregnant, with new data showing they are three times as likely to die from pregnancy complications than white women. WCCO's Reg Chapman finds out why.
Protesters at a pro-Palestinian encampment that has occupied a portion of the University of Minnesota campus since Tuesday packed up and left following an agreement with university administration. WCCO's Kirsten Mitchell has more.
Each Thursday, we’ll showcase some weekend events or places for you to check out.
Some patches of rain will fall in northern Minnesota, but the sun is set to return on Friday.