Developers look to attract first-time home buyers by curbing costs
Dale Wills, CEO of Centra Companies, says affordable homes in and around the metro are often bought before they're finished being built.
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Dale Wills, CEO of Centra Companies, says affordable homes in and around the metro are often bought before they're finished being built.
In the Twin Cities, new home listings are down, pending sales have fallen and mortgage rates are measurably higher than they were a year ago. Home prices are increasing faster than incomes, making it tougher than ever for first-time homebuyers to make a purchase. Derek James has more on the challenging market and how builders are responding.
Minnesota has two new "million-dollar cities" where the median home prices are now in the seven figures.
A new Bankrate study shows it's cheaper to rent than it is to buy in the 50 biggest metro areas in the U.S.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
Experts say home prices could come down since commissions are often baked into the price. Others are skeptical of the impact — saying if the sellers aren't paying the buyer's agents, the buyer would still have to.
The rules of real estate are on the verge of what a CBS News expert calls "a seismic shift." David Schuman looks at how changes to commissions may save money for home sellers and lower prices for buyers.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
With interest rates expecting to drop and new construction the rise, 2024 may finally be the year for some to buy a home
A court ruling this fall could mean changes for how homes are bought and sold in the future. For more on what it means to you, Esme Murphy talked to University of St. Thomas Professor Andy Babula.
Although home prices have continued to rise across much of the U.S., homeowners in some states saw their home equity shrink.
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.
You've probably noticed one of the most high-profile projects at a Twins game. Our Allen Henry gives us an exclusive sneak peak inside this newest addition to the skyline.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
The gap between the number of white and Black homeowners in Minneapolis is one of the highest in the country. WCCO's Reg Chapman has more.
"It's just an iconic property," said realtor Jim Schwarz, the home's listing agent. "It's a prominent house on a prominent piece of property."
The Federal Reserve stabilized interest rates Wednesday, which could bring in more buyers, but that doesn't mean the process will be easier or cheaper any time soon.
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.
Typical renters in Minneapolis can only afford to buy a quarter of available homes for sale, according to a new analysis.
We sat down with Kirsten Dillon, director of operations with Kris Lindahl Real Estate, who shared some tips on home buying this summer.
However, State Farm will continue to offer personal auto insurance policies in California, the company said.
For the second consecutive year, realtors, lenders and others associated with the homebuying process volunteered their time at the Twin Cities Diversity Homeownership Fair.
Upgrading your home to make it more eco-efficient can not only save you money but also increase your home’s re-sale value. Kirsten Dillon shares some cost-effective and eco-friendly upgrades.
The sister act tackles emergency restoration and recovery projects for homeowners dealing with disasters on their new primetime show, "Renovation 911."
While one of the suspects fired a gun, no one was hurt.
Two rounds of storms are set to buffet parts of Minnesota on Wednesday.
A stretch of Interstate 94 in Minneapolis has reopened after what the Minnesota State Patrol called a "fatal incident" closed it for hours Wednesday morning.
From screwworm to flesh-eating bacteria, mounting public health risks are emerging in the wake of deep cuts to federal health agencies and programs.
There's no doubt your air conditioning unit is working overtime this week as oppressive heat blankets Minnesota.
While one of the suspects fired a gun, no one was hurt.
A stretch of Interstate 94 in Minneapolis has reopened after what the Minnesota State Patrol called a "fatal incident" closed it for hours Wednesday morning.
A man who asked to be identified as Wolf said that extreme weather can make life even more difficult for those without housing.
Karen Clark, Minnesota's first openly lesbian legislator and the longest-serving lesbian state lawmaker in the U.S., died at age 80 on Tuesday following a brief illness.
A 17-year-old Twin Cities girl is charged with murdering her mother in a case that police call "tragic and deeply disturbing."
In a matter of minutes, a storage shed at Crow River Winery in Hutchinson, Minnesota, went up in flames early Tuesday.
Minnesota conservation officers are warning boaters to leave the alcohol on shore as they prepare for one of the busiest weekends of the year on the water.
A 33-year-old Cold Spring, Minnesota, man is accused of fatally stabbing an employee of a group home on Saturday.
A woman from Eveleth, Minnesota, is dead and a Brooklyn Park man is in custody on suspicion of driving under the influence in a crash Monday evening in Eau Claire, Wisconsin.
In every corner of the metro, and across Minnesota, you'll find construction crews ripping up roads and rebuilding bridges. WCCO looks into whether the piles of rubble they create can get a second life.
A woman from Eveleth, Minnesota, is dead and a Brooklyn Park man is in custody on suspicion of driving under the influence in a crash Monday evening in Eau Claire, Wisconsin.
A 63-year-old man was killed in a single-vehicle crash Sunday morning in western Wisconsin.
A federal judge ruled ICE failed to show enough evidence to justify holding Salah Sarsour, a legal permanent resident detained for 80 days after speaking out in support of Palestinian rights.
Jim Troupis, Mike Roman, and Ken Chesebro entered not guilty pleas in Dane County Circuit Court on Tuesday to 11 felony forgery charges tied to a scheme to submit false electoral certificates to Congress after Trump lost Wisconsin in 2020.
A federal judge ruled Tuesday that Hannah Dugan's obstruction of justice conviction will stand, rejecting her legal team's argument that a recent appeals court ruling should have invalidated the case.
Tucked away in the Midway neighborhood in St. Paul is a community treasure many have come to love and respect.
What started as a small fundraiser following one of Joe's surgeries at Gillette Children's has grown into a community tradition that has raised nearly $100,000 for the hospital.
A trip to the video store was once a weekly ritual, and now one Minnesota movie lover is trying to bring that experience back.
Betty and Kermit Eastman, both 99, celebrated their 80th wedding anniversary on June 6 — a milestone so rare that on average only one couple in the U.S. reaches it each year.
Created by artist Lilyan Lauzon, the mini art vending machine at Inkwell Booksellers charges no fees to artists and returns the full $1 sale price to each creator.
Several new Minnesota laws are set to take effect on Wednesday that address school district safety, update decades-old government technology and provide funding for various projects across the state.
Former Rep. Karen Clark, Minnesota's first openly lesbian legislator and the longest-serving lesbian state lawmaker in the U.S., died at age 80 on Tuesday following a brief illness.
The Supreme Court ended its term with a major ruling striking down President Trump's executive order limiting birthright citizenship.
From screwworm to flesh-eating bacteria, mounting public health risks are emerging in the wake of deep cuts to federal health agencies and programs.
Karen Clark, Minnesota's first openly lesbian legislator and the longest-serving lesbian state lawmaker in the U.S., died at age 80 on Tuesday following a brief illness.
Insurance experts say hail damage claims that once averaged $10,000–$15,000 now routinely reach $40,000–$60,000, even as many policies have shifted away from full replacement coverage.
Hundreds of workers, employed by Delaware North Company to serve food and drinks, say they are fighting for livable wages and healthcare benefits.
Target is tapping designer and TV personality Isaac Mizrahi for a newly created role as creative director at large as the discounter aims to reclaim its reputation for stylish clothing on a budget.
Target is voluntarily recalling two types of baby wipes due to concerns that the products may be contaminated with bacteria that may cause "serious and life-threatening infections," the U.S. Food and Drug Administration said on Friday.
The dream of a woman in Minnesota started with excitement, but quickly unraveled into loss after she said she fell victim to a scheme that targeted more than 30 Spanish speakers.
While one of the suspects fired a gun, no one was hurt.
A 17-year-old Twin Cities girl is charged with murdering her mother in a case that police call "tragic and deeply disturbing."
Lisa Clemons, founder of A Mother's Love Initiative, responds to many shooting scenes. She says they keep seeing younger and younger shooting victims and suspects.
Minnesota conservation officers are warning boaters to leave the alcohol on shore as they prepare for one of the busiest weekends of the year on the water.
During the incident, a reporter and photographer were approached by three men, one with a dog, before their news truck and gear were destroyed.
Noah Walden says he didn't notice anything unusual while eating. About three days later, he began experiencing stomach pain that continued to worsen over the next several days.
A Blaine woman from Liberia calls herself an accidental inspiration. The busy wife and mother who runs a nonprofit helping children in Liberia started coming to Burn Boot Camp after an emotional slump.
As temperatures climb across the Twin Cities this week, veterinarians are reminding pet owners to keep a close eye on their animals.
A dangerous social media trend is circulating online, and Minnesota health experts are warning parents it involves allergy medication.
The Minneapolis City Council on Thursday voted to overturn a ban on adult bathhouses and sex venues that has been in place for 38 years.
Tucked away in the Midway neighborhood in St. Paul is a community treasure many have come to love and respect.
Legendary musician Lionel Richie is postponing two upcoming concerts after he cut his performance short in St. Paul, Minnesota, earlier this week.
We have another action-packed weekend with events happening every day all across the state, including plenty of ways to celebrate Pride!
Legendary musician Lionel Richie had to cut his performance short Wednesday night in St. Paul, Minnesota, leaving fans with many questions.
A trip to the video store was once a weekly ritual, and now one Minnesota movie lover is trying to bring that experience back.
Yordan Alvarez's grand slam highlighted a six-run fourth inning and the Houston Astros beat the Minnesota Twins 6-4.
Summer workouts are underway for the Gophers men's basketball team, and Isaac Asuma is back for his third year with the program. To some, it's a bit of a surprise.
After the U.S. Supreme Court on Tuesday ruled states can restrict transgender athletes' participation in school sports, some Minnesota officials are voicing their support for trans youth.
Royce Lewis and Victor Caratini hit back-to-back homers, Zebby Matthews pitched seven stingy innings and the Minnesota Twins held off a late rally by the Houston Astros for a 5-4 victory.
A Blaine woman from Liberia calls herself an accidental inspiration. The busy wife and mother who runs a nonprofit helping children in Liberia started coming to Burn Boot Camp after an emotional slump.
One of the most-watched primary match-ups pits Minnesota Lt. Gov. Peggy Flanagan against U.S. Congresswoman Angie Craig in the race for the DFL nomination for U.S. Senate.
With six weeks before the primary, the stakes are building in the U.S. Senate contest contest between two of Minnesota's brightest DFL stars: Congresswoman Angie Craig and Lt. Gov. Peggy Flanagan.
Fifteen people, most of them Minnesotans, were arrested and charged last week, accused of impeding Immigration and Customs Enforcement operations.
Two anti-ICE protesters charged with felonies in federal court tell their story to WCCO's Esme Murphy.
Early voting for the Aug. 11 primary starts this Friday, and one of the most-watched races in Minnesota is the very tight contest for governor on the Republican side.
It's a lake cruise in the middle of town, and there's more than pelicans on the Pelican Breeze tour in Albert Lea, Minnesota.
Currie, Minnesota, is truly small-town America. The population hovers at just over 200. But on the northern outskirts, you'll happen upon a place with plenty of bells and whistles: End-O-Line Railroad Park and Museum
School's out, summer's here, and if you're heading to the lake on Highway 10, you may just stumble upon hidden treasure.
Nearly 40 years ago, a building was sent over piece by piece from Norway to a farm in Chippewa County, Minnesota. It's one of the only stabburs in the United States.
Minneiska, Minnesota, is a small river town on Highway 61 near the Mississippi River, but at one point it was home to a castle.
There's no doubt your air conditioning unit is working overtime this week as oppressive heat blankets Minnesota.
In every corner of the metro, and across Minnesota, you'll find construction crews ripping up roads and rebuilding bridges. WCCO looks into whether the piles of rubble they create can get a second life.
Water beckons Minnesotans this time of year, especially our lakes. But something in it can turn us away, even if other animals and organisms need it.
The latest data shows it's at 331.2 million barrels of oil.
Fifteen Minnesotans charged for conspiracy to impede or injure federal agents are part of what President Trump considers a terrorist group, prosecutors said.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
Two rounds of storms are in store for the state on Wednesday.
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.
Two rounds of storms are set to buffet parts of Minnesota on Wednesday.
Another round of morning storms is set to buffet parts of Minnesota on Wednesday.
There's no doubt your air conditioning unit is working overtime this week as oppressive heat blankets Minnesota.
Several new Minnesota laws are set to take effect on Wednesday that address school district safety, update decades-old government technology and provide funding for various projects across the state.
A stretch of Interstate 94 in Minneapolis has reopened after a fatal crash closed it for hours Wednesday morning.
Two rounds of storms are in store for the state on Wednesday.
Laws impacting things like schools, technology and money for updates to state projects are taking effect, plus more of the day’s top stories.
Former Rep. Karen Clark, Minnesota's first openly lesbian legislator and the longest-serving lesbian state lawmaker in the U.S., died at age 80 on Tuesday following a brief illness.