How much money you need to earn to afford a home in 49 U.S. cities
A household earning the average income would need to spend 40% of its income to afford the typical U.S. home, according to Redfin.
Watch CBS News
A household earning the average income would need to spend 40% of its income to afford the typical U.S. home, according to Redfin.
The Black homeownership rate in the Twin Cities dropped to 29% in 2024, and the region had the largest gap between Black and White homeownership rates of any comparable metro in the country.
The Minnesota Senate passed a bill with mandatory requirements for homeowners associations aimed at improving transparency and preventing disputes, after two years of legislative work driven by public complaints.
The bill would provide an average refund increase of $171 to homeowners after sharp property tax increases across the state this year.
Kris Lindahl of Kris Lindahl Real Estate answers our questions.
The Trump administration is working on a plan for a 50-year mortgage, and Twin Cities real estate professionals say there are many pros and cons to consider.
Most home buyers know 30 years is the standard term for a mortgage, but what about 50 years? That's something the Trump administration says they're considering. But as Ashley Grams reports, not everyone agrees it would be a smart money move.
Just beside the Mississippi River on a winding Minneapolis street sits 4736 Coffey Lane — a hidden house nestled in nature with a story to tell.
Kristen Crossman with Housing First Minnesota shares how you can step inside more than 300 homes across the Twin Cities and Rochester in this year's Fall Parade of Homes & Remodelers Showcase. Click here for more information.
In the market to buy or sell a home? Real estate is hitting new highs in the Twin Cities.
Home sellers take note: The color of your kitchen and bedroom could boost your home's sale price.
Minnesota has many state, city, county and local level programs helping first time homeowners navigate rising home costs.
For many Minnesota families, housing eats up more of their budget than anything else. The state is short 114,000 affordable homes. As WCCO's Caroline Cummings reports, lawmakers from across the political spectrum have drawn up a blueprint to help fix that.
Since 2007, the program known as "Come Home 2 Edina" has lent a total of $8.7 million, helping 183 families purchase homes in the city, said Affordable Housing Development Manager Stephanie Hawkinson.
It's a program that's helped teachers, nurses, first responders, and families afford a home. But after more than four decades, the city of Edina is ending its down payment assistance program. WCCO's Kirsten Mitchell explains why and takes a look at the housing market in 2025.
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
Social media sleuths noticed that the house next door to the iconic "Home Alone" house in Winnetka is now up for sale.
The price of housing in Minneapolis rose less over the last five years compared to other metro areas around the U.S.
A Minnetonka realtor is using his Spanish-speaking ability to build generational wealth for other immigrants.
On average, realtors sell about 10 homes a year, but in the west metro, there's a man selling more like 40. As we continue to honor community leaders for Hispanic Heritage Month, Susan-Elizabeth Littlefield introduces us to a man on a mission to help others.
The Consumer Financial Protection Bureau is pledging to scrutinize contract for deed lending, a form of alternative or seller financing in which a private seller or investor group comes to a loan agreement with a buyer without many of the typical banking and mortgage regulations and protections.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
The experience of buying or selling a home is changing. A recent National Association of Realtors settlement now requires buyers and sellers to negotiate house sale commissions, including who pays and how much.
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
Dale Wills, CEO of Centra Companies, says affordable homes in and around the metro are often bought before they're finished being built.
A global watchdog group has released a damning report on Operation Metro Surge earlier this year in Minnesota, calling for federal leaders to be investigated for creating a "human rights crisis," and urging local leaders to step up support for those impacted.
Minnesota's job growth outpaced national rates in May, while the state's unemployment rate ticked down slightly, according to data released Thursday.
The Supreme Court on Thursday ruled in favor of a Texas man who challenged a federal law that bars certain drug users from having firearms.
A Twin Cities man is accused of stealing his dog from an animal hospital after it had been deemed dangerous and ordered to be euthanized by officials.
We have another action-packed weekend with events happening every day all across the state, including plenty of ways to celebrate Father's Day!
A global watchdog group has released a damning report on Operation Metro Surge earlier this year in Minnesota, calling for federal leaders to be investigated for creating a "human rights crisis," and urging local leaders to step up support for those impacted.
Minnesota's job growth outpaced national rates in May, while the state's unemployment rate ticked down slightly, according to data released Thursday.
A Twin Cities man is accused of stealing his dog from an animal hospital after it had been deemed dangerous and ordered to be euthanized by officials.
We have another action-packed weekend with events happening every day all across the state, including plenty of ways to celebrate Father's Day!
The Minneapolis Park and Recreation Board voted to close the Minnehaha off-leash dog area after the land was identified as a likely Native American burial site.
Minnesota's job growth outpaced national rates in May, while the state's unemployment rate ticked down slightly, according to data released Thursday.
We have another action-packed weekend with events happening every day all across the state, including plenty of ways to celebrate Father's Day!
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
Aaron Banks, 52, entered a guilty plea to one count of theft as part of a plea deal, according to court records.
A crash between an SUV and a motorcycle in eastern Minnesota earlier this month left three people dead, officials said.
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.
A big birthday party is coming up this summer, one that every American can celebrate. And it could help the fireworks industry explode with record sales. WCCO explores how much Americans spend each year on fireworks.
A man serving a life sentence in a Wisconsin prison for killing six hunters during a confrontation over trespassing in 2004 has died, officials said.
Two women were involved in a deadly head-on crash Tuesday night in Chisago City, Minnesota.
On the Lake Harriet shoreline in Minneapolis Saturday evening, dozens of children picked up a fishing rod for the first time.
Hours after the announcement, community members were eager to learn more about the one challenged with leading the most scrutinized police department in the country.
Created by Freedom Reads, a nonprofit organization in Connecticut, the Inside Literary Prize is the first major U.S. book award decided exclusively by incarcerated readers.
A 23-year-old man from Brooklyn Park, Minnesota, faces a criminal vehicular homicide charge after prosecutors say he hit and killed a person on a highway, then fled.
Quincy Street isn't just at the center of Art-A-Whirl, it's at the heart of the Arts District in northeast Minneapolis. The road itself, however, is falling apart. And the only thing bumpier than the exposed brick is the reaction to the city's plans to fix it.
A global watchdog group has released a damning report on Operation Metro Surge earlier this year in Minnesota, calling for federal leaders to be investigated for creating a "human rights crisis," and urging local leaders to step up support for those impacted.
The Supreme Court on Thursday ruled in favor of a Texas man who challenged a federal law that bars certain drug users from having firearms.
President Trump is back in Washington after signing the U.S.-Iran agreement in a surprise move.
The Minneapolis Park and Recreation Board voted to close the Minnehaha off-leash dog area after the land was identified as a likely Native American burial site.
The federal government accused 15 people of working together to block and try to hurt ICE agents. The charges lay out some violent rhetoric. But Ubah Ali found some community groups think the government is trying to shift the story.
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.
For years, it was all hands on deck; a business model buoyed by a bevy of free time that sent sales surging in a way never before seen. But as Minnesota enters lake season, outdoor sales for boats, jet skis and more have almost dropped anchor.
Jester Concepts' Monday announcement noted that Borough will mark its remaining five weeks of service through June 27 with events celebrating the restaurant's history, and it encouraged customers to reserve tables during the final weeks.
A Twin Cities man is accused of stealing his dog from an animal hospital after it had been deemed dangerous and ordered to be euthanized by officials.
If the case is moved to federal jurisdiction, it will still be prosecuted by the Hennepin County Attorney's Office.
Federal officers arrested two more anti-ICE protesters Wednesday in the Twin Cities, with both going before a judge in St. Paul federal court hours later.
A St. Paul man is accused of threatening Kaohly Her when she served in the Minnesota House of Representatives on the day her colleague Melissa Hortman was assassinated inside her home.
Aaron Banks, 52, entered a guilty plea to one count of theft as part of a plea deal, according to court records.
Emily Pearson has a rare genetic disorder that causes severe, painful reactions to sunlight.
Jenn Glass has been taking a GLP-1 since last November. The 53-year-old mother of three has already lost more than 30 pounds, but she's focused on something beyond the number on the scale.
It's a gruesome problem impacting livestock in southern states and veterinarians worry it could come to Minnesota.
Minnesotans weathered the third air quality alert triggered by ozone of the year Monday. If two more happen, it will tie the yearly record.
HCMC in Minneapolis got what they wanted, a large financial boost from lawmakers, and now the leaders of Minnesota's busiest trauma hospital say they'll put their money where their mouths are and get to work restructuring finances.
We have another action-packed weekend with events happening every day all across the state, including plenty of ways to celebrate Father's Day!
Twin Cities native Michael Larsen, better known as Eyedea, made a name for himself with his freestyle battle rap skills and as one-half of the duo Eyedea & Abilities.
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
There's plenty to do in Minnesota this weekend, including some major anniversary parties, Maple Grove's ever-popular Chalkfest and much more!
Olivia Miles set a WNBA rookie record with 24 first-half points on her way to a career-high 31 and the Minnesota Lynx beat the Los Angeles Sparks 99-83 on Wednesday night.
Minnesota coach Dawn Plitzuweit has welcomed an infusion of new talent and agreed to a new contract.
It may have been a bumpy start when Jayden Kurtz first stepped on the ice. Fast forward 15 years and Kurtz is coming off a week spent at the NHL draft combine.
This time in track and field, Lucy Haugland is competing in the 400, 800 and 1,500 meters in front of a hometown crowd.
Trevor Larnach led off the game with a home run, Kody Clemens added a three-run shot and the Minnesota Twins clinched another series in Texas with an 12-2 victory over the Rangers.
After disputes about ballots and concerns about voting totals, businessman Kendall Qualls won the endorsement.
Minnesota's endorsing conventions are over, and the story of the weekend is the upset of House Speaker Lisa Demuth in the GOP governor's race.
Minnesota's election season officially kicks off this week as both major parties hold conventions to endorse candidates for governor and U.S. Senate, with competitive battles on the Republican side and clearer paths for Democrats.
Both parties begin the endorsement process today in Rochester and Duluth, with the August primary just two months away.
Friday, the Democratic and Republican parties begin the process of endorsing nominees for statewide offices.
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.
The sign is 51 feet tall and 63 feet wide. And when it was built 85 years ago it was one of the largest neon signs in the entire country.
Fifteen Minnesotans charged for conspiracy to impede or injure federal agents are part of what President Trump considers a terrorist group, prosecutors said.
A big birthday party is coming up this summer, one that every American can celebrate. And it could help the fireworks industry explode with record sales. WCCO explores how much Americans spend each year on fireworks.
Minnesotans weathered the third air quality alert triggered by ozone of the year Monday. If two more happen, it will tie the yearly record.
Milder winters mean more ticks survive to the following spring, and a southern species that can trigger a red meat allergy is now gaining ground in Minnesota as a result.
She didn't win her party's endorsement, but Republican Lisa Demuth plans to keep running for governor anyway. History shows that might actually work in her favor.
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.
High pressure nudging in from the west will bring more sunshine later on Thursday.
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.
Another weak system slides by Friday bringing the chance for a few showers into the afternoon, WCCO meteorologist Joseph Dames reports.
Breezy northwest winds and lower humidity will keep temperatures near 70 degrees. It will feel noticeably cooler than earlier this week.
Cool and comfortable weather will settle in Thursday in the Twin Cities before a weekend warm-up.
High pressure nudging in from the west will bring more sunshine later on Thursday.
A new report is out detailing what a worldwide human rights nonprofit called widespread abuse during Operation Metro Surge.
A global watchdog group has released a damning report on Operation Metro Surge earlier this year in Minnesota, calling for federal leaders to be investigated for creating a "human rights crisis," and urging local leaders to step up support for those impacted. Watch the extended press conference.
The Twin Cities Jazz Festival is coming up this Friday and Saturday in St. Paul, and among the performers are students from MacPhail’s Dakota Jazz Ensemble. Zacc Harris, the Dakota Youth Jazz Ensemble director, and student Finn Bergstrom, preview.
Rachel Wandrei, from Minnesota Grown, and Becky Moritz, owner of Becky's Berries, share a preview.