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Minnesota Housing News

Your home for everything about homes, whether you rent or own. Have a story or question about housing?
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Protesters camp in front of Minneapolis City Hall to fight encampment evictions

Protesters camp in front of Minneapolis City Hall to fight encampment evictions

Activists set up the protest on Sunday night. By Monday morning it had grown to five tents, a couple canopies and banners, including one draped in front of a statue of former Minneapolis Mayor Hubert H. Humphrey, which read “Stop the sweeps. No evictions on stolen land.” 
by Jon Collins

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Home prices see biggest drop in 9 years, thanks to higher mortgage rates

Home prices see biggest drop in 9 years, thanks to higher mortgage rates

The super-heated housing market is cooling off. Home prices have fallen about 6 percent since their peak in June. The pace of sales also fell for the seventh straight month.
by Chris Arnold

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St. Paul City Council approves changes to rent control ordinance

St. Paul City Council approves changes to rent control ordinance

St. Paul City Council members Wednesday approved a series of changes to the city's rent control ordinance, but opponents to the changes say it will disproportionately affect people of color and those living on a fixed income.
by Sarah Thamer

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The rise of multi-generational households

The rise of multi-generational households

During the last few years it became more common for adult children to move in with their parents and vice versa. But multigenerational living was on the rise even before the pandemic. MPR News host Angela Davis talks about the cultural and financial benefits and the challenges of living with adult relatives under one roof.
by Angela Davis and Maja Beckstrom

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Mortgage rates hit six percent, first time since 2008 housing crash

Mortgage rates hit six percent, first time since 2008 housing crash

Average long-term U.S. mortgage rates climbed over six percent this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market.
by The Associated Press

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High rents outpace federal disability payments, leaving many homeless

High rents outpace federal disability payments, leaving many homeless

Supplemental Security Income, a federal program meant to be a financial floor for people unable to work, hasn't kept pace with inflation. Many recipients are homeless, unable to save for an apartment.
by Fred Clasen-Kelly

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Homelessness is aggravating harm caused by the Phoenix heat, medical personnel say

Homelessness is aggravating harm caused by the Phoenix heat, medical personnel say

Phoenix gets more triple-digit temperatures than any other major U.S. city, and heat deaths have more than quadrupled since 2015, records show. Officials say it's because of homelessness.
by Katie Davis-Young

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St. Paul weighs changes to its rent control ordinance

St. Paul weighs changes to its rent control ordinance

Property developers say uncertainty over the new ordinance has led to a drastic decrease in new housing developments. One proposal would exempt new construction from rent controls for 20 years. Advocates say renters need the protections more than ever at a time that rents are increasing across the country and in the Twin Cities.
by Jon Collins

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