Brainerd
Brainerd, MN · Business
Axios Twin Cities
It's prime homebuying season — with a caveat
The chaos of spring and summer homebuying is over and the Twin Cities are entering the best time of the year to snag a house, according to a Realtor.com report . Why it matters: This sweet spot gives buyers a break from the bidding wars and waived home inspections that are more common earlier in the year. By the numbers: Early fall — particularly the week of Sept. 27 — brings some of the best conditions for buyers in the metro, according to Realtor.com, which analyzed data from recent years. There are 25% more listings than an average week. Prices fall 8% below peak season. Homes sit on the market 12 days longer. What they're saying: "Home shoppers heading into fall will find an opportunity that has been hard to come by in recent years: more choices and less urgency," Realtor.com senior economist Hannah Jones said in a press release. Reality check: These are still tough times for homebuyers, especially first-timers. Mortgage rates are near 7%, up from 6.25% a year ago. Increased borrowing costs haven't stopped home prices from rising in the Twin Cities. They were up 1.3% year over year in August, according to Minnesota Realtors. The median
WCCO News Talk 830
The increase in interest rates could put a damper on home buying
Realtors are responding to an increase in mortgage rates, and concerns it could dampen the housing market. "I anticipate, you know, over the next couple of weeks there to be some consumer shock in the marketplace," says Nicole Hayden who is with the St. Paul Area Association of Realtors.
everafterinthewoods.com
The Old Minnesota Store That Looks Frozen In Time From The 1960s
Ever walk into a store and immediately feel like you’ve missed a memo from the last 60 years? That’s the magic here. You half expect somebody to hand you a paper grocery list, point toward the butcher counter, and ask if you’ve heard the latest neighborhood news.
fox5ny.com
Ranked: The best & worst airports for 2026, according to JDPower
Passengers had better experiences at airports this year, a new survey found, in part because of multi-billion dollar construction projects that have improved passenger experience. According to the JD Power 2026 North America airport satisfaction study, overall passenger satisfaction increased 14 points (on a 1,000-point scale) for mega airports in...
WashingtonExaminer
Minnesota attorney general says Somali Muslims have been defrauded by housing scheme claiming to be sharia-compliant
Muslim Somali homebuyers in the Minneapolis area have been defrauded by a “predatory” housing scheme that claims to be sharia-compliant, according to state prosecutors. The Minnesota Attorney General’s Office filed a civil complaint last week accusing real estate brokers Travis Benoit and Steven Legatt of preying upon Somali Muslims by deceptively advertising that customers can […]
hoodline.com
Foreclosure Case Puts HmongTown Marketplace’s Rents and Operations Before Court
Stearns Bank filed a foreclosure lawsuit Sept. 10 over the HmongTown Marketplace property at 217 Como Ave. in St. Paul and asked a Ramsey County court to appoint a receiver while the case proceeds. If granted, the request could place rent collection and property management under court-supervised control. The Pioneer Press, in a report carried by Twin Cities, said the bank alleges that the ownership group owes about $6.5 million, including loan principal, interest and late charges.
wheninyourstate.com
One street in St. Paul holds more Victorian mansions than anywhere else in America
Summit Avenue runs 4.5 miles through St. Paul, Minnesota, from a hilltop cathedral down to the Mississippi River. Along the way, you pass roughly 370 mansions built by railroad barons, lumber kings, and milling fortunes from the 1800s. A famous novelist finished his first book here. The state’s governor still...
Axios Twin Cities
Former St. Paul Mayor Melvin Carter takes new job as Fuse CEO
Former St. Paul Mayor Melvin Carter has a new title: CEO. State of play : Carter, who lost his re-election bid to Kaohly Her last November, starts today as the top boss at Fuse , a national nonprofit that "helps local governments accelerate solutions to complex challenges." How it works: Fuse runs an executive fellowship program that places policy experts in local governments across the country to help local officials address issues ranging from affordability to climate to public safety. What he's saying: "My fundamental belief has always been that the way we move America forward isn't some push from D.C., but it's local communities across the country working together to pull the country forward," Carter told Axios in an interview ahead of this morning's announcement. Fuse, he said, can play a big role in that innovation by asking local governments "what's the biggest thing that you don't have the capacity to do," then providing the support for them to make real progress. Case in point: Carter knows the organization's impact firsthand. During his tenure, the city brought on a Fuse fellow . The fellow's work was central to St. Paul's sustainable transportation efforts, including the addition of more charging