Market Insights: Condominiums
by Brock Boatman They are kind of happening! So far in 2019 we have heard the announcements of some interesting and exciting new projects. TMBR, in the North Loop, would be the Twin Cities’ first high-rise timber-construction residential building, following the T3 Building’s innovative construction technique. Additionally, the top of the luxury market is being […]
Market Insights: Opportunity Zones
by Brock Boatman The Opportunity Zone program has not seemed to set the world on fire like some predicted. Yet. Most developers and investors appear to have the same sentiment – the tax break is nice, but really, it is just gravy; a deal still has to work on its own. But even with the […]
Market Insights: Household Debt
by Cody Lindman Over the past year, all forms of U.S. household debt have increased, with aggregate U.S. household debt reaching $13.95 trillion for the third quarter of 2019, an increase of $440 billion compared to a year prior. However, delinquency rates have held relatively constant over the past year. People between the ages of […]
Market Insights: Apartment Market
by H. Ellis Beck Usually, holidays don’t have much impact on the health of a market, but when analyzing the Twin Cities apartment market, my thoughts turn to Groundhog Day. Yet again, the local apartment market had an extremely solid year, adding inventory and successfully leasing up that new space while rental rates grew. However, […]
State of the Real Estate Market Highlights
by Robert Strachota For the past 10 years or so, the U.S. and Minnesota economies have experienced record-breaking expansion. At the same time, debt is up but the delinquency rate on debt is low. For Minnesota, unemployment is low, wages and income are strong, and the job market is diverse. These are all good signs, […]
Minneapolis Mulls Renter Protections
by Brock Boatman Housing is one of the largest challenges facing communities across the country, particularly providing housing for those in lower- and middle-income brackets. One of the ways in which these groups are being affected is by the common purchase and repositioning of Naturally Occurring Affordable Housing (“NOAH”). In an effort to preserve NOAH, […]