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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?
Share it with us here!

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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'We're in trouble': Evictions surpass pre-pandemic levels, strain shelters

'We're in trouble': Evictions surpass pre-pandemic levels, strain shelters

Statewide, evictions averaged 600 a week in June. That’s 73 percent above the pre-pandemic average, according to court filings compiled by Princeton University's Eviction Lab. Most of those filings were in Hennepin County.
by Nina Moini and Megan Burks

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A first-of-its kind affordable housing complex with childcare center breaks ground

A first-of-its kind affordable housing complex with childcare center breaks ground

A new affordable housing project with a childcare center began construction this week in St. Louis Park. It comes at a time when rising housing prices, inflation, and supply chain shortages continue to push homeownership out of reach for many. MPR News host Nina Moini discussed the Rise on 7 project and the increasingly dire state of housing with Deidre Schmidt, president and CEO of CommonBond Communities.
by Nina Moini and Ngoc Bui

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Tour TV legend Don Shelby's ultra-green Excelsior home

Tour TV legend Don Shelby's ultra-green Excelsior home

From 80-foot wells, to a secret passageway leading to a state-of-the-art geothermal system, to a stone statue signifying the people most at risk from climate change, former WCCO news anchor and climate advocate Don Shelby has built a home meant to inspire others to act.
by Paul Huttner

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