A new survey from the University of St. Thomas shows increased optimism in the Twin Cities commercial real estate industry.
Since June 2010, hotels, restaurants and entertainment venues in the state have added more than 5,000 jobs, about a third of the positions lost in the hospitality industry, often used as a bellweather since the start of the recession.
The Twin Cities had the unfortunate distinction in March of having the biggest home price decline in the Standard & Poor's/Case-Shiller Home Price Index. Real estate experts say the numbers reflect continued weakness in the metro area's housing market. But they also caution against reading too much into the price decline.
Many of the mortgages that have gone into foreclosure were packaged and sold to multiple owners. That can make it difficult to identify who is responsible for a foreclosed property. And determining if a house is insured also could be tricky.
Minnesotans are paying off their credit cards in an increasingly timely manner, according to a report from the research firm TransUnion.
The destructive storms and tornado that hit Minnesota Sunday follow two years of record insurance payouts to homeowners for catastrophic losses.
The two main surveys used to gauge the health of Minnesota's labor market pointed in different directions in April.
Medtronic and Ford Motor Company are partnering to create a system that would allow a medical device for diabetics to communicate with a Ford vehicle.
Over the past year, an average of about 73,000 workers have been out of a job for six months or longer, a third of the state's total jobless population. That portion has grown steadily and shows no sign of abating nearly two years after the official end of the recession.
The Twin Cities housing market in April continued to fare poorly in comparison to the same month last year, when the federal tax credit for first-time homebuyers buoyed sales.
Boston Scientific Corporation says a shipment of medical devices was stolen on its way to a sterilization facility in Coventry, Rhode Island, last month.
Minnesota's chief attorney for jobless benefits said the picture will improve dramatically later this year as the economy improves and payouts for benefits taper off.
The Builders Association of the Twin Cities says the decline stems from a drop-off in construction of multi-family apartments and condos.
Foreclosures and bad credit have forced many people into apartments. Plus, individuals who had previously doubled up with roommates or family because of the bad economy are now stepping out into their own apartments.
Home prices are falling in most major U.S.
cities, and at least 10 major markets are at their lowest point
since the housing bubble burst.