Job gains in the professional and business services sector led all others last month with 3,500 new jobs.
In March, the median sales price rose to $190,000. Half the homes sold in the Twin Cities fetched more; half sold for less. The median sales price has posted annual gains for 25 straight months.
The head of the Federal Reserve Bank of Minneapolis says the Fed is "undershooting" and "underperforming" on its goals of promoting price stability and maximum employment.
DFL State Rep. Phyllis Kahn failed to win endorsement for a 22nd term at her district convention Saturday in Minneapolis.
Those who survived the worst of it are now enjoying a rebound. Many of the foreclosures that flooded the region in the Great Recession have been wrung from the market. That's put the supply of used homes for sale at a 10-year low, according to the Minneapolis Area Association of Realtors.
The broader index of 20 major metro areas was up by about 13 percent over the same period last year.
Fair-market rent for a modest, two-bedroom rental in Minnesota is about $850 and full-time workers would have to earn $16.50 per hour to afford it, according to Minnesota Housing Partnership, one of the groups that released the report in conjunction with the National Low Income Housing Coalition.
Researchers found that local labor markets are growing more uniform and less specialized. There aren't very many places like Silicon Valley boasting a strong concentration of one kind of job.
Sales to Canada, the state's largest export market, were down 7 percent in the fourth quarter. Overall export numbers for the full year 2013 were down slightly, the trade office said.
The median sales price for a Twin Cities home climbed to about $183,000 in February, up 14 percent compared to the same month last year. But other measures of the housing market tumbled.
Minorities in Minnesota may face many hurdles to buying a home. With lower educational attainment, income and savings rates than their white counterparts, some people of color may be less likely to qualify for mortgages -- or to apply for them.
Pending home sales in the Twin Cities were sluggish for at least half the month of February, according to preliminary reports from the Minneapolis Area Association of Realtors.
At the end of 2013, about 10 percent of mortgaged properties were "underwater," down from about 16 percent a year earlier.
Only a handful of states produced a greater number of online job ads, said Steve Hine, Minnesota's chief labor market analyst.
Lenders are struggling to increase profits, in part because loan growth is lackluster, said Ron Feldman, executive vice president at the Federal Reserve Bank of Minneapolis.