The median Twin Cities home price fell to about $149,000 in November -- down 10 percent on an over-the-year basis, according to a report today from the Minneapolis Area Association of Realtors.
Minnesota's housing market may enjoy greater stability in 2012, according to a new economic forecast from Wells Fargo.
Wells Fargo economists project tepid job growth for Minnesota in 2012.
The state's job market is definitely recovering, Minnesota budget officials say, but recovery will continue at a crawl.
An important measure of labor market demand took a dive in Minnesota in November.
Although younger workers bore most of the brunt of job cuts in the recession, several signs indicate that laid-off older workers who lost jobs are less likely to benefit from the economic recovery.
Home prices in the Twin Cities fell about 1 percent in September compared to the month before, according to Standard & Poor's/Case Shiller Index.
Despite some workers' and customers' objections to the fact that Black Friday sales started creeping into Thanksgiving, many consumers in the Twin Cities showed support Thursday and Friday with their wallets wide open.
Mortgage delinquency rates in Minnesota fell in the third quarter ending in September, according to data from the Mortgage Bankers Association.
Rottlund Homes is liquidating its assets because of sluggish demand for new homes and difficulty procuring loans from banks.
For many people, losing a job is as devastating emotionally as it is financially. Imagine it repeatedly. And then imagine it happening to your spouse, as well. For Al and Michelle Ford, the Great Recession started well before it became a nationwide crisis.
The median Twin Cities home sales price continued to tumble last month to $155,000, down about 9 percent from the same month last year.
The head of the Federal Reserve Bank of Minneapolis says the Federal Reserve should provide the public with a contingency plan for changing economic conditions.
According to the Minneapolis-based group HousingLink, foreclosures fell by 32 percent in the three months ending in September, compared to the same period last year.
Striking an irreverent tone, the chief executive of US Bank said business owners need to snap out of their economic doldrums.