Items Tagged with 'Minneapolis housing market'

ARTICLES

  • Minneapolis is about to abolish single-family residential zoning

    Minneapolis 2040 would allow multifamily housing in single-family neighborhoods
    In a move that strikes a blow against decades of racial inequality and could prove to a boon to multifamily developers, the city of Minneapolis is on the verge of ending single-family residential zoning. Under the plan, duplexes and triplexes would be allowed in neighborhoods that only previously allowed single-family housing.
    Read More
  • Redfin Mortgage expanding to Minnesota

    Online real estate brokerage continues expansion of lending channel
    Redfin, which expanded into mortgage lending last year, is growing its lending business again. Initially, Redfin Mortgage was available in Texas. Then, the company expanded to Illinois, Washington, D.C., Pennsylvania, and Virginia. Now, Redfin is setting up a mortgage operation in Minnesota as well.
    Read More
  • Minnesota's KleinBank accused of discriminatory lending

    DOJ accuses bank of redlining minority neighborhoods
    Minnesota-based KleinBank excluded minority neighborhoods from its service area for all banking services and engaged in discriminatory lending, the Department of Justice claimed in a lawsuit filed late last week. According to the Department of Justice, none of KleinBank’s branch locations in the Minneapolis-St. Paul metro area is located in a minority neighborhood, a practice known as “redlining.” The bank denies the DOJ's allegations.
    Read More
  • Tight inventory pushes Minneapolis market up

    Investors finally move into the Twin Cities
    The Minneapolis housing market seems to be barreling through the adversity of rising interest rates seemingly unscathed. Increased sales activity is fueling housing demand alongside rising home prices, while buyers wait patiently for more homes to become available on the market.
    Read More