Minneapolis Real Estate News
Minneapolis
Baby Boomers Biggest Cohort of U.S. Home Buyers in 2025 as Millennials Decline
In a notable shift in the housing market, baby boomers have surpassed millennials as the largest generational group of home buyers, according to the National Association of Realtors (NAR).
U.S. Residential Foreclosures Dip 10 Percent Annually in 2024
According to ATTOM's Year-End 2024 U.S. Foreclosure Market Report, foreclosure filings--comprising default notices, scheduled auctions, and bank repossessions--were reported on 322,103 U.S. properties in 2024.
Architecture Industry Sees Mixed Signals as 2025 Approaches
While the AIA/Deltek Architecture Billings Index (ABI) dipped slightly below 50 in November 2024, the score hovered near the threshold, reflecting an almost equal split between firms reporting increases and decreases in billings.
More Americans Opting for Renting Over Homeownership in 2024
According to new research by CBRE, the rising cost of homeownership is prompting more Americans to opt for renting. On average, monthly mortgage payments for new homes are currently 35% higher than apartment rents, creating a significant affordability gap.
