The Skinny Blog

Research

Since home prices for the Twin Cities metro have fully recovered and then some, it’s tempting (and even somewhat logical) to assume that monthly mortgage payments are also at all-time highs. That assumption would be entirely inaccurate. But it makes so much sense! If the median home price is at an all-time high, the monthly
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Filed Under: Blog ,Market Research ,Research ,Stats

While many–though not all–cities around the metro have seen all-time high median sales prices, the first and second-ring suburbs near Minneapolis and major job centers stand out. Check out the median home price for these Minneapolis suburbs. But when we account for the fact that bigger homes are selling (both from new construction and finishing
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Filed Under: Blog ,Insight ,Market Research ,Research ,Stats

Given the fact that the school year is about a month away (yikes) and we’ve already had our first preview of fall weather, it feels like a good time to talk about seasonality. First of all, whatever you do, don’t use the term “seasonably adjusted.” Second of all, don’t make matters worse by talking about
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Filed Under: Blog ,Market Research ,Research ,Stats

Have you ever been asked “How do taxes compare between Minneapolis and Edina?” Odds are if you’re reading this, there’s a good chance you’ve been asked that. And if not, you could be next! To help answer that question, we’ve created a table that compares the median sales prices in both cities along with the median
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Filed Under: Market Research ,Policy ,Research ,Stats

As the shortage of residential property listings persists, many observers are rightly examining recent new construction trends. We’d like to get in on that. Using exclusively NorthstarMLS data, this analysis only looks at listings with a “year built” field of 2016 or later. However, the closed sales count only uses 2017YTD activity and inventory is always
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Filed Under: Blog ,Market Research ,Research ,Stats

We have all heard the saying “everything eventually reverts to the mean.” No? Fair enough. There’s a saying that goes “everything eventually reverts to the mean.” It’s a way of expressing that, over a sufficient time period, a data set can only remain above or below its long-term trend for so long, but eventually should
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Filed Under: Research ,Stats

Even though it’s in Wisconsin, Hudson is a beautiful year-round destination for Twin Citizens. With a present-day population of about 13,000 people, the area first developed around 1840 along with the sawmills that dotted the St. Croix Valley. As the chart above indicates, Hudson accounts for about 40.0 percent of sales activity in St. Croix County.
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Filed Under: Pick of the Week ,Research

Since the beginning of 2003 (chart above starts at 2005), there have been more homes for sale in Minneapolis priced under $250,000 than in St. Paul. And then one cold winter morning that was no longer the case. Starting in February 2016 and every month since, there have been more homes priced under $250,000 for
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Filed Under: Affordability ,Blog ,Research

With regional institutions like Psycho Suzi’s, Gasthof’s and Jax Café, you’ve probably visited the Bottineau Neighborhood in Northeast Minneapolis without even knowing it. Several (five!) brew pubs have made the neighborhood home; Indeed and Dangerous Man are perhaps the most notable. The neighborhood spans from 17th Ave. NE up to NE Lowry Ave. and from
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Filed Under: Pick of the Week ,Research ,Stats

                  As these two vintage prints suggest, White Bear Lake is one cool place to be. Serving as the backdrop in F. Scott Fitzgerald’s Winter Dreams surely didn’t hurt that image. But the cool factor didn’t stop there. When the heat was on, several prominent Prohibition Era
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Filed Under: Pick of the Week ,Research ,Stats

        Around this time every year, millions of people go to the State Fair in Falcon Heights. Whether you go for the music, food, people-watching or maybe you’re one of those reluctant attendees there with your children or supervisor, the Great Minnesota Get Together has something for everyone. If you’re not one
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Filed Under: Blog ,Pick of the Week ,Research ,Stats

        Maple Grove is one of the more sought-after northwest metro locations. With an excellent array of housing products that span the spectrum from affordable townhomes to some of the most luxurious single family castles, Maple Grove attracts families and individuals from all walks of life. One common comparison among home shoppers
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Filed Under: Pick of the Week ,Research

        Comprised of eleven neighborhoods stretching from Minnehaha Falls over to 35W and roughly from 42nd St. E. down to the Crosstown, the Nokomis Community offers classic South Minneapolis living with convenient lake, dining, nightlife, transit and freeway access. Though it wasn’t always the case over the last decade or so, the
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Filed Under: Blog ,Pick of the Week ,Research

              Elk River lies at the crossroads of Highways 169 and 10 and at the confluence of the Mississippi and Elk rivers. If you’ve ever driven up to cabin country, odds are good that you’ve passed through it. Several notable hockey players have roots in Elk River, including Dan
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Filed Under: Pick of the Week ,Research

            Even lifetime residents may not be aware that there are actually six official neighborhoods in downtown Minneapolis. They include North Loop, Downtown West, Downtown East, Elliot Park, Loring Park and Stevens Square/Loring Heights. For a good visual, try this. Recently, in the face of all the new development happening
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Filed Under: Pick of the Week ,Research

            Lovingly referred to as “Frogtown” by some, Thomas-Dale is a central St. Paul neighborhood just northwest of downtown. It lies north of I-94 and west of I-35E. The neighborhood is served by the Green Line train. This area is home to the vibrant Hmong community and there are many
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Filed Under: Pick of the Week ,Research ,Stats