Jim Buchta

Last month, there was a nearly 16% increase in pending sales of $1 million-plus houses across the metro, the biggest annual increase in any price range, according to data from the Minneapolis Area Realtors.

More listings and fewer sales are giving a bit of control back to house hunters after more than a decade of sellers being in command.

Here’s what that means for Minnesota home buyers and sellers.

So far this year, builders have garnered enough permits to build 2,931 houses, apartments and other multifamily units compared with 5,687 last year.

HGA veteran Tim Carl takes the helm from Dan Avchen

Developer of the project on Lexington Parkway said the investment partner cited the new rent control statute passed in November.

Demand for rentals is at a high not seen in decades, which is likely to push rents higher with fewer new constructions in the pipeline.

Demand for rentals is at a high not seen in decades, which is likely to push rents higher with fewer new constructions in the pipeline.

Demand for rentals is at a high not seen in decades, which is likely to push rents higher with fewer new constructions in the pipeline.

With its combination of apartments, offices and retail, the project from Houston-based developer Hines connects a vibrant North Loop with the struggling Central Business District via the complicated Warehouse District.