Monday P.M. Report

Twin Cities home sales fall 34 percent in September: The expiration of the home-buyer tax credit helped push Twin Cities home sales down 33.5 percent in September, compared with the same period of 2009. There were 2,803 closed home sales in September, down from 4,216 in the year-ago period, the Minneapolis Area Realtors Association said today. Pending home sales also fell during the month, slipping 37.8 percent, compared with the year-ago period. Inventory jumped 13.9 percent in September. The median home sale price in September totaled $166,000, down from $170,000 in the year-ago period. Read full story

Downtown St. Paul vacancy rate falls: The vacancy rate for commercial office buildings in downtown St. Paul fell to 17.9 percent in 2010, down from 20.1 percent a year earlier, according to a report released today. Vacancy rates were lowest for Class A office space. The rate for those properties totaled 10.6 percent, the Greater St. Paul Building Owners and Managers Association (BOMA) said. The vacancy rate for Class B space stood at 21 percent. Read full story

Enrollment rises 2.7 percent at MnSCU: More than 200,000 students are attending Minnesota State Colleges and Universities this fall, setting another enrollment record. This is the fifth year in a row that enrollment has increased at the 32 schools in the MnSCU system. MnSCU’s schools now have 203,756 students, a 2.7 percent jump from 2009. Enrollment at the 25 community and technical colleges in the system grew by more than 3 percent, while the seven state universities averaged a 2 percent increase. Read full story

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