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Twin Cities home-for-sale inventory at historic low

MinnPost photo by Corey Anderson

People staying put. KARE’s Karla Hult reports: “The arrival of the spring and summer real estate season has also revealed a new trend in the Twin Cities housing market – “historically low” inventory. … “What’s different about this market is the number of homes for sale, historically low. Lower than it was last year by almost 20 percent. And by historical standards, it’s very low,” said Herb Tousley, the Director of Real Estate Programs at the University of St. Thomas. … Tousley referred to data collected by the Multiple Listing Service for the 13-county metro area. That data shows 11,000 homes were for sale in the Twin Cities market at the end of March 2016. In March 2015, there were 14,000 homes on the market. And at the housing peak back in the mid 2000s the data shows up to 22,000 homes were on the market.”

More fallout from that APM report on Mesabi Academy in Buhl. Tom Scheck and Curtis Gilbert write:Ramsey County social services authorities are removing four boys from the care of Mesabi Academy in Buhl, Minn., in the wake of an APM Reports investigation into the private juvenile correctional facility. … Meghan Mohs, Ramsey County Deputy Manager sent an email this week disclosing the four boys are under the supervision of the county’s Child Protective Services and will be moving from Mesabi — ‘likely this week.’ … The email to Ramsey County commissioners said the decision was made because social services officials think Mesabi Academy ‘no longer meets the treatment needs of these children.’ ”

Throw in a stop at a brewery and some flannel and we’re at peak Twin Cities. MPR’s Tracy Mumford writes: “Saturday was Indie Bookstore Day — a celebration of the brick-and-mortar stores that have weathered the rise of online shopping and are still going strong. … This year, 10 stores banded together for the Twin Cities Independent Bookstore Passport project, challenging people to visit all 10 and get their passports stamped. … A bookstore challenge? This is like my Olympics. … On Saturday, I put some air in my tires and mapped out my route. I’d planned to travel by bike for two reasons. One, I have no car — that makes the decision easy. And two, being limited to just a backpack really reined in the number of books I could pick up.”

Well, uh, that’s a start. In the Duluth News Tribune, John Lundy writes: “The locks have been taken off two secured rooms in the Duluth Detoxification Center in the wake of an incident last year when a client was stripped of clothing and left naked in one of the rooms. ‘We’ve removed the locks on those close observation rooms so they can no longer be locked,’ said Gary Olson, executive director of the Center for Alcohol and Drug Treatment… The center provides 24 beds for “medically managed detoxification from drugs and alcohol,” according to the CADT’s website.”

In other news…

Mother’s Day is Sunday: “Minnesota has second-highest rate of working mothers” [Star Tribune]

IBM is downsizing its campus in Rochester. [Rochester Post Bulletin]

New Minneapolis Fed Chief Neel Kashkari continues to make his pitch for breaking up the big banks. [Rochester Post-Bulletin]

No to the premise, but yes to the chicken suggestions: “Move over, ramen. Fried chicken is hot on your heels as the current food crush of the moment.” [City Pages]

Here’s Paul McCartney playing “Let’s Go Crazy” at Target Center [YouTube]

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