Article by: JIM BUCHTA , Star Tribune

The Twin Cities posted the second-highest increase in home prices among 20 major U.S. cities in July, as the local housing market continues to strengthen.

The Standard & Poor’s/Case Shiller index showed home prices in the metro area jumped 6 percent in July compared to a year ago, far outpacing the 20-city composite that showed a 1.2 percent gain. The Twin Cities trailed only Phoenix, which saw prices soar 16.6 percent for the month.

Among the metro areas S&P follows, the Twin Cities has been a standout for much of the year with six months of year-over-year gains. July’s increase gives Realtors, buyers and sellers even greater confidence that the market is finally gaining stability after crashing five years ago.

Click Here For More

Twin Cities home price recovery on firm footing

User Registration

Forgot Password?
Back To Login

Enter E-mail: