• Font Size    

Today's Most Popular Video

Couple Recalls Deadly Tour Bus Crash
E-mail

Close Window E-mail This Page

Twin Cities Housing Market Improves

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +   
Oct 28, 2009 8:41 am US/Central

Twin Cities Housing Market Improves

MINNEAPOLIS (AP) ― The Minneapolis-St. Paul area's housing market seems to be improving.

A national home price index says home prices rose 3.2 percent from July to August. That's compared with a 1.2 percent average increase for the 20 cities tracked by the index.

According to the Standard & Poor's/Case-Shiller's index, this is the fourth month of improvement for Minneapolis-St. Paul and the nation.

It is also the second month the Twin Cities came out on top of the index.

David Blitzer, at Standard & Poor's, says the Twin Cities may be on the top because the area's prices peaked and bottomed earlier than the other areas tracked. He worries that prices may dip again if the unemployment rate continues to rise and the home buyer tax credit is not extended.

Information from: Star Tribune, http://www.startribune.com

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

From Our Partners

© MMIX, CBS Broadcasting Inc. All Rights Reserved.