Twin Cities Up 10% Since May
The just-released Case-Shiller index of housing prices in the 20 leading U.S. markets shows continuing improvement in August.
Prices climbed in 19 markets, led by Detroit, up 2.27%; Seattle was the worst-performing market, essentially flat (off .06%).
The Twin Cities ranked sixth, with an increase of 1.19%.
Where the Twin Cities really shines, however, is the last 3 months: according to Case-Shiller, local home prices are up almost 10% during that interval, ranking 2nd nationally.
P.S.: with U.S. financial markets closed a second day due to Hurricane Sandy, the Case-Shiller numbers are likely to get more than the usual attention.