Mpls. Leads 20-City Index with 3.2% Gain According to Case-Shiller’s August statistics, Minneapolis showed the best appreciation of 20 markets nationally, with a 3.2% increase (the raw number increased from 118.87 in July to 122.66 in August). So what does that mean? I don’t put too much stock in it, for two reasons: 1) a...Read More
May Case-Shiller Numbers: Is the Worst Over? It’s tough to make predictions, especially about the future. —Yogi Berra If I told you a stock that had been selling for $30 three years ago was now $20, and hadn’t fallen any further in the last few months, could you confidently say that it had bottomed? It...Read More
Market Snapshot: Case-Shiller vs. Ross Kaplan According to the just-released S&P/Case-Shiller home-price index, Minneapolis home prices rose 1% in May. If you like raw statistics, the May number was 109.77, vs. 108.51 in April. Notwithstanding the “scientific” ring of such precise numbers, my Realtor’s, “boots-on-the-ground” take is that things are much more amorphous. Here’s what...Read More
