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Minneapolis among leaders in housing price increases

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Minneapolis ranked near the top of the Case-Shiller list that ranks 20 big cities monthly on housing prices.

Minneapolis was No. 3 on the list with a 1.1 percent monthly housing price increase for September, behind Las Vegas and San Diego, which had 1.4 percent price increases that month.

It was the sixth consecutive month-over-month increase for the 20-market list as a whole, the Los Angeles Times reports. The 20 markets were up just 0.3 percent from August but 3.0 percent from a year ago in September 2011.

A U.S. News and World Report blogger suggests that it's "safe" to say the nation is in a housing recovery.

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Minneapolis housing prices increase

Good news for the housing market: The S&P/Case-Shiller home price index rose 2.2 percent in May, beating economists' forecasts, as all 20 of the nation's largest metropolitan areas posted gains from April. And 12 of the 20 cities had higher prices than they did a year ago, suggesting that the improvement is durable, the report said. In Minneapolis, housing prices were up 3.1 percent from April, and up 4.7 percent from last year.

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Good news for the local real estate market (unless you are just looking to buy): Minneapolis housing prices jumped 3.7 percent from June to July, according to the closely watched monthly S&P Case-Shiller index. Of the 20 major metros in the index, Minneapolis had the biggest monthly rise. And prices are up 6.4 percent from last year.