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Twin Cities home values continue to climb, Case-Shiller says

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The Star Tribune says home prices in the Twin Cities metro jumped 12.1 percent in January from a year earlier, according to the Standard & Poor’s/Case-Shiller Home Price Index released Tuesday.

Average house prices for the 20 metro area composite rose 8.1 percent -- the highest increase since the housing bubble burst in 2006. All 20 markets tracked posted year-over-year gains in January with Phoenix leading the way -- up 23.2 percent.

Click here, for the full Case-Shiller report.

February home sales in the Twin Cites 13-county metro slipped for the first time nearly two years. That's according to the most recent report from the Minneapolis Area Association of Realtors that also showed the median home sale price improved more than 15 percent to $160,000.

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