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.
Minnesota's COVID-19 update for Friday, November 26
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Minneapolis housing price bounce is the highest among 20 markets
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.
Twin Cities housing market slowly improving
On a seasonally adjusted basis, the national S&P Case-Shiller index shows home prices in the Twin Cities jumped 1.3 percent from March to April, following a 0.8 percent gain from February to March. Prices were up 3.8 percent compared to April of last year.
Home prices continue to rise, Minneapolis among leaders
U.S. Home prices rose in June in all of the 20 cities tracked, according to the Standard & Poor's/Case-Shiller index. Minneapolis recorded one of the biggest one-month gains -- up 4.8 percent from May and 5.7 percent from June 2011.
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