Monthly housing report: Year end home prices bump up

Author:
Updated:
Original:

Prices for residential property in the Twin Cities area rose 10.5 percent in November over the same month last year, MPR News reports, citing the influential S&P Case-Schiller Home Price Index.

The Star Tribune explained that on on a month-to-month basis, home prices in the metro area were flat, but they experienced the jump when compared to the same time period in 2012.

The Associated Press had the national housing picture, reporting that U.S. home prices fell slightly in November, ending nine straight months of price gains. The Standard & Poor's/Case-Shiller home price index slipped 0.1 percent from October to November. The index is not adjusted for seasonal variations, so the decline reflects slower buying patterns traditional in late fall. In the 20 cities tracked in the index, only Detroit prices remain below their 2000 level.

Sales for all of 2013 totaled 5.09 million, the best performance since 2006.

FOX 9, noting that the spring market in Minnesota begins in earnest in February, had a tip-filled story for both buyers and sellers to help them prepare to make a profitable transaction.

Recommendations for buyers include gathering financial records ready to present to a loan officer, including bank statements, tax returns, W-2s, investment accounts and other assets. For sellers, a pre-inspection is suggested. "For less than $500, you'll know in advance if there are any expensive repairs that could stop a transaction," the story advises. Sellers are also urged to spiff up their online presentation. "Your home's first showing is when a buyer looks at it online, not in person. Professional photos do make the difference."
KMSP-TV

Next Up

Target Field

Twins: Target Field to return to 100% capacity from July 5

The Twins are increasing capacity for its May and June games, too.

Bob Kroll

Minneapolis City Council committee votes not to provide Bob Kroll defense in lawsuits

On Wednesday, the Policy and Government Oversight Committee voted to deny Kroll indemnification in four lawsuits he is named in.

internet

Pandemic program gives eligible households $50 off monthly internet bills

The Emergency Broadband Program was passed by Congress as part of a COVID-19 relief package in December.

Twitter -  Jennifer McDermed glitch - FOX 9

FOX 9 meteorologist's glitchy, laugh-filled forecast goes viral, features on Fallon

The FOX 9 meteorologist's clip was shared on 'Jimmy Fallon' and 'GMA.'

police lights

Suspects, possibly armed, flee after gunshots and car crash in Bemidji

Police say they may be armed, and are asking the public for tips.

Kevin Fiala, Jordan Greenway

Wild blanked by Blues; playoff fate is in Colorado's hands

It comes down to the final day of the regular season.

Screen Shot 2021-05-12 at 10.04.32 PM

Number of suicides in Minnesota decreased in 2020

While the number dropped, 723 people still died by suicide last year.

Vikings fans, U.S. Bank Stadium

Ranking the most difficult games in the Vikings' 2021 schedule

The Vikings have some interesting matchups on their 17-game slate.

Spencer Silver

Chemist who co-invented Post-it Notes dies at home in St. Paul

He developed an adhesive that could stick to paper – repeatedly – without damaging the paper.

Related