Twin Cities housing prices fell again in July

The good news in the latest Standard and Poor's report is the decline isn't as dramatic as it has been. Still, any positive signs are countered by the fact that the Twin Cities decline is worse than all the other cities Standard and Poor's looks at for the report.
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The good news in the latest Standard and Poor's report is the decline isn't as dramatic as it has been. Still, any positive signs are countered by the fact that the Twin Cities decline is worse than all the other cities Standard and Poor's looks at for the report.

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Report indicates recovery in Twin Cities housing market

A new report from the Minneapolis Area Association of Realtors says median home prices rose to nearly $180,000 in July, its highest percentage gain in eight years. The report says the 14.3 percent increase over last year's prices came as the number of homes on the market declined and higher-priced traditional sales rose.

Analysts: Gas prices to continue to rise in Twin Cities

Experts predict the cost of a gallon of fuel in the Twin Cities will continue to rise over the next few weeks. The average price of gas in the metro jumped more than 10 cents in the past week -- averaging $3.55 per gallon. That's higher than the national average.

Home prices keep edging higher in the Twin Cities metro, Case-Shiller reports

New figures from the Standard & Poor's/Case-Shiller Home Price Index show Minneapolis-St. Paul area home prices jumped 7.4 percent in August, compared to the same month a year earlier. Nationally prices rose 2 percent from August 2011 levels. MPR notes the Twin Cities housing market has seen year-over-year gains in home prices every month since February.

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.