Minneapolis still leads nation in home price declines
Tuesday, July 26, 2011
The Twin Cities housing market showed mixed signals in the latest report from Case-Shiller. Home prices increased by nearly 3 percent between April and May. Sixteen of 20 large U.S. cities also saw a monthly gain.
However, the Twin Cities continues to lead the index in year-over-year home price declines, falling off nearly 12 percent between May 2010 and May of this year. (Local realtor groups, using different methodologies, had reported a similar year-over-year decline of 11 percent for the period in question).
Originally published: 07/26/2011, MPR News