Twin Cities Real Estate Market Goes Up; 2013 Promising

Tuesday, January 1, 2013

The Twin Cities housing market is on an upward trend, according to Herb Tousley, director of the Opus College of Business' Shenehon Center for Real Estate. Speaking to KSTP, Tousley says that in 2012, the average home sale price in the Twin Cities went up 10 percent and that the percentage of foreclosure or short sales, fell to less than 40 percent. Tousley added that low interest rates and fewer homes on the market will continue to drive up prices in 2013.

Originally published: 01/01/2013, KSTP