As the Minneapolis Association of Area Realtors (MAAR) data has come in, and the Minneapolis Star Tribune is reporting in this article, the Twin Cities’ 4.6 percent rise in home prices in July was the best among the top 20 markets monitored by the Case-Shiller Index.
July 2009 was the largest month-to-month rise in home prices (over June) that we have seen in over a decade. July was the third consecutive monthly gain in the Minneapolis/St. Paul housing market.
The article goes on to point out how consumer confidence is closely tied to losses and gains in the housing market (I’m quite certain we’re all aware of this by now), and how the good news is somewhat relative, as even though we are currently up, August is a tougher month than July was, and that overall we are down a long ways from the very untenable highs we had 4 years ago.
More to be revealed…
