The price spike was due in part to fewer sales of low-priced foreclosures and short sales. They made up less than a quarter of all completed sales last month. Just two years earlier, they comprised nearly half of all completed sales.
Lots of people involved in the housing market say it still has vigor but has been slowing down. Some say they noticed the market turn down before September.
A new survey co-sponsored by the Minnesota Chamber of Commerce shows that employers' confidence about the economy is at its highest level since 2007. But respondents were gloomy about the state's business climate.
About 38 percent of businesses reported that the Affordable Care Act had either caused them to be more reluctant to hire or actually reduced hiring or layoffs or cuts in hours according to a Creighton University poll.
Bankruptcies have been on the decline in Minnesota since spiking during the recession. The reasons for the drop are complicated -- and they're less tied to a recovering economy than you might think.
Prices rose about 10 percent over the year ending in July. That's a slower growth rate than in previous months and lower than the overall index's 12 percent growth over the same period.
state economic officials say the surge in hiring indicates Minnesota has regained all the jobs lost in the Great Recession, and then some, surpassing national job growth.
The layoffs are part of 1,900 cuts nationwide announced today by the bank, which is responding to a changing marketplace for home loans.
According to the U.S. Bureau of Economic Analysis, real GDP, an inflation-adjusted measure of the value of goods and services produced in a year, grew by 3.9 percent in the Twin Cities between 2011 and 2012.
There's reason to think that at the very least, employers in the state were not in layoff mode in August.
Realtors say the market's fundamentals are still strong, but a seasonal slowdown is taking hold and affecting sellers.
The vacancy rate for Twin Cities apartments charging less than $1,000 per month fell to 2 percent in the second quarter. That was down from a rate of 2.7 percent a year earlier.
The Creighton University business conditions index jumped to 59 in August from July's reading of 54. A score above 50 indicates economic expansion.
International sales of Minnesota goods fell to $5.2 billion in the second quarter of the year. That was a drop of 6 percent compared to the same period last year.
Even though overall mosquito numbers are dropping, there's a spike in the kind of mosquito that transmits West Nile virus.