Twin Cities home prices continue to riseby Annie Baxter, Minnesota Public Radio
ST. PAUL, Minn. — Twin Cities home prices continued to rise in September, according to the latest numbers from the Standard & Poor's/Case-Schiller Home Price Index.
The index shows Twin Cities home prices were up nearly 9 percent from September of last year. Among the 20 major metropolitan areas the index tracks, only Phoenix saw a bigger increase.
David Blitzer with Standard & Poor's said the Twin Cities housing market has climbed a long way from its low point in April of last year.
"It's 19.1 percent off its bottom, which is generally good," Blitzer said.
Blitzer said nationally, housing has turned a corner. He notes that home sales and prices, as well as housing starts and builder confidence have shown consistent improvements over the past several months.