Friday, September 12, 2008

Twin Cities Housing Market: Bottomed?

Everyone knows that the housing market has been in a recession since 2007. While housing markets are highly regional, this bear market has hit the entire nation. The Twin Cities have been no exception, with prices down about 17% since the local market peaked in fall of 2006.

According to the most trusted index out there, S&P's Case Schiller Index, the Twin Cities market may have bottomed in April. Granted, it has only risen 1-2% since then, but market bottoms are a good thing.

I don't have data on how the Lake Minnetonka area market has fared in relation to the Twin Cities metro area, but would love to hear if anyone out there has access to that information.

No comments:

Post a Comment