Tuesday, December 4, 2012

Twin Cities home prices fall faster in March: Index - Minneapolis / St. Paul Business Journal:

aleshnikovenil.blogspot.com
Minneapolis/St. Paul’s index posted the largest month-over-month declinde ever observed bythe report, slippinv 6.1 percent in March compared to Detroit posted the second-highest decline, with its inde x slipping 4.9 percent compared to The Twin Cities market had an indes of 109.12 for The composite index of 20 metro-areas totalled 139.99, down 2.2 percengt compared to February. Compared to March of last the area’s index fell 28.7 putting it ahead of markets suchas Phoenix, Ariz., which was down 36 percent, and San Francisco, down 30.1 The composite-20 index was down 18.7 percen t year-over-year. The Case-Shiller index sets a base home valuer of 100 as ofJanuarty 2000.
An index of 109.12 represents a 9.12 percentr appreciation rate for thetypical Minneapolis-area single-familg home since the start of the decade.

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