Home prices in the Twin Cites aren't rising as fast as the national average, and why that's a good thing

Case-Shiller: Home prices during February were up 3.1 percent compared with 4.2 percent nationwide.

April 28, 2015 at 4:44PM
(The Minnesota Star Tribune)

House prices in the Twin Cities haven't been rising at the same pace as the national average (3.1 percent in the Twin Cities during February versus 4.2 percent nationwide), but that's not necessarily a bad thing. Here's why: In some parts of the country house prices are increasing faster than the national average, fueling fears that price gains in those areas are outpacing wage increases. In Denver, for example, the index increased 10 percent and in Miami prices were up 9.2 percent, according to the latest S&P/Case-Shiller Home Price Index, which measures changes in the price of the same the house over time. Take a look at what happened nationwide:

(The Minnesota Star Tribune)
about the writer

about the writer

Jim Buchta

Reporter

Jim Buchta has covered real estate for the Star Tribune for several years. He also has covered energy, small business, consumer affairs and travel.

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