A report from CoreLogic today shows serious signs of strength in the national and local housing markets. It said that house prices across the country rose 6.3 percent during October, the biggest year-over-year increase in six years. House prices in the Twin Cities posted the exact same increase. From September to October prices fell 0.2 percent, mirroring a typical seasonal shift in the market.
When you exclude distressed sales (short sales and foreclosures) from the mix, prices in the Twin Cities were up 7.3 percent compared with last year; up 0.5 percent from September.
Click on this link to a more complete report.