Minneapolis Home Prices At 4-Year Low

MINNEAPOLIS (WCCO) — Minneapolis home prices are at the lowest levels in nearly four years, according to the Standard and Poor’s Case Shiller Index.

Home prices declined 10 percent in March, compared to the same period a year ago.

Chris Galler is president of the Minnesota Association of Realtors.

He said we can expect better news next month.

“That’s because the tax credits ended in April last year, and the May numbers were off,” He said.

WCCO’s Susie Jones Interviews Chris Galler

The Minneapolis drop was the largest of the 20 cities measured in the index.

More from Susie Jones
  • tuna-free dolphin

    The one number we all wish would start going back up. The Obama legacy continues. Each day the tired excuse of blaming Bush gets a little more lame. When will his followers admit that his ideas just don’t work? Or are they all just hoping for another slice the government pie?

  • Paul S. Chair of Lotterman for President Committee

    – Not sure who interpreted the Case Shiller data into a headline that reads, “Minniapolis Home Prices at 4-year Low”, but I know it wasn’t Ed Lotterman.

  • Maple Grove

    We were only in the beginnings of the worst recession since the great depression when Obama took office. To pass judgment that his policies are failures would not only be premature, but foolish. It sounds like partisan B.S. to me.
    Since the bubble popped, everyone knew this would be years and years before recovery was seen. Obama himself has said as much. We would be in this same spot wtih a conservative president sitting in the office.

    However, with Obama in office we’ve seen the end of Don’t Ask Don’t Tell, the repeal of law that made it illegal for HIV+ people to travel to our country, the termination of Bin Laden, and whether you like it or not, the biggest health care reform in decades. Speaking as an American who voted for Obama, I am quite content with that decision.

    • Johnathon

      Wake up you tea drinking single issue idiot. Your cheering his gay rights stance as the country goes down the toilet. Obama is anti-business and has tried since he has been in office to re distribute wealth. It has not worked. Business will continue to flounder as long as he keeps pushing cap and trade, obamacare, unions, and high taxes. What will it take to wake you up?

  • Maple Grove

    I don’t think AIDS is a gay issue, nor is Health Care, but if you want to label me as a single-issue idiot to make you feel superior, by all means go for it.
    The country will always be “going down the toilet” to the party who is not in the the white house.
    You’re being incredibly dramatic, Union workers would disagree with you that Obama is pushing Unions. He did next to nothing as the Wisconsin ordeal unfolded. My father is a union worker, and he felt that Obama should have done much more. Its all about perspective, something you clearly lack. Taxes are not that bad, you’re just looking for junk to complain about.

  • Maple Grove

    Furthermore, my orignal post also addressed the financial crisis, and national security, as well as gay rights and health care. I can’t see where you got “single issue” from, unless you are just painting me into a corner…

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