U.S. home prices accelerated in November compared with a year ago, pushed higher by rising sales and a tighter supply of available homes.
Home prices increased in September in most major U.S. cities, more evidence of a housing recovery that is providing a lift to the fragile economy.
U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy.
Home prices rose in August in half of major cities measured by a private survey, a sign that prices are stabilizing in some hard-hit portions of the country.
Home prices in the Twin Cities continue to fall. On average home prices in August were down 11 percent from the previous year, according to the Minneapolis Area Association of Realtors.
Minneapolis posted a 10 percent drop in home prices from this same time last year. That’s the biggest drop in the country.
Minneapolis home prices are at the lowest levels in nearly four years, according to the Standard and Poor’s Case Shiller Index.
There are more signs of a sluggish housing market in the Twin Cities. New figures show the Twin Cities saw the biggest drop in home prices among 20 major cities across the country in February.
The median home price in Minnesota was down 8.8 percent in the first three months of this year and down more than 11 percent compared to March a year ago.
Home prices are dropping in the nation’s largest cities and are expected to fall through next year as fewer people buy homes and millions of foreclosures come on the market.
Home prices jumped 2 1/2 percent in June
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