Twin Cities real estate market is now among country’s hottest
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The hottest real estate market in the country when it comes to the resale value of homes? It's Minneapolis-St. Paul, according to the monthly Case-Schiller Index, which tracks these things. Here's the results for August, which were released this morning (seasonally unadjusted).
| City | Increase/Decrease |
| Minneapolis | 3.2% |
| San Francisco | 2.8% |
| Detroit | 1.9% |
| Chicago | 1.7% |
| Phoenix | 1.6% |
| Los Angeles | 1.6% |
| San Diego | 1.6% |
| Washington | 1.4% |
| Miami | 1.1% |
| Atlanta | 1.0% |
| Denver | 1.0% |
| Boston | 0.9% |
| New York | 0.5% |
| Tampa | 0.4% |
| Portland | 0.3% |
| Dallas | 0.2% |
| Seattle | 0.1%
|
| Las Vegas | -0.3% |
| Cleveland | -0.5% |
| Charlotte | -4.0% |
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It's the fourth consecutive month of home value increases in the Twin Cities -- up over 12% over that time. The impressive rebound over the last few months has also pushed the local index into positive territory for the year -- up 1.9%. The index, however, shows the home resale value is still 13% lower than a year ago.
And when it comes to green shoots, when's the last time you saw any economic survey that Detroit near the top of the positivity heap?
