Twin Cities housing market shows signs of improvement

New national and regional real estate numbers continue to point to a recovering housing market. Nationally, housing starts are on the rise. Compared with October 2011, they were up 41.9 percent. It marked the largest increase in more than four years.

Regionally, the Minnesota Association of Realtors reports that October closings were up eight percent over last year at the same time and median sales price is up nearly 10 percent.

Herb Tousley, director of the Shenehon Center for Real Estate at the University of St. Thomas, joins the Daily Circuit to discuss housing in Minnesota and his most recent report on the numbers.

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