CNN/Money Magazine have posted a couple excellent articles about house price appreciation over the last 5 years and Greenspan’s comments on why there is not a national housing bubble. Even though Minneapolis/St. Paul has seen a 60%+ price increase in the last 5 years, we are actually about average. Some markets on the west coast, the north east, and Florida have seen over 100% price increases in the last 5 years. Prices may level out or even drop slightly in our area but it looks highly unlikely that we will see a dramatic or prolonged decrease in house prices.
