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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.

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.