Drop in home prices slows

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: February 1, 2012 - 8:06 AM

Declines in the Twin Cities market were the smallest in several months, the Case-Shiller report said.

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hoopdreams01Jan. 31, 1211:29 PM

What a bunch of spin. The price drop here exceeds the national average and the foreclosure rate here is greater. Still, the conclusion is reached that somehow we are "better off" because the rate of price decline has slowed. Nice try. This article is nothing more than hype for the Twin Cities real estate market and banks. How dumb do you think people are?

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HapsterMNFeb. 1, 12 5:54 AM

Spin maybe, but I would prefer to buy in Mpls/St. Paul than most places in the US (actually only here) based on quality of life, corporate presence, balanced and solid economy and unemplyment, great housing stock, lakes/parks/trails, arts/restaurant community, school system, etc. Comes down to Dream Makers or Dream killers - which one are you hoops dreamer?

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theagonybhoFeb. 1, 12 7:51 AM

HapsterMN, i have lived here for 55 years and hear the quality of life and the other things you stated are so wonderfull all the time. I got some news for you, people are nice, parks are nice, economy is nice, taxes are lower and weather is better in many other places in the country. The bottom line of the article is as stated above more election year spin, housing market is in the tank and economy barely inching by, were moving btw.

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omgurdensFeb. 1, 12 9:23 AM

The point of this story is that price declines slowed dramatically in 2011, showing that our market is recovering quickly. And no, the foreclosure rate in our region is lower, as the article states. Foreclosures are selling very quickly these days, often with multiple offers. 2011 saw steady increases in sales and decreases in inventory. Sales have even been strong through the winter, which is never the case in MN. With inventory so low, and sales increasing, it's only a matter of time before the market stabilizes. Please inform yourself on the market before you comment on it.

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theagonybhoFeb. 1, 12 2:16 PM

omgurdens, in what 10 years.

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