Twin Cities home price recovery on firm footing

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: September 26, 2012 - 8:05 AM

A respected index showed a 6 percent gain and signs of strength.

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Wally_99Sep. 25, 1210:46 PM

When average prices go up by another 30-40%, please get back to me. We are far from being out of this Dodd-Frank debacle.

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navynuke86Sep. 26, 12 7:23 AM

Wally, Dodd Frank played into the housing crisis. But, prices should have never been that high in the first place. Easy credit allowed people that couldn't afford to buy access to capital. All these extra buyers drove up prices. Now that credit has been tightened prices will end up closer to where they should be. Don't hold your breath for a 40% gain.

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brainerdguySep. 26, 12 8:06 AM

"Twin Cities home price recovery on firm footing"

And the republicons hate it!

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grumpy42Sep. 26, 12 8:57 AM

brainerddguy-I am a Republican have been all my life, and I am very happy that home prices are improving. I also would be happy if the unemployment rate fell to 4%. Since I am a disabled veteran, retired and still pay FIT I guess I am an anomaly. So please don't disparage us because we do not consider ourselves victims.

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nelsonerinSep. 26, 12 9:34 AM

While the higher prices benefit those who own and want to sell, not everyone benefits. Someone who is looking to trade up would be better off with lower prices, assuming they are not underwater. Also the roughly 1/3 of Minnesotans that are renters will be hurt with the higher prices. Personally, I like lower prices on everything from housing to gasoline.

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citizensodSep. 26, 12 9:54 AM

Tons of the foreclosures are now rentals. Wait until the rental market tanks. These home will show back up on the market. There is a long way to go.

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rickbmnSep. 26, 1210:07 AM

brainerdguy: The only thing I hate is the media continually trying to paint a rosey picture where there is none. With Obama's policies and regulations, we'll never recover what we've lost. Please educate yourself and learn how the housing market ties into the economy... fiscal and monetary policies.

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wildcountrySep. 26, 12 1:22 PM

rickbmn, which specific policies and regulations are you refering to? Note the word 'specific'

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wildcountrySep. 26, 12 1:23 PM

Who are you going to believe, me or your lying eyes? signed, Mitt Romney.

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