Home price rise reflects recovery

  • Article by: ADAM BELZ , Star Tribune
  • Updated: December 26, 2012 - 11:13 PM

Twin Cities prices were up 9.2% in October compared with a year ago, the Case-Shiller report said, ahead of most other large U.S. cities.

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bgmach3Dec. 27, 12 6:26 AM

YAH you betcha. So does that mean every for sale sign in yards with the "NEW PRICE" tag underneath mean a higher price? This market is doomed until the mid 2020's. And by that time the only shortage of homes will be due to the neighborhoods bulldozed down because no one wants to buy the old homes that god forgive me don't have granite countertops and an extra 1500 square feet that will never be used.

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clnorthDec. 27, 12 7:55 AM

Recovery? Hardly. We have reached the bottom and are years away from recovery.

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wildcountryDec. 27, 12 8:22 AM

Recovery? Hardly. Who are you going to believe, me or the lying data that keeps piling up, trending upwards.

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barrelstoveDec. 27, 12 8:30 AM

Both are correct !! There is no recovery in the near years. Have you ever counted to 16 trillion?? I'm in real estate and there is a collapse before recovery, and we are speeding that way folks............

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doconnellDec. 27, 12 8:40 AM

These articles are always the same. They are written by people who just keep repeating the same line. This isn't a housing recovery anymore than it was from 1999 through 2005. It was a bubble then and it is a bubble now. The Fed is keeping interest rates so low so we can create this housing bubble again as well as pay our interest on the national debt. God forbid, interest rates go back to 10% (they will). How many people want to buy a house then?

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sek2undrstndDec. 27, 12 1:17 PM

This is absurd. The houses pushing this "recovery" are those over $350,000 located in areas like Lake Minnetonka and North Oaks. It would be great if the author of the article could shed more light on the "recovery" of particular areas of the housing market; rural, ex-urban, suburban, and city. Houses below $150,000, $150,000 to $250,000, $250,000 to $350,000, $350,000 to $500,000, $500,000 to $1 million and above $1 million.

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theagonybhoDec. 27, 12 3:02 PM

I would call it house prices rise slightly despite no recovery, not refecting a recovery.

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member11Dec. 27, 12 3:08 PM

Hopefully the 1%ers wishes will soon be granted and our nation will plunge into complete anarchy. Then they will finally realize that all the fortresses, guns, moats and electric fences in the world cannot save them from our commonly shared fate of complete ruination thanks to their utter lack of foresight and blinding greed.

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