Bob CollinsThe hottest real estate market in the country when it comes to the resale value of homes? It’s Minneapolis-St. Paul, according to the monthly Case-Schiller Index, which tracks these things. Here’s the results for August, which were released this morning (seasonally unadjusted).
| City |
Increase/Decrease
|
| Minneapolis |
3.2%
|
| San Francisco |
2.8%
|
| Detroit |
1.9%
|
| Chicago |
1.7%
|
| Phoenix |
1.6%
|
| Los Angeles |
1.6%
|
| San Diego |
1.6%
|
| Washington |
1.4%
|
| Miami |
1.1%
|
| Atlanta |
1.0%
|
| Denver |
1.0%
|
| Boston |
0.9%
|
| New
York |
0.5%
|
| Tampa |
0.4%
|
| Portland |
0.3%
|
| Dallas |
0.2%
|
| Seattle |
0.1%
|
| Las Vegas |
-0.3%
|
| Cleveland |
-0.5%
|
| Charlotte |
-4.0%
|
It’s the fourth consecutive month of home value increases in the Twin Cities — up over 12% over that time. The impressive rebound over the last few months has also pushed the local index into positive territory for the year — up 1.9%. The index, however, shows the home resale value is still 13% lower than a year ago.
And when it comes to green shoots, when’s the last time you saw any economic survey that Detroit near the top of the positivity heap?
