Tag Archive | "Decline"

Prices lowest since crises began.

The latest Standard & Poors S&P Shiller Home Price Index which came out Tuesday doesn’t bode well for the Cities at all.

In case you don’t know, I am referring to an index which is a composite 20 metropolitan area indices. It is a 3 month moving average of house prices.

Only one of the 20 metro areas showed an increase in prices from a year ago. That means 19 showed prices continuing to fall. And the greatest decline in prices, percentage-wise from those 19 metro areas – was…. yes you guessed it – Minneaplois.

Housing prices fell 10% in March from the same time frame in 2010.

It looks like prices have dipped to the lowest point since this real estate crisis started.

How low can we go? Good question. I wish I knew the answer.

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Real Estate values continue decline in Twin Cities

Home values dropped $22,800 to $166.300 in the Twin Cities metro for the last quarter of 2010 compared to the previous year, according to Zillow.com.
That 12 %t decline is the highest for the area since  Zillow began keeping statistics in 1996.

Zillow reports the value of all homes, instead of sales.

Thus the Minnesota Association of Realtors report only showed a 1.9% decline in sales for Dec., 2010.

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MN auction inventories

What are you looking for?

We can probably point you in the right direction.
MN used trucks and cars