The Standard & Poor’s/Case-Shiller August Report was released today showing positive gains from July to August 2012. The 10 city composite index showed an annual price gain of 1.3% over the last year while the 20 city composites showed a 2% increase. 18 of the 20 cities studied showed price increases indicating a turnaround in real estate.
All the signs are still positive with housing inventory continuing to decline, low interest rates and new housing starts way up.
Click the photo to see how Minneapolis fared in the list of 20 cities studied.
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