Study: Twin Cities home prices falling faster than the national average

Full story: TwinCities.com

A leading index today reported November data that showed a Twin Cities housing price decline from a year earlier and a similar trend nationwide.
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1 - 15 of 15 Comments Last updated Jan 25, 2011

Since: Oct 10

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#1
Jan 25, 2011
 

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Careful of the assumptions you draw from winter time real estate prices in the northland. Wintertime listings are often marked by a heightened level of desperation, and the desperate are much more willing to take a reduction on asking price just so they can walk away and be done with it. Wait until spring gets here, and I bet these numbers correct themselves as compared to the national average.
Wolverines

United States

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#2
Jan 25, 2011
 

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Those numbers are from november

“Things can only get better”

Since: May 08

Minneapolis

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#3
Jan 25, 2011
 

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Anyone who has been involved with real estate for more than ten years knows that Minnesota home prices and sales levels are not only cyclical but are also seasonal. People with children want to make their purchase soon enough to be settled before school starts and the vast majority of the rest of us don't want to be moving in the snow and cold. I anticipate that as the weather begins to warm we will see an increase in propsective buyers if the lending institutions are doing their job and freeing up funds for home loans.

Since: Aug 09

Saint Paul, MN

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#4
Jan 25, 2011
 

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Thanks to all you folks who bought too much home and didn't plan for a rainy day.
Really

Chicago, IL

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#5
Jan 25, 2011
 

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Thanks to everyone for electing Mark Dayton.

Everyone realizes he is part of the budget problem and not part of the budget solution so everyone is reluctant to commit to any long term purchases.

The housing market is like Mark...suffering from depression.
Honest

Saint Paul, MN

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#6
Jan 25, 2011
 

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Our homes are worth far less and our property taxes have again been raised.

Raised along with food, energy, transportation, but not our wages or Social Security.

Counties and cities please wake up.
Mike

Winona, MN

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#7
Jan 25, 2011
 

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I remember in the 80,s when I almost bought a condo that was nothing more than a glorified apartment and priced in the high 90's. I passed and thanked my lucky stars when the recession hit and the housing bubble of that day popped. The condo project went belly up and lots of good folks were left with overpriced product that they could not sell. Jump forward now and I see that not much has changed. Too much speculation overheating the housing supply and leading to an inevitable crash in value. While I agree that the figures presented in this article are meaningless, I expect to see another such round of housing speculation, overvaluation and collapse.

“"Molon Labe"”

Since: Oct 09

North Afghanistan

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#8
Jan 25, 2011
 

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Home prices falling faster than Bubba Clintons zipper....
The Rapture

Lakeville, MN

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#9
Jan 25, 2011
 

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Really wrote:
Thanks to everyone for electing Mark Dayton.
Everyone realizes he is part of the budget problem and not part of the budget solution so everyone is reluctant to commit to any long term purchases.
The housing market is like Mark...suffering from depression.
Great to see that you are changing this from the actual subject (falling home values) and can bring up something that has no relevancy at all to the matter. There are a lot of uncertain things in this world, but you can always be certain that some douchebag will always change the subject to Dayton, Obama, or something else. Is it a wonder that the Pioneers subscription numbers are declining?
The Rapture

Lakeville, MN

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#10
Jan 25, 2011
 

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Really wrote:
Thanks to everyone for electing Mark Dayton.
Everyone realizes he is part of the budget problem and not part of the budget solution so everyone is reluctant to commit to any long term purchases.
The housing market is like Mark...suffering from depression.
Also, you are from Chicago, the most democratic lead pile of fraud and deception to ever be called a city. I would rather be live in this state than that sh*thole you call The Windy City.
IronRanger

Lakeville, MN

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#12
Jan 25, 2011
 

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Let's stay on subject. The housing prices everywhere are dropping. Some states (Florida, Nebraska, Nevada, California, and Arizona) were hit faster than states like Minnesota, Iowa, etc. that have a more diverse and rounded economy. While Minnesota property/home values are dropping at a faster rate NOW, you will find that the overall percentage in comparison to those other states are still considerably lower than here.
gone again

Eden Prairie, MN

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#13
Jan 25, 2011
 
Duh. The value of my house went down $300,000 and the taxes went up by more than 15 percent.
gone again

Eden Prairie, MN

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#14
Jan 25, 2011
 
Incredible70 wrote:
Thanks to all you folks who bought too much home and didn't plan for a rainy day.
Can't wait until your perfect little world collapses into a big fat pile, live about 40 more years then you can comment. Whoops, I just saw your bubble fly by.
IronRanger

Lakeville, MN

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#15
Jan 25, 2011
 
Really wrote:
Thanks to everyone for electing Mark Dayton.
Everyone realizes he is part of the budget problem and not part of the budget solution so everyone is reluctant to commit to any long term purchases.
The housing market is like Mark...suffering from depression.
First, let's all remember that the housing market began to fall under a Republican President and a Republican Governor...but they really are not to blame and if they were, they have earned more finger pointing than Dayton.

Is it funny to make fun of mental illness? Is depression something that gives you great humor? Do you enjoy knowing that someone has a illness, that if left untreated, can lead to worse conditions including suicide? Try to be a man and act like an adult, not some spoiled Illini.
The Rapture

Lakeville, MN

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#16
Jan 25, 2011
 

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gone again wrote:
Duh. The value of my house went down $300,000 and the taxes went up by more than 15 percent.
Oh BOO HOO. I feel so sorry that your home went down more in value than most people would smartly buy. You are just as stupid as those people who couldn't afford a home in the first place. Instead of thinking "what do I need" you went ahead under the thoughts process "what do I want that will impress everyone".

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