Case Shiller Index: Minneapolis / St Paul vs. Composite 20 – Jan 31st 2012



The S&P released the November 2011 Case Shiller Index.  Minneapolis St Paul vs the Composite 20.

New York, January 31, 2012 – Data through November 2011, released today by S&P Indices for its
S&P/Case-Shiller 1 Home Price Indices, the leading measure of U.S. home prices, showed declines of 1.3`%
for both the 10- and 20-City Composites in November over October. For a second consecutive month, 19 of
the 20 cities covered by the indices also saw home prices decrease. The 10- and 20-City Composites posted
annual returns of -3.6% and -3.7% versus November 2010, respectively. These are worse than the -3.2%
and -3.4% respective rates reported for October. In addition to both Composites, 13 of the 20 MSAs saw
their annual returns decrease compared to October’s data.

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Minneapolis / St Paul, MN  dipped about 1%, ( .74 on the index)  from October 2011 to November 2012, slightly better than the Composite 20.    Is this indication that prices are beginning to stabilize?  This report is obviously after the fact reporting, so we should begin to see some better news in the coming months from the Minneapolis/St Paul Case Shiller Index.

 

 

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Realtor. Twin Cities Area specializing in New Construction, Development and Investment Properties.