While much of America was out shopping and returning gifts the day after Christmas, Standard and Poors decided to release the highly watched S&P/Case-Schiller home price index which clearly shows declining housing prices across the country. For the Twin Cities, they state that while we’re off 5.5% which is not nearly as bad as we’ve seen in other markets across the country.
Click here for the 3-page pdf press release. It contains statistics for the 20 cities covered in the S&P/Case-Schiller index.