Article by: JIM BUCHTA

The year-over-year increase – 6th-best among big cities – points to a continuing housing recovery.

The housing recovery continues to gain steam, according to a raft of reports released Tuesday.

Most telling, the closely watched S&P/Case-Shiller home price index for the Twin Cities metro area increased 12.1 percent during January — the sixth-highest among the 20 metro areas tracked by the index. Every region the index tracks showed an increase, with the 20-city composite posting an 8.1 percent rise.

“This marks the highest increase since the housing bubble burst,” said David Blitzer, chair of the index committee. “Economic data continues to support the housing recovery.”

Click Here For More

Twin Cities housing recovery gains steam