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John Murphy's Trulia Blog

Real Estate Insight and Analysis for the Minneapolis Area

By John Murphy - 763-443-9821 | Agent in Plymouth, MN

Twin Cities Home Prices to Stabilize by End of 2011 - FiServ Case-Shiller

FiServ released its report on home prices across 375 metro areas in the U.S.  They state that one out of four markets has already stabilized and three out of four will see home prices stabilize by the end of 2011 - including the Minneapolis area.  FiServ expects ALL markets will have stabilized by 2012.

From the FiServ Home Price Forecast news release:

Expected stabilization in specific markets include:

  • Markets where prices have already stabilized include San Diego, Washington, D.C., and San Francisco
  • Markets where prices will stabilize by the end of 2011 include Minneapolis, New York City and Portland, Ore.
  • Markets where prices will not stabilize until 2012 include Miami, Phoenix and Las Vegas.

They do not the ongoing challenge for consumer credit as many potential buyers have gone through a short sale, foreclosure or had other credit challenges.  There are millions of people who no long can participate in traditional real estate.

For more tips and information on Twin Cities real estate, visit John Murphy Reports.

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