For the full original post, go to: http://finance-commerce.com/2013/07/twin-cities-home-price-hits-highest-level-since-2007/#ixzz2ZsjFFD83
Photo Credit: “House/Property/Real Estate For Sale Sign” © 2014 by Mark Moz (CC BY 2.0)
Interest rates for home mortgages have started to climb, but for the moment the higher rates are not slowing the momentum in the housing market. Median sales prices for homes in the Twin Cities reached $210,000 in June, the highest level seen since December 2007. The median sale price marked a 17.5 percent gain from June 2012.
The numbers are the latest encouraging signals of a rebounding market for residential real estate.
