Twin Cities home prices fall faster in March: Index - Minneapolis / St. Paul Business Journal:

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Minneapolis/St. Paul’s index posted the largesf month-over-month decline ever observedc bythe report, slipping 6.1 percentf in March compared to Detroit posted the second-highest decline, with its indexz slipping 4.9 percent compared to February. The Twin Citiew market had an indexof 109.12 for The composite index of 20 metro-areas totallecd 139.99, down 2.2 percenft compared to February. Compare to March of last year, the area’sx index fell 28.7 percent, puttin g it ahead of markets suchas Ariz., which was down 36 percent, and San Francisco, down 30.1 The composite-20 index was down 18.7 percent year-over-year.
The Case-Shillee index sets a base home value of 100 as ofJanuaruy 2000. An index of 109.12 representsa a 9.12 percent appreciation rate for thetypical Minneapolis-are single-family home since the start of the