Most Improved U.S. Housing Markets 2010

No. 9: Minneapolis-St. Paul-Bloomington, Minn.-Wis.

Q1 Home price index: 0.5 percent
Q1 Foreclosure rate (YOY change): 1.9 percent (up 26.9 percent)
Q1 90+ day delinquency rate (YOY change): 6.1 percent (up 29.7 percent)
April 2010 unemployment rate: 6.8 percent

The Twin Cities area, which has a low 6.8 percent unemployment rate, is more stable now than it has been in years. Prices in the Minneapolis area started to rise in 2010 after falling for 41 consecutive months, reported the Minneapolis Area Association of Realtors, signaling that prices have already reached bottom. Foreclosure and short sale activity is also slower than many other areas in the country.

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