Where are Home Prices Going in 2015? Trulia Says Watch Minneapolis

NEW YORK (MainStreet) -- If you want to know which way home prices are likely to head in 2015, check out what they're doing this year -- especially in Minneapolis, a Trulia (TRLA) study recommends.

"Nationwide home prices in any one year are typically a pretty good guide of what's going to happen next year, and only Minneapolis did better than the national numbers in [predicting the future]," says economist Jed Kolko of Trulia.com, a property-listing site that analyzed some 34 years of data to see which markets best forecast coming market moves.

Trulia looked at what housing prices did nationally and in the 100 largest U.S. metro areas between 1980 and early 2014 to see which markets serve as good bellwethers for where home values are heading. The study found that nationwide price moves in any given year serve as a generally good predictor of where average home values will go in the next 12 months.

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