Doesn’t bold well being at #2 for metro area’s expected to get worse for foreclosures. Sure they are going to be the ‘norm’ for the next few years. But Minneapolis up near the top with Seattle?
From CNN
In second place was Minneapolis, where the filing rate grew by 58.6% to 1 in 90 homes
Overall, Minneapolis comes in at 66 out of 209 of the largest metro areas on RealtyTrac’s list and has a foreclosure filing rate of 1.11%. That’s below the national average of 1.19% and far below Las Vegas of 7.45% which by the way is leading
Takeaway (not mentioned) locally is foreclosures and lender mediated sales have fallen in market share compared to earlier in the year but have jolted a 103% increase since last year. Given the recent uptick over the past few months, buyers have absorbed a good amount of supply.
Get the fresh Foreclosures and Short Sale Twin Cities Housing Market report for Q2. [Adobe Reader needed]
What say you?
