Posts Tagged ‘foreclosure’

Foreclosure Deals Dissipating

March 11th, 2013 \\ Foreclosures, Housing Market, Market Statistics \\ Tagged: , , ,

Since the housing market crash, most buyers have become professional bargain hunters, everyone wants a steal, but those foreclosure deals are dissipating!  According to BusinessInsider.com, the discount on the purchase of a foreclosed home is now about 12% which is about the same as the pre-housing market crash discount.  The discount hit its high point [...]

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Foreclosures in Minnesota

November 19th, 2012 \\ Foreclosures, Housing Market, Market Statistics, Short Sales, Twin Cities News \\ Tagged: , , , , ,

Compared to last year, foreclosures in Minnesota fell to levels far below last October.  On the down side, filings were up slightly from September.  According to Realty Trac numbers 1 in 1119 homes in Minnesota were in foreclosure compared to the nationwide average of 1 in 706.  For the Twin Cities this is a 31% [...]

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Upward Housing Trend

November 13th, 2012 \\ Foreclosures, Housing Market, Market Statistics, Short Sales, Twin Cities News \\ Tagged: , , , , ,

According to the 2012 Realtors Conference and Expo, the upward housing trend and market recovery should continue through at least 2014.  Mortgage rates are forecast to rise to around 4% in 2013 and around 4.6% in 2014.  With the rising housing demand and decline in housing inventory prices are also expected to continue to rise [...]

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Preforeclosure Notices

October 29th, 2012 \\ Foreclosures, Market Statistics, Twin Cities News \\ Tagged: , , ,

Preforeclosure notices seem to be on the decline!  The Minnesota Homeownership Center has just released its data for the 3rd quarter of 2012. Between June and September, 10,016 homeowners were notified that they would be facing foreclosure if they did not catch up on their mortgage payments. This is good news as it shows a [...]

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