Comments on: Foreclosures and Short Sales Skewing Twin Cities MLS Statistics

By: West Terrace

West Terrace — Tue, 09 Aug 2011 13:29:27 +0000

Well-written article. It’s such a relief that things pretty much turned out fine. It’s great to be able to look back to hard times and realize that we made it through. Now, the great thing about real estate is that there are quite a number of foreclosed properties available. This is a great opportunity to invest in a great, reasonably-priced property.

By: The Cottages on Government Way

The Cottages on Government Way — Fri, 15 Oct 2010 16:57:10 +0000

Thanks for all the input!

I like how you ended on a hopeful note. The market is definitely on a low point, what with foreclosures happening left and right. But keep in mind that there have been far worse scenarios than ours today.

By: Foreclosure Listings Angel

Foreclosure Listings Angel — Thu, 15 Apr 2010 19:51:48 +0000

Great, report, I need to check it out. But isn’t the foreclosures included figure still a relevant number considering all these homes are still on the market? It’s not like some buyers are only looking for non-foreclosures, in which case that figure would be pertinent. but ultimately they are all on the same playing field.

By: Webdigs Blog » Blog Archive » Buyers are NOT the Enemy & The Sky isn’t Falling

Thu, 08 May 2008 15:18:46 +0000

[...] The gist of this 5-page report is that if you were to take all the foreclosure and short-sale properties out of the equation, then plain vanilla sellers like me aren’t facing the 10% price thrashing that is being crowed out there. Instead it’s closer to 4% – a much more stomachable deal. I encourage you to read the whole report available HERE. [...]

By: Aaron Dickinson - Edina Realty

Aaron Dickinson - Edina Realty — Wed, 07 May 2008 18:07:54 +0000

There are still many ARMs to reset but the indexes for those interest rate resets are also down substantially from their highs so the rates will not bounce as high as they would have prior to the FED cuts.

I don’t expect us to get out of this whole mess until at least 2009 but inventory for sale in the Twin Cities is down slightly year-over-year… a first since this market started gaining inventory back in 2002.

By: ryan l

ryan l — Wed, 07 May 2008 17:09:14 +0000

I love your optimism.

I was just looking at the national maps that the FED has put up showing percentages of foreclosures, percentage of arm loans yet to reset etc. Combine those figures with the MNs heavily skewed retail driven business environment(Bestbuy,Target,Supervalu)that are being hammered by inflation and transportation costs and couple it all with the census homeownership rate data for our state that shows far to many owning homes.

Man oh man, I see a bad situation only getting worse.