The Minnesota Home Ownership Center has been tracking pre-foreclosure notices received by foreclosure counseling agencies throughout Minnesota and just posted some updated charts that show 2010 pre-foreclosure notices are consistently higher than the same time frame in 2009. Through June 2010, notices are up a considerable 20%:
Housing News, Opinion, Statistics and Homes for Sale
Category Archives: Foreclosures and Short Sales
1300 Sellers in Twin Cities Waiting for Lender Short Sale Approvals
Based on my personal analysis of our local MLS database, approximately 1300 Twin Cities sellers and at least as many buyers may be waiting for their offer on a short sale property to be reviewed and accepted/rejected/countered by the seller's lender(s). The number of buyers waiting for answers may be substantially higher than the number ...
Twin Cities: 1 in 6 Homes Purchased With Cash in 1st Half of 2010
Based on data from NorthstarMLS, I was able to put together the following chart that shows how home buyers in the first 1/2 of 2010 were financing their purchases. Fully 1 in every 6 buyers paid in cold hard cash, a huge increase from the 1 in 20 to 1 in 25 ratio more typical ...
40% Of Twin Cities Home Purchasers Used FHA In 1st Half 2010
The trend from 2009 continues: nearly 40% of all home buyers in the Twin Cities during the 1st half of 2010 used FHA Loan to finance their purchase. This is up from just 2% in 2007!Why are so many buyers using ...
How Much ‘Shadow Inventory’ Is There?
The National Association of REALTORS has put together a video discussing the amount and type of 'Shadow Inventory' nationally. The biggest problem with such figures is that they are still based off of sampling & definitions of what is or is not counted in the definition. Regardless of what the actual number is, the video ...
Aaron Dickinson
Edina Realty
1-800-941-0959
Licensed in MN
