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 ...
For a year or so there have been stories of more foreclosures coming. While I don't doubt the warning and we're starting to see a tick up in sheriff sales, I do think that given the speed that the banks are going that it will be 2011 before we see much of this expected surge of ...
Twin Cities February closed sales showed that bank owned foreclosures were 35% of the month's closed units and short sales represented another 13% - making Lender-Mediated homes sales almost 50% of all residential home sales in the Minneapolis/St. Paul region.On a bank-owned home the Seller is of course the bank and therefore the Listing Agent represents ...
Last week was a notable week for those data buffs among us - HousingLink released their 2009 Foreclosure Report and the Mortgage Bankers Association released their quarterly delinquency survey.As Chris Snowbeck from the Pioneer Press notes in a recent article, the HousingLink data is good news but ...
Bumped into a blog post from the folks at Smart Politics regarding the RealtyTrac foreclosure data released for November 2009. I was stunned by their quote that the foreclosure rate is up 56% in Minnesota in the last year. I heavily track foreclosure activity and haven't seen nor felt that ...