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%:
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 ...
I have two buyers in the $125,000 - $150,ooo price range that are struggling to find houses when just a few months ago there was a lot more inventory to choose from. This weekend my clients wanted to see a total of 11 houses - I found out that 4 were already sold subject to ...
The Minnesota Home Ownership Center has just put out another good resource for buyers - this one discusses things to consider before making an offer on a short sale.Short sales can be a good opportunity and can also be a waste of 2-6 months' of waiting too - each situation is different. It's important to understand ...
In the last 12 months I've had a few situations where my client's offer on a foreclosure was rejected in favor of a cash offer. In my office, I know of many others that have experienced the same thing.With the data provided by RMLS that I used yesterday to comment about FHA transactions, I am ...