Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

Foreclosure sales down from last year, but problems persist

Posted by: Jim Buchta under Foreclosures Updated: August 14, 2012 - 4:57 PM

 Despite slight improvements in the state's economy, an alarming number of Minnesotans are still having trouble paying their mortgages. During the first six months of the year there were nearly 10,000 foreclosure sales in the state, according to the Minnesota Homeownership Center based on research by HousingLink. That's down 15 percent from last year, but the rate has remained unchanged during the past three quarters. 

Julie Gugin, the MNHOC's executive director, said that while the year-over-year decline is positive, the quarter-to-quarter trends are "discouraging." Click here to see the full mid-year report.

 

 

  

  • 0
  • Comments

Be the first to comment

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT