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.

Mortgage foreclosures & delinquencies in the Twin Cities continue to decline

Posted by: Jim Buchta under Foreclosures Updated: January 22, 2014 - 11:15 AM

The foreclosure rate in the Twin Cities metro during November fell to 0.76 percent of all outstanding mortgage loans from 1.33 percent last year, according to CoreLogic. Nationwide, the foreclosure rate fell to 2.18 percent.

In addition, with the unemployment rate below the national average and home prices rising, fewer Twin Citians are having trouble paying their mortgage. The number of homeowners who are 90 days or more behind on their mortgage payment slipped to just 2.74 percent of mortgages compared with 4.02 percent last year - about half the national average.

ADVERTISEMENT

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

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT