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Twin Cities foreclosure filings down 34 percent in August

  • Blog Post by: Jim Buchta
  • September 12, 2013 - 8:49 AM

The U.S. housing recovery and more aggressive attempts to help struggling homeowners are helping more homeowners in most parts of the country from losing their homes.

RealtyTrac said this morning that foreclosure starts during August were down 8 percent nationwide, falling to the lowest level since 2005. Foreclosure filings, including notices of defaults, were down 34 percent across the U.S. and in the Twin Cities metro compared with last year.

While the situation improved throughout most of the country, several states are stil struggling. Nevada, for example, saw foreclosures increase dramatically both from the previous month and compared with last year.

Check back later this morning for more housing news, I'll have the latest data from the Minneapolis Area Association of Realtors on the local housing market.

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