In yet another sign of improving fortunes for the housing market and broader economy, fewer Twin Citians are falling behind on their mortgage payment. CoreLogic said this morning that during March, only 1.96 percent of mortgage loans were 90 days or more delinquent compared to 2.49 percent for the same period last year.
The foreclosure rate is on the decline, as well, falling to 0.48 percent during March compared with 0.55 percent last year. Nationwide, the foreclosure was down, as well, slipping to 1.39 percent.
This map shows foreclosure rates by zip code. Note that the highest rates are still in the most exurban counties.
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 Kristen Leigh Painter.
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