In a story in the Thursday paper I told you that foreclosures in the Twin Cities had fallen to the lowest level since 2006, according to a recent report from the Minnesota Homeownership Center. A new report released Thursday afternoon by RealtyTrac said the same thing is happening across the country. The group said that in January foreclosure starts across the country fell 7 percent from the previous month to a six-year low. While that's good news, foreclosure auctions increased in 26 states - a symptom of broad variations in the way foreclosures are processed, and a sign that the economic recovery isn't happening evenly across the country.
Twin Cities foreclosure rate far lower than the national average
At it has in the Twin Cities, the latest data shows that the national foreclosure rate has fallen in recent months
By buchtjd
February 14, 2013 at 11:43PM
RealtyTrac said that during January one in every 869 U.S. housing units received a foreclosure filing during the month compared with one in every 1,244 housing units in Minnesota. Here's a link to the full report.
- Jim Buchta