Minnesota foreclosures at lowest level since 2005

The foreclosure rate in Minnesota for 2015 fell 13% to its lowest level since 2005. The stable Minnesota economy and rising home prices have helped to keep mortgage default rates down.   The Twin Cities mortgage delinquency rate remains far lower than national averages.  This decrease in foreclosure rates is another strong sign of a real estate market in recovery. Full Article-Buchta, J. (2016, February 25). Minnesota foreclosures at lowest level since 2005. Minneapolis Star Tribune. Retrieved... Read more »

Twin Cities home sales remained strong in January but pinched by tight supply

The Twin Cities housing market remained strong in January; a limited supply of homes for sale has impacted the market. Some Twin Cities areas have seen home prices reach new heights and average home market time has decreased.  Buyers are coming in to the market place and need to be ready to make an offer when good listings reach the market.  The housing market is strong, but sellers still need to have their home in top condition and careful in pricing (especially at the top end). Full Article-Buchta,... Read more »