Foreclosure and Short Sales at Lowest Level Since 2007 Minneapolis, Minnesota (September 12, 2013) – Twin Cities home buyers were unflustered by slightly higher interest rates in August as pending sales were up 10.9 percent to 5,244. Along with rising prices, increased sales activity is fueling housing demand, while buyers continue to watch inventory levels [...]
We at Hometown Realty in Hutchinson, MN have seen a dramatic drop in the sale of distressed property in McLeod County. Distressed property means foreclosures and short sales. As you can see by the graphs below, traditional home sales have risen 17.1%. Foreclosed homes have dropped 27.8% and short sales have dropped 16.7%.
Minneapolis, Minnesota (June 10, 2011) – Pending sales for May 2011 in the 13-county Twin Cities metropolitan area were up 13.2 percent over last year's post-tax credit market. The 4,428 signed contracts was the second year-over-year increase in the past 13 months. Sellers introduced 7,021 new properties to the market, a 10.8 percent increase from [...]