Browsing Tag

Twin Cities unemployment

Industry News, Investment Real Estate, Real Estate Trends, Residential Real Estate

Foreclosures – Round II

You’re probably seeing headlines communicating the thousands of foreclosures initially delayed are now making their way through judicial proceedings. Recently, RealtyTrac CEO Brandon Moore noted that 21 states (including Minnesota) saw foreclosure filings rise from a year earlier stating “February’s numbers point to a gradually rising foreclosure tide as some of the barriers that have been holding back foreclosures are removed, that should result in more states posting annual increases in the coming months.”

However, this second ‘flood’ of foreclosed residential properties entering the real estate marketplace will likely not have the same detrimental effects on the housing market and economy as witnessed in prior years.  Here are some reasons not to freak.

Continue Reading