Foreclosure listings fall to a new low in August 2014 in MSP

Real Estate Agent with RE/MAX Results

Real Estate has been getting considerably stronger. That is no real new flash. However what is staggering to report that according to to the Mpls Association of Realtors, if you review new listings in the Twin Cities Metro area for the month of August that are foreclosures (Foreclosure = Lender owned = REO - Real Estate Owned) the marketplace has had a full "paradigm" shift.



Consider this; in August of 2012 ~ 21.2% of all new listings were lender owned, in that same month of 2013 they were 12.5% of all new listings, and now in 2014... REO/Lender Owned/Foreclosures account for only 6.3% of all new listings. 


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Stieg Strand

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