« Homes for sale show first decline in years | Main | June Housing Supply Outlook »

June 11, 2008

Comments

Bridget

Hooray!! Finally a clearer picture of how much sellers can expect a nearby/recent foreclosure in the neighborhood to effect their own sales price. Thanks for all your hard work!!!

Bridget

Do you have any resources on default rates? I've recently seen some stats from NAMB that showed default rates on newly made loans are trending up. I didn't look all that closely, but wouldn't the history of default rates up to today combined with this affordability picture tell the tale of whether we will burn through these foreclosures any time soon?

John Wingate

Good picture for foreclosures. Buyers and investors can find some great deals out there right now. I've seen some homes that should be priced higher and lower but the homes are selling.

The comments to this entry are closed.

The Skinny



  • Sponsored by Royal Credit Union www.rcu.org

Today in the Market


  • Updated every Monday with the latest activity from the Twin Cities housing market.

  • A quick and easy monthly look at the Twin Cities housing market.

  • A look at the supply of homes for sale and absorption rates in the Twin Cities by price range, property type and construction status.

  • Monthly housing activity updates for more than 350 cities in the Twin Cities metropolitan area.

  • The definitive annual housing market report of sales and price trends, historical data and commentary for the entire Minneapolis–Saint Paul metropolitan area.

  • An interactive market analytics tool from 10K Research and Marketing, a division of the Minneapolis Area Association of REALTORS®. Updated nightly.