Minnesota Real Estate Investors Association, Inc.

Menu

According to the Minneapolis Association of Realtors

“Foreclosures and short sales are showing early signs of slowing. During the fourth quarter of 2008, there were 4.3 percent fewer new lender-mediated listings than in the third quarter. That's the first quarter-to-quarter decrease since 2003.”

The association has released a new interactive data tool that allows you to sort neighborhoods and cities within the Minneapolis/Saint Paul region. You can find it here: www.mplsrealtor.com/downloads/market/Lender-Mediated/Main.htm

Foreclosurea and Short Sales in the Twin Cities Housing Market

While the signs look like positive, don’t think we are out of the water just yet, many analyst are still saying that the next wave of foreclosures is coming between 2009-2011 with all the Conventional Option ARM loans that are set to start adjusting in right now.

If you are in the Short Sale Business, then you will be busy for a very long time and buyers will be getting some very good deals over the next few years. I was just thinking that when this next wave of foreclosures hits, the lenders will be more prepared to negotiate and accept short sales then they were when the first way of Subprime loans start to default because market values have already dropped considerably. Whereas when the Subprime mortgages started to go into default, the markets were just starting to slow down.

If you are prepared to work Short Sales, then I think you will do very well over the next couple of years and I do believe this market will be the one most investors will be focusing on. If you are in the short sale business, then one resource you will want to know about is HSA. HSA (Home Seller Assist) is an organization that provides funding and proof of funds for Short Sales. For more information about HSA, go to my website at: www.BestCashInfo.com



Related Posts


Category: Foreclosure ( 34)
It is now our time to shine!
We have had a very interesting year featuring a myriad of different twists and turns

Category: General ( 77)
Who will bail out the banks?
Do you remember the original 3 page bailout bill that President George Bush proposed, but was voted down? The finally bailout bill that was passed one week later was 450 pages long and they must have excluded the 3 original pages

Category: Market Updates ( 31)
Housing prices and mortgages rates make real estate affordable.
As prices drop, foreclosures go up and interest rates fall, there has never been a better time to buy.

Category: Real Estate ( 90)
Largest House Price Decline since the Great Depression
According to the National Association of Realtors® , housing sales have dropped 8.6% in November nationally

Tags


Trevor Mclilly4/13/2010

Gondek@gmail.comI just couldnt leave your internet site before saying that I really loved the standard of info you present to your visitors.

Registry Cleaner7/15/2009

email002545@hotmail.comI am doing something of the same interest and will be taking note on this .Thank

Christian7/12/2009

email002545@hotmail.comThanks for this great post - I will be sure to check out your blog more often



Name:
Email:
Website: