Feb 21
Judging by the news headlines, you’d think the sky had fallen and swallowed up every last homeowner who had ever seen a mortgage broker in the past 5 years. The newspapers, tv and radio folks are eager to share the bad news with you…to convince you that life as we knew is over and that we need a Henry Fonda-esqe foil to feel the Wrath.
According to a RealtyTrac report released on February 13th, the bad news is that Minneapolis forclosure rates have skyrocketed. Nearly 150% (146.81 to be precise). A 150% increase in foreclosures is nothing to be happy or excited about (unless you plan on snapping them up at auction!), but what does this actually translate in to as a portion of the entire market? Read the rest of this entry »
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