Thursday, March 5, 2009
2008 Foreclosure rates in Minnesota
A new report prepared by HousingLink shows that there were 26,265 foreclosures in Minnesota in 2008 - an increase of nearly 6,000 foreclosures from 2007.
The majority of counties in Greater Minnesota experienced more foreclosures than originally projected, while several metro-area counties had lower than expected numbers of foreclosures.
What were the "Top 5" counties with the highest foreclosure NUMBERS in Minnesota?
1 ..... Hennepin ..... 7,348 (32% increase over 2007)
2 ..... Ramsey ..... 3,027 (29% increase)
3 ..... Anoka ..... 2,285 (36% increase)
4 ..... Dakota ..... 2,063 (28% increase)
5 ..... Washington ..... 1,257 (43% increase)
What were the "Top 5" counties with the highest foreclosure RATES in Minnesota?
1 ..... Isanti ..... 3.27% of ALL homes
2 ..... Sherburne ..... 2.65%
3 ..... Mille Lacs ..... 2.37%
4 ..... Wright ..... 2.35%
5 ..... Scott ..... 2.17%
Did you know that there were counties in Minnesota that saw 300% and 400% INCREASES in the number of foreclosures in 2008?
Which counties? You'll have to read the report: http://tinyurl.com/85nxvv
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