Thursday, February 18, 2010

Report: 23,000 Foreclosures in 2009

The Center is pleased to announce the release of its 2009 "Foreclosures in Minnesota" Report, prepared in partnership with HousingLink.

There were 23,019 foreclosures in Minnesota in 2009, making it the second highest year on record.

While the number declined 12% from 2008, it is still an extraordinarily higher rate than the number of foreclosures experienced prior to the current housing crisis. The report shows that 1.28% of all residential parcels in Minnesota experienced a foreclosure in 2009.

This means that almost 5% of all residential properties in Minnesota have experienced a foreclosure in the last five years.

To view the press release of this report, click here.

To view the report, click here.

Press sightings:

To read the Pioneer Press story on the report, click here.

To read the Star Tribune story on the report, click here.


To read the MPR story, click here.

Update II:

To read the Star News (Elk River, Otsego, Rogers, Zimmerman) story, Click here.

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