Report: Lender-Mediated Homes 34.5% of Twin Cities Sales

by Alex Stenback on October 17, 2008

Please amuse yourselves be geeking out on the updated Foreclosures and Short Sales in the Twin Cities Housing Market report (pdf) from the Minneapolis Area Association of Realtors.  Lots of great data and insight, and here’s one graphic that stuck out (click to biggify):

Lender_mediated_sales_mpls

Lender-Mediated of course being the catch-all phrase for short sales, foreclosures, et al.

Also, don’t confuse this:  34.5% of sales are lender mediated.  That does not mean that 34.5% of homes in the Twin Cities are in some stage of foreclosure.

Despite the fact that every media outlet likes to shout the F Word, foreclosures, short sales, and the like remain a very small percentage of overall housing stock – perhaps 1-3%.
PDF: Foreclosures and Short Sales in the TC Market [MAAR]

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