The foreclosure crisis reaches a silent end | 2013-09-13 | HousingWire

Here's an article stating what I have been seeing for the past 6 months or so.  While I don't know that the Foreclosure crisis is over, I have found that the sellers that I have been dealing with aren't upside down in their mortgages.  Even as late as 2012, I was having discussions with potential sellers on what their options were if they were upside down in their mortgage;  Come to Closing with $$$, Shortsale, or Foreclose.  I am delighted to report that I am not having those conversations in 2013.  Let's hope the trend continues.

The foreclosure crisis reaches a silent end | 2013-09-13 | HousingWire

Here's the latest from Mpls Area Association of Realtors.  They predict that the market will remain stable.  I concur, barring no major negative economic news.  Inventory levels look good & my listings are Selling, Selling, Selling.  If you are remotely thinking about selling, now may be the time.  Give me a call & I will do a market for your home to see where things are at in your neighborhood.

Most economists expect the housing recovery to continue, even with rising mortgage rates.  New household formations & tight supply should keep bolstering markets & shield homeowners from downside price risk.  Price gains should inspire sellers to add new inventory to the market.  Although inventory & other metrics will begin to taper from seasonal highs, they are likely to remain above last year's levels.


In the Twin Cities region, for the week ending August 24:

• New Listings increased 15.7% to 1,485

• Pending Sales increased 17.8% to 1,144

• Inventory decreased 9.2% to 16,180