Minneapolis Real Estate Foreclosures are Tapering Off
July 31st, 2008 Categories: Minneapolis Home Buyers and Sellers, North Minneapolis, Real Estate News, Twin Cities Real Estate Economy
Good News - Bad News in the Real Estate Foreclosure Market
While the number of foreclosures is dwindling in North Minneapolis, they are rising in Hennepin County. It’s all a matter of time before these numbers shrink, as well. President Bush just today signed a bill to aid financially strapped homeowners and banks.
This situation has been a huge eye-opener for all of us in the real estate profession, as well as, those of you who have been considering buying a home. The rules have changed and we will now deny people who cannot afford to buy homes the chance to ruin our economy and mooch off us taxpayers.
Tough talk, tough times
I’m in the real estate business for the long haul, so I consider this a short term problem that will not affect my resiliency. I will continue to have a positive attitude about the future of our country and it’s economic growth.
I hope you will, too!
