abc
QUICK LINKS:

Fewer Minnesotans 'Underwater' on Mortgages

Updated: 03/07/2014 9:48 AM
Created: 03/07/2014 9:45 AM WDIO.com

ST. PAUL, Minn. (AP) - The number of Minnesota home owners who owe more on their mortgages than their house is worth has declined.

The research firm CoreLogic says about 10 percent of mortgaged properties in Minnesota are "underwater," compared to about 16 percent a year earlier. Nationally, the share of homeowners with a mortgage in negative equity was about 13 percent at the end of 2013, down from about 22 percent a year earlier.

The director of real estate programs at the University of St. Thomas, Herb Tousley, tells Minnesota Public Radio News that the improving home equity picture could prompt more Minnesotans to list their homes for sale.

The inventory of homes for sale in the Twin Cities is at 10-year low.

___

Information from: Minnesota Public Radio News

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
 

Front Page

  • State Patrol Investigating Fatal Accident Near Floodwood

    The Minnesota State Patrol says they are investigating a fatal two-vehicle accident on Highway 2 near Floodwood.

  • Up-Close Look at Winter Layup in the Port

    U.S. Flag Fleets transport more than 115 million tons of cargo per year, but all of that weight combined with last year's heavy ice, means a lot of repair damage during this year's winter layup.

  • Beargrease 2015: Crossing the Finish Line

    For first-time mushers and veterans, there's just something about crossing that Beargrease finish line. Erin Altemus, who took fourth place in the marathon, said it's the same for the dogs. "There is a psychological thing about that," she said. "They sort of understand that they're at the end."

  • Anderson Takes Top Spot in Tight Beargrease Finish

    After more than 300 miles on the trail, musher Ryan Anderson and his team clinched first place in the 31st annual John Beargrease Sled Dog Marathon. His team of 11 pulled into the finish line at Billy's Bar in Duluth just before 3 a.m. Wednesday. This is Anderson's second full-distance win. He won the marathon back in 2011 when he beat out musher Nathan Schroeder by just 20 seconds

  • 17-Time Beargrease Finisher 'A Special Musher'

    Four-time Beargrease champion Jamie Nelson finished the marathon for the 17th time on Wednesday. Her handler and longtime friend says her success and longevity is no coincidence. "Jamie's a special musher."

 

Freezing Rain Advisory

MN AREAS AFFECTED: Clay; East Becker; East Otter Tail; East Polk; Grant; Hubbard; Mahnomen; Norman; North Beltrami; North Clearwater; Pennington; Red Lake; South Beltrami; South Clearwater; Wadena; West Becker; West Otter Tail; West Polk
Expires: 1/29/2015 4:00 AM

Freezing Rain Advisory

MN AREAS AFFECTED: Carlton, South St. Louis; Central St. Louis; Crow Wing; Koochiching; North Cass; North Itasca; North St. Louis; Northern Aitkin; Northern Cook, Northern Lake; Pine; South Aitkin; South Cass; South Itasca; Southern Cook, North Shore; Southern Lake, North Shore
Expires: 1/29/2015 6:00 AM

Freezing Rain Advisory

WI AREAS AFFECTED: Ashland; Bayfield; Burnett; Douglas; Iron
Expires: 1/29/2015 6:00 AM

Freezing Rain Advisory

WI AREAS AFFECTED: Price; Sawyer; Washburn
Expires: 1/29/2015 6:00 AM

Advertisement
Advertisement
Advertisement
Advertisement