TwinCities.com - October 16, 2008
Sales of homes in foreclosure and other lender-mediated transactions continue to account for a bigger share of the Twin Cities housing market, lowering the market's overall median home price and promising to serve as a drag on the market for months to come.
Those were some of the key findings from a report the Minneapolis Area Association of Realtors issued Thursday, which found that the Twin Cities saw a jump during the third quarter in the share of overall home sales that were lender-mediated transactions.
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