Mortgage Delequincies falling (S&P Experian reports)


There is some good news that we will hopefully begin feeling in the real estate market.  The default index is dropping on first and second mortgages despite high unemployment rates, reported by S&P Experian.

S&P Experien Default Index

This is Nationally, so hopefully our market place is tracking similar or better.  Could this be a sign the worst of the foreclosures is behind us?  Or is this too early to judge if this is just a temporary lull?

 

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1 Comment

Filed under real estate, new construction, development, wayzata real estate, foreclosures, economy

One response to “Mortgage Delequincies falling (S&P Experian reports)

  1. Pingback: Minnesota Unemployment Rate up to 7.2% August 19,2011 « craigkamman

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