Minnesota annual foreclosures drop nearly one-third
Minnesota foreclosures fell 32% in the third quarter, a significant decline from 7,254 a year ago according to a report Tuesday from HousingLink. There were 4,935 foreclosures statewide in the third quarter, making it four straight quarters Minnesota of totals less than 6,000. Foreclosures in the Twin Cities metro area plunged 35.6% from a year ago, a greater drop than the 25.6% decline in the rest of the state. Still, Hennepin and Ramsey counties, which contain Minneapolis and St. Paul, had the most foreclosures in the state at 1,149 and 467 respectively. A CoreLogic (CLGX) report last week said Minnesota home prices fell 8.3% in September from a year ago, the fourth largest decline in the country. Write to Andrew Scoggin. Follow him on Twitter @ascoggin.