In yet another sign of improving fortunes for the housing market and broader economy, fewer Twin Citians are falling behind on their mortgage payment. CoreLogic said this morning that during March, only 1.96 percent of mortgage loans were 90 days or more delinquent compared to 2.49 percent for the same period last year.
Mortgage delinquencies in the Twin Cities declining rapidly
CoreLogic says that during March, only 1.96 percent of mortgage loans were 90 days or more delinquent compared to 2.49 percent for the same period last year
May 27, 2015 at 3:27PM
The foreclosure rate is on the decline, as well, falling to 0.48 percent during March compared with 0.55 percent last year. Nationwide, the foreclosure was down, as well, slipping to 1.39 percent.
A pair of Twin Cities developers will seek final city approval this month to build 15 upscale condos in the Linden Hills neighborhood of Minneapolis, making it what could be the biggest condo project in the city to break ground in at least five years.
