Foreclosure in Minnesota and across the nation has far reaching consequences for families, neighborhoods, and our economy. Foreclosures have displaced thousands of families, both home owners and renters, in Minnesota. The result has been a tighter rental market with higher rents and lower vacancy rates. In areas with very high concentrations of foreclosures, entire neighborhoods have been destabilized.
Technical information on these charts can be found here.
Source: MHP tabulation of Greater Minnesota Housing Fund and HousingLink data in “Foreclosures in Greater Minnesota,” October 31, 2007 supplement.