Foreclosure Research
To learn more about HousingLink foreclosure research please contact Dan Hylton, HousingLink's Research Manager, at 612-522-2500 (ext. 222).
If you are a renter dealing with foreclosure, please click here.
If you are a homeowner dealing with foreclosure, contact the Home Ownership Center.
JUST RELEASED: Q3 2011 Foreclosure Update
Released: November 2011
There were 4,935 foreclosures in Minnesota in Q3 of 2011, down 32% from Q3 2010. Q3 2011 marks four consecutive quarters with fewer than 6,000 statewide foreclosures. While this follows four quarters in which the statewide count exceeded that number, the Q3 2011 figure of 4,935 still far exceeds the 1,618 foreclosures averaged in 2005, the first year sheriff sale records were totaled for the state of Minnesota.
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NEW: 2011 Semi-Annual Foreclosures in Minnesota
Released: August 2011
There were 11,257 foreclosures in Minnesota in the first two quarters of 2011. While residences are still being lost through foreclosure at rates far exceeding those of historic levels, the overall number of statewide foreclosures declined by 14 percent from the same period last year. A larger decline was seen in Greater Minnesota (down 19 percent) as compared to the Twin Cities seven-county metro (down 11 percent). This is in spite of an eight percent uptick from the first quarter to the second quarter of 2011.
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NEW: Foreclosure Recovery Progress Report Through Q2 2011
Released: August 2011
Thanks to support from Twin Cities Local Support Initiatives Corporation
(Twin Cities LISC), HousingLink is engaged in tracking foreclosure
recovery efforts of the Minnesota Foreclosure Partners Council (MFPC)
over a period of five years, via a series of semi-annual reports. The
MFPC is a collaborative effort by local government agencies and
nonprofits to address the foreclosure crisis in Minnesota. In the Fall
of 2010, HousingLink's quantitative measurement of three goals was
adopted into the MFPC's Coordinated Plan to Address Foreclosures.
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NEW: Geographic Distribution of MN Foreclosures 2007-2011
Released: July 2011
HousingLink has been tracking Minnesota foreclosures at the county level since 2005 with nearly comprehensive statewide coverage since 2007. Over that time, we’ve seen the foreclosure crisis move from one largely based on mortgage products to one that is based on the economy (e.g. unemployment or under-employment). How might that transition affect Greater MN, relative to the Twin Cities 7-county metro area? We explored that issue by dividing all MN counties into quartiles, according to their rate of foreclosure, then comparing how that distribution shifts, over time. The resulting maps seem to indicate that that the crisis, which hit our urban communities particularly hard early on, has spread to other areas throughout the state. HousingLink is able to continue its efforts in tracking this critical measurement due to funding by the Minnesota Foreclosure Partners Council and cooperation by county sheriff departments.
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Q1 2011 Foreclosure Update
Released: May 2011
There were 5,364 foreclosures in Minnesota In Q1 of 2011, down 21% from Q1 2010. While still at historic highs, the number of statewide foreclosures remained steady, up a mere one percent from the previous quarter, following a sharp spike in Q3 of 2010. The year-over-year decline, while significant throughout the state, was somewhat more pronounced in greater Minnesota (down 24 percent) than in the seven-county metro (down 19 percent). To get at the these numbers, HousingLink collects and analyzes sheriff’s sales data, the primary means of identifying foreclosures, from all Minnesota counties.
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2010 Annual Foreclosures in Minnesota
Released: February 2011
Minnesota experienced 25,673 foreclosures in 2010, an increase of 11 percent from 2009 and mirroring the 2008 high of 26,251. In six of the seven preceding quarters, foreclosure numbers increased from the quarter before. In fourth quarter 2010, however, foreclosures declined 27 percent from the third quarter. HousingLink was commissioned to complete this report by The Minnesota Home Ownership Center, Greater Minnesota Housing Fund, Minnesota Housing, and Family Housing Fund.
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Q3 2010 Foreclosure Update
Released: November 2010
In Q3 of 2010, foreclosures in Minnesota reached the second highest level during the current foreclosure crisis, with 7,254 foreclosures. This total was only exceeded in Q2 of 2008, when there were 7,349 foreclosures. The Q3 2010 number was up 23 percent over the same period last year, and over 15 percent since the previous quarter. A large part of the change from Q2 - Q3 was driven by foreclosures in the seven county metro, which were up 21 percent. To get at the these numbers, HousingLink collects and analyzes sheriff’s
sales data, the primary means of identifying foreclosures, from all Minnesota counties.
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2010 Semi-Annual Foreclosures in Minnesota
Released: August 2010
As of the end of the Second Quarter of 2010 (June), there were 13,093 foreclosures in Minnesota, compared to 11,089 during the same period last year. HousingLink was commissioned to complete this report by The Minnesota Home Ownership Center, Greater Minnesota Housing Fund, Minnesota Housing, and Family Housing Fund. View Report
Foreclosure Recovery Progress Report Through Q2 2010
Released: September 2010
Thanks to support from Twin Cities Local Support Initiatives Corporation (Twin Cities LISC), HousingLink is engaged in tracking foreclosure recovery efforts of the Minnesota Foreclosure Partners Council (MFPC) over a period of five years, via a series of semi-annual reports. The MFPC is a collaborative effort by local government agencies and nonprofits to address the foreclosure crisis in Minnesota.
View Report
2009 Annual Foreclosures in Minnesota
Released: February 2010
In 2009, there were 23,019 foreclosures in Minnesota compared to 26,251 in 2008, representing a statewide decrease of 12 percent. This report features yearly counts and rates by county for foreclosures in Minnesota back to 2005. HousingLink was commissioned to complete this report by The Minnesota Home Ownership Center, Greater Minnesota Housing Fund, Minnesota Housing, and Family Housing Fund.
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The Inventory and the Minnesota 3D Project.
M3D is a dynamic mapping and reporting Internet tool that brings together economic and community development data for the Twin Cities seven-county metro area. HousingLink is a data partner on the project.
Foreclosure Report Archive
For questions about previous releases of Minnesota Foreclosure Reports, contact Dan Hylton, Research Manager, at (612) 522-2500 (ext 222).