Impact of Minneapolis Foreclosures

Steve Perry at the MinnPost wrote a very interesting article about who is really getting hurt by the foreclosures in Minneapolis. Mr. Perry interviewed Ryan Allen, an assistant professor of Housing and Community Development at the U regarding the research he has done into Minneapolis Foreclosures. Professor Allen presented his findings last week at the State Demographic center and the Humphrey Institute.

You can read the entire interview here.

1 comment

#1Sel my house quikMarch 2, 2009, 1:10 pm

It’s the story of the relatively recent immigrant who’s in a position to buy a home but is unfamiliar with how lending works or who to talk to. So they turn to someone in their community who has been here longer or has connections. What I’ve heard is that middle person in some cases is leading their contacts astray. But that’s anecdotal, as you said. I haven’t done research on it.

Add your comment

Nickname:

E-mail:

Website:

Comment:

Anti-Spam:

What is the sum of seven + ten ?

Other articlesgo to homepage

	Minneapolis Occupancy Limits(0) For as long as I have owned properties in Minneapolis, I have always been confused by the occupancy limits per unit. The official language of the housing rules and standards for occupancy is: The maximum occupancy for a dwelling unit located in in these zoning districts [R1, R1A, R2, R2B, R3] is one (1) family plus [...]

	Minneapolis Considering More Rental Licensing Inspections(1) The Minneapolis City Council is considering an ordinance change in regards to more inspections on the city’s rental properties. Here is the details of the change: Rental Licensing: Ordinance creating a furnace and boiler safety check and energy audit requirement for certain rental properties and repealing sections 244.680 and 244.685; and adding a requirement for a [...]

	Foreclosure Inventory down 60% Year over Year(3) A Special Research Report from the Minneapolis Area Association of REALTORS® Q3-2009 Lender-owned foreclosure inventory available for sale in the Twin Cities has fallen by 60 percent in the last year, falling from an estimated 4,886 at the end of last September to 1,960 this year. Short sales are a different story—basically holding steady over the [...]

	Checking Property Status in Minneapolis(1) With all the foreclosures on the market, it can be risky at times not knowing whether a property has code compliance on it, has a VBR or even if it is condemned and ready to be demolished. Below are some easy instructions on how to check on a property’s status in the City of Minneapolis. [...]

	U of M to Build Facility in North Minneapolis(2) In Feburary 2008, the University of Minnesota bought the former Plymouth-Penn shopping center at 2100 Plymouth Ave N, in North Minneapolis. The U of M plans to begin construction and rehab on the property soon, turning it into the UROC, the Urban Research and Outreach/Engagement Center; which is currently located on campus at 110 Morrill [...]