More heads above water as 'positive equity' increases for Minnesota homeowners


The number of Minnesota homeowners who owe more than their house is worth is dropping, and it's happening at a rate that outpaces the national average.

The Star Tribune reports that rising property values are creating the state of positive equity. Citing a new report from CoreLogic, the newspaper reports that 12.6 of the homes in the metro area are in negative equity. The national rate is 14.5 percent.

Last month's semi-annual foreclosure report by the Minnesota Home Ownership Center found a 29 percent decrease in foreclosures in Minnesota in the first two quarters of 2013. The number was down nearly 50 percent from the same period three years ago.

On Thursday, the Minneapolis and St. Paul Area Associations of Realtors will release their August sales report, which the Star Tribune predicts will likely show a nearly 20-percent increase in new listings and and upward trend in the number of sales and and prices.

Next Up


Child dies, driver critically injured in crash on I-90 in Faribault County

The crash happened at approximately 11:24 p.m. Tuesday.

coronavirus, COVID-19 test

Here is Minnesota's COVID-19 update for Tuesday, July 27

The newest data from the Minnesota Department of Health.

Cold Spring

Charges: Family terrorized by alleged racist stalker who drove truck into their home

The victims say they had been targeted and stalked for 83 days prior to the incident.

Ricky Eloy Ramirez

Charges: TX man was acting paranoid before he shot man in MN hotel

He's accused of shooting the victim six times, killing him.

Meeker County Sheriff's Office

Suspect flees deputies on scooter, pickup truck before being Tasered

He was eventually tased while in a third vehicle, and arrested.

bonfire burning restrictions fire

7 counties added to Minnesota DNR's campfire burning ban

This comes amid the ongoing drought that's impacting the entire state.

storm damage

Storm damage in northern MN; severe weather threat through Wednesday

Storms could pack a punch again Tuesday and especially Wednesday.

oscar ortiz = moorhead manhunt

Moorhead police searching for 'armed and dangerous' murder suspect

The Moorhead PD is asking property owners to check their surveillance equipment for the suspect.