Minnesota foreclosures down 21% from 2010

Friday, May 6, 2011

Is the housing bust turning around? Foreclosures in Minnesota fell 21 percent during the first quarter from a year earlier, according to a HousingLink report released Friday.

George Karvel, a University of St. Thomas professor, offered a more tempered reaction but believes the first-quarter dip in foreclosures is a good sign.

"If they continue to stay at this lower level, I think you can say it's the beginning of the end of the housing debacle," Karvel said.

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Originally published: 05/06/2011, Pioneer Press