Would you believe there is a shortage of foreclosed homes in some areas of the Metro? That is exactly what real estate agents are saying about some pockets of St. Paul and Minneapolis.
"Certain communities that have always been strong are strong now and if they have foreclosures they're selling quickly," said Edina Realty General Sales Manager Barb Jandric.
Others say there are more buyers now than there are foreclosed homes.
"We're actually approaching a point where the foreclosure market is considered a sellers market because of the inventory of the supply and demand ratio," said realtor Graham Smith.
The buying trend has not totally spread to the northern and southern suburbs yet, but realtors believe it will start happening later this year.
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