AUSTIN, Minn. (KTTC) -- Home foreclosures in Minnesota are on the decline. According to real estate agent, Mary Lindgren, the housing market in Austin has made a positive turnaround and there are far fewer foreclosures.
"That's not the norm anymore. That's not typical," said Lindgren. "That's the segment of the healthy market, but more than anything else it's just regular, average people wanting to move up and get into the home market because of the interest rates being so good."
"The stigma attached to foreclosure is gone now, because it happened to your next door neighbor, and it happened to a person that had a job that had some sort of tragic event occur," said Lindgren. "It wasn't any one segment of the population. It touched everybody-now the recovery should be touching everybody, too."
Lindgren said many houses in Austin are going up for sale and selling in record time. According to the Minnesota Association of Realtors, low mortgage rates, affordable prices and rising rents have all bolstered consumer confidence.
All content © Copyright 2000 - 2014 WorldNow and WXOW. All Rights Reserved.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Theresa Wopat at 507-895-9969. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at firstname.lastname@example.org.