Minnesota Foreclosure Listings

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Minnesota Foreclosures For Sale

Minnesota is located in the north-central region of North America and it's the 12th largest state in America, consisting of a landmass that totals nearly 87,000 square miles. The region is split up into several sectors, ranging from large, widespread fields to flourishing metropolitan areas. The northwest area is home to the Mississippi River, which recedes starting from Minnesota, before stretching across various states such as Wisconsin, Iowa and Illinois. Other notable landmarks around the state include the F. Scott Fitzgerald house, Lutheran Christ Church, the Hull-Rust-Mahoning Open Pit Iron Mine and the St. Croix Boom Site, just to name a few.

The state's major cities include Minneapolis, which is its largest city, along with the capital of Saint Paul, Eden Prairie, Osseo, Rochester and Burnsville. The surrounding major counties situated in Minnesota are Hennepin County, Olmsted County, Stearns County, Anoka County and Carver County.

Minnesota's burgeoning economy thrives on the production of livestock, with its hefty contribution to the state, resulting in half of the agriculture industry's income. Other important products include dairy, cattle and hog, along with eggs and turkeys. Minnesota's production of crops is largely concentrated on corn and soybeans, in which the state is highly known for, along with potatoes and peas. The commercial fishing industry generates its profits through the regular exportation of carp, catfish and buffalo fish. Much of this activity occurs in the Mississippi River, where much of this seafood can be found. The manufacturing industry's most profitable sector is in the production of computer equipment, along with the packaging of food products, such as vegetables, frozen goods and dairy products. Other areas include the production of stationary goods such as paper and tape, along with the production of equipment for transportation vehicles.

The housing market in Minnesota displays promising figures, proving to be a strong market for low-priced Minnesota foreclosure homes. In Minneapolis, average listing prices are currently sitting at $149,900, which is a decrease of over 23 percent as compared to this time last year. Minnesota home foreclosures also contribute to over 22 percent of overall household sales, a trend that has spread across the majority of the state's major cities.