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82 STATE OF AFFAIRS: MIDWEST/SOUTH » IN THE NEWS Cold Weather Still Affecting Some Markets A release issued by the Minneapolis Area Association of Realtors (MAAR) gave an in-depth look at how the nationwide cold weather this past January and February af- fected local cold-weather markets. Freezing weather hurt new listings, which declined 5 percent. Despite the drop in list- ings, MAAR is more bullish for the spring and summer months, expecting overall seller activity to increase. e release notes that new listings in the higher-priced segments of inventory have risen 9.1 percent, continuing a 22-month trend. Foreclosure and short sale new listings also reflected a national decline, falling 34.5 and 54.6 percent, respectively. e cold weather in the area negatively af- fected closed sales: "On the demand side, closed sales were down 14 percent to 2,465 properties overall, which speaks to the low number of weather-impeded purchase agreements entered into during January," the release said. e group cites that lower inventory, down 9.6 percent from February, also im- peded sales. "It was an interesting month," said Emily Green, president of MAAR. "While the market shifts back toward where it was before the bubble, we expect to see foreclosures and short sales become less prevalent, which can dilute overall numbers." "en you have the weather," Green added. Interest rates remain affordable with a favor- able supply of inventory at 2.8 months, giving hope for a rebound from a frosty few months. "e fundamentals haven't changed." said Mike Hoffman, MAAR president-elect. "Our local economy is diverse and growing and so is our population. It's important not to read too much into minor fluctuations like this." North Dakota RANK: 48 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 0.61% 0.66% 0.66% YEAR AGO 0.60% 0.88% 0.88% YEAR-OVER-YEAR CHANGE 1.9% -25.2% -25.2% Top County PEMBINA COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 0.50% 2.02% YEAR AGO 0.50% 1.10% YEAR-OVER-YEAR CHANGE -0.3% 84.5% Top Core-Based Statistical Area JAMESTOWN, ND 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 0.69% 1.00% YEAR AGO 0.65% 1.23% YEAR-OVER-YEAR CHANGE 5.2% -19.2% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Ohio RANK: 14 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 2.91% 2.60% 2.60% YEAR AGO 3.15% 3.72% 3.72% YEAR-OVER-YEAR CHANGE -7.4% -30.2% -30.2% Top County ASHTABULA COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 4.08% 5.02% YEAR AGO 3.21% 5.92% YEAR-OVER-YEAR CHANGE 27.2% -15.2% Top Core-Based Statistical Area ASHTABULA, OH 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 4.08% 5.02% YEAR AGO 3.21% 5.92% YEAR-OVER-YEAR CHANGE 27.2% -15.2% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Missouri RANK: 39 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 2.50% 0.94% 0.94% YEAR AGO 2.67% 1.30% 1.30% YEAR-OVER-YEAR CHANGE -6.2% -27.3% -27.3% Top County IRON COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 1.78% 2.60% YEAR AGO 2.55% 1.83% YEAR-OVER-YEAR CHANGE -30.4% 42.2% Top Core-Based Statistical Area POPLAR BLUFF, MO 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 1.67% 2.48% YEAR AGO 2.09% 2.24% YEAR-OVER-YEAR CHANGE -19.8% 10.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Nebraska RANK: 45 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 1.74% 0.75% 0.75% YEAR AGO 1.73% 1.06% 1.06% YEAR-OVER-YEAR CHANGE 0.7% -29.2% -29.2% Top County BUTLER COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 1.99% 1.76% YEAR AGO 2.10% 0.58% YEAR-OVER-YEAR CHANGE -5.3% 203.3% Top Core-Based Statistical Area SCOTTSBLUFF, NE 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 1.81% 1.75% YEAR AGO 1.78% 1.30% YEAR-OVER-YEAR CHANGE 1.5% 34.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Total mortgage modification actions in the fourth quarter of 2013 Source: Office of the Comptroller of the Currency STAT INSIGHT 1,093