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Housing's Golden Investment or Fairy Tale?

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84 STATE OF AFFAIRS: MIDWEST ยป Michigan James Criteser, CPDE REMAX PERRETT ASSOC. INC. 317 E Columbia Avenue, Battle Creek, MI 49015 269.441.5575 Direct 269.441.5246 Fax 269.209.7330 Cell www.realestateagentbattlecreek.com Jimmyparts@AOL.com PERRETT ASSOC. INC. Michigan RANK: 38 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MAY 2014 2.00% 0.84% 7.5% YEAR AGO 2.28% 1.34% 8.9% YEAR-OVER-YEAR CHANGE -12.5% -36.8% -1.4% Top County LUCE COUNTY 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 1.71% 2.30% YEAR AGO 1.08% 1.50% YEAR-OVER-YEAR CHANGE 57.3% 53.4% Top Core-Based Statistical Area ALMA, MI 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 3.20% 2.13% YEAR AGO 3.76% 1.76% YEAR-OVER-YEAR CHANGE -14.9% 21.3% 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 May 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary May 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Minnesota RANK: 47 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MAY 2014 1.25% 0.56% 4.5% YEAR AGO 1.24% 1.11% 5.1% YEAR-OVER-YEAR CHANGE 0.8% -49.4% -0.6% Top County PIPESTONE COUNTY 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 2.18% 2.24% YEAR AGO 2.35% 1.57% YEAR-OVER-YEAR CHANGE -7.2% 42.7% Top Core-Based Statistical Area ALBERT LEA, MN 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 1.83% 1.08% YEAR AGO 1.73% 1.93% YEAR-OVER-YEAR CHANGE 5.3% -44.2% 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 May 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary May 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Minnesota www.MinnesotaREO.com 612-669-6324 952-829-2938 763-432-7640 612-821-7500 952-844-1511 763-533-9133 651-209-8444 Bruce McAlpin Jeff Detloff Long H. Doan Maribel Garcia Garth Johnson Craig Murphy Michael Olsen Missouri RANK: 40 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MAY 2014 2.25% 0.79% 6.5% YEAR AGO 2.30% 1.16% 6.8% YEAR-OVER-YEAR CHANGE -2.1% -31.8% -0.3% Top County OREGON COUNTY 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 1.68% 2.32% YEAR AGO 0.24% 0.61% YEAR-OVER-YEAR CHANGE 593.9% 281.3% Top Core-Based Statistical Area MOBERLY, MO 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 3.03% 2.24% YEAR AGO 3.00% 1.17% YEAR-OVER-YEAR CHANGE 0.8% 91.6% 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 May 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary May 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Nebraska RANK: 49 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MAY 2014 1.55% 0.55% 3.5% YEAR AGO 1.49% 0.98% 4.0% YEAR-OVER-YEAR CHANGE 3.9% -44.3% -0.5% Top County MERRICK COUNTY 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 1.69% 1.77% YEAR AGO 1.95% 1.69% YEAR-OVER-YEAR CHANGE -13.1% 4.6% Top Core-Based Statistical Area SCOTTSBLUFF, NE 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 1.41% 0.91% YEAR AGO 1.34% 1.18% YEAR-OVER-YEAR CHANGE 5.7% -23.3% 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 May 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary May 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Percentage of the asking price that Michigan homes sold for in Q2 2014. Source: Real Estate One STAT INSIGHT 96% The number of home sales closed in Minnesota from January through June 2014. Source: Minnesota Association of Realtors STAT INSIGHT 33,014

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