1 in 90Change from 2008:
Prices in the Minneapolis housing market rose about 70% in the 2000s, peaking in September 2006, according to the S&P/Case-Shiller Home Price index. They've fallen nearly every month since, bottoming out in April, 37% below their highs.
Among the 20 biggest metro areas, only Seattle had a bigger percentage jump in foreclosure filings. The increase brought its foreclosure rate, which had been very low, close to the national average of one in every 84.Future foreclosure risk:
Medium. Delinquencies of 90 days plus are still lower than average, according to First American CoreLogic. "With prices declining at a pretty decent rate, issues of negative equity pop up," said Chief Economist Fleming. When people owe more on their mortgage balances than their homes are worth, they're more likely to lose them to foreclosure.NEXT: Growing: Phoenix