Realty Unlimited

States seeing the most foreclosures
Nevada earned the distinction of leading the nation in foreclosure rates last month, with 1 in every 2,326 residential properties in the Silver State facing a default.

Florida clinched the unenviable No. 2 spot with a foreclosure filing rate of 1 in every 2,420 housing units, followed by Maryland (1 in every 2,566), South Carolina (1 in every 2,588), and Illinois (1 in every 2,727).

Nevada's June rate was just slightly lower than July's, at 1 in every 2,615 housing units facing foreclosure. That month, South Carolina topped the list of states with the most delinquencies, while Nevada came in second and Florida third.

So why are Nevada and Florida experiencing such a sharp rise in foreclosures this summer?

Realtor.com® senior economist Joel Berner says the surge in defaults in those states is closely tied to tourism.

"Florida and Nevada both have local economies that are heavily reliant on the tourism industry," explains Berner. "Tourism tends to be volatile, and when economic growth slows as it has this year, that industry is often the first and most painfully impacted. Some homeowners in these states may be losing their jobs and becoming unable to make their mortgage payments."

https://www.realtor.com/news/trends/home-foreclosures-increase-nevada-florida-maryland-july-2025/

Home Foreclosures Soar Nationwide—These 2 States Are Hit the Hardest Nevada posted the highest foreclosure rate in the U.S. in July, followed by Florida, as mortgage defaults spiked nationwide.

https://www.homes.com/news/luxury-market-helps-push-minneapolis-prices-to-record-high/1335729363/?utm_source=sfmc&utm_campaign=Agent_Newsletter_Weekly&utm_medium=email&utm_content=article

Luxury market helps push Minneapolis prices to record high - Homes.com Median home prices in greater Minneapolis broke $400,000 for the first time, driven by strong movement in the luxury market.In June, a median home in

Minnesota June 2025
With half of 2025 in the rearview mirror, year-to-date numbers offer us a clear view of market activity relative to last year. So far, statewide new listings are up 6.0% while pending sales are up 1.1% compared to 2024.

The fact that listings are up more than sales has pushed inventory levels higher consistently for almost two years. Despite those supply gains, however, the state remains a sellers’ market at 3.0 months of supply. Traditionally, 5-6 months of supply is considered balanced.

At about 6.82% on average, mortgage rates were flat from May to June but are down about 10 basis points from June 2024. Buyer demand remains steady as we move through peak selling season.
- Minnesota Association of Realtors

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Buyers and sellers pull back in face of higher rates and uncertainty.

After five months of growth, seller activity slowed in February. New listings fell 7.2% across Minnesota as many homeowners chose to stay put with lower interest rates. Pending sales also declined 7.9%, marking the second straight month of declines. High mortgage rates, low inventory, and broader economic factors pose affordability challenges, shaping buyer and seller decisions.

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Some basics here.

Consumer Guide: Preparing to Sell Your Home Once you decide to sell your home, you might have questions about how to prepare it for listing and viewing by potential buyers. An agent who is a REALTOR® can guide you through this process. Here are some common considerations as you prepare your home to sell.

It is good to know your audience.

Colors to Avoid When Selling a Home Adding color is a hot trend in home design lately, but be careful which color you choose.

Mortgage Rates At 21 Year Highs
Early in the week, they reached 7.50%, to levels last seen in 2002.

Here is April 2023 vs April 2022 and 2021