Foreclosure Statistics Report Updated by the Minneapolis Association of Realtors.

Here is what they had to say:

MAAR’s Foreclosure and Short Sale Report – Q3 2008 Update

The unfortunate growth of foreclosures and short sales (i.e., lender-mediated properties) has had substantial effects on the Twin Cities housing market and doesn’t appear to be going away anytime soon.

We published our first “Foreclosures and Short Sales in the Twin Cities Housing Market” report in May 2008. We have now followed up with a second-quarter (Q2) in August and a third-quarter (Q3) update published just this month. The expanded Q3 report provides further fine-tuning to our methodology and deeper analysis on the role of lender-mediated properties by city, neighborhood, property type and price range.

View the full foreclosure statistics report here.