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CHALLENGES AND OPPORTUNITIES <br />• Lender -mediated Properties. Lender -mediated properties in Ramsey have declined sub- <br />stantially since the housing downturn and Great Recession of last decade. Lender mediated <br />properties (i.e. foreclosures and short sales) accounted for about two-thirds of transactions <br />between 2009 and 2011 declining annually since and comprising about 3.2% of transactions <br />in 2016. Ramsey, like other further out suburban communities, experienced far more fore- <br />closures than many communities in the Metro Area. The continued decline in lender -medi- <br />ated properties will enhance the overall real estate market and pricing will continue to gain <br />from all the losses of last decade. As most homeowners have regained lost equity, the Ram- <br />sey housing market should continue to experience stronger velocity as existing homeown- <br />ers who were unable to move now may have the equity to pursue a trade -up home. <br />Ramsey Lender -Mediated Sales Pct.: 2008-2018 <br />70.0% <br />60.0% 55.8% <br />50.0% <br />40.0% 38.6% <br />33.2% <br />30.0% <br />22.9% <br />20.0% <br />13.8% <br />9.8% <br />10.0% <br />0.0% <br />Ili... <br />2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 <br />62.3% 63.9% 64.2% <br />MAXFIELD RESEARCH AND CONSULTING 155 <br />