Jeff Crump publishes subprime lending analysis

Jeff Crump (DHA) has published "Subprime Lending and Foreclosure in Hennepin and Ramsey Counties" in the Summer 2007 issue of the Center for Urban and Regional Affairs CURA Reporter. Crump's research finds a more than 100% increase in Minneapolis foreclosures since 2006 with more than 50% of those foreclosures located in North Minneapolis.

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I came across an article at http://www.brokerforyou.com/brokerforyou/ written by a San Diego real estate broker that claims that subprime loans are NOT the main cause of the housing value decline. Interestingly, he claims that greed is the #1 cause of the decline! It’s really a great little article, you should check it out!

He’s also got some interesting charts on median home value drops at http://www.brokerforyou.com/brokerforyou/index.php?paged=2

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