More Doom & Gloom
Written by Christopher J. Berry, Esq. on July 25, 2008 – 12:05 pm -CNN is reporting that foreclosures nationwide are up 121% from this time last year. As bad as people say the Metro-Detroit area is, the worst areas is the Sun Belt area in California, though they report that outside of the Sub Belt, Detroit is the next hardest hit foreclosure location.
Detroit continued to suffer more than any other non-Sun Belt area, with one filing for every 66 households. And several Ohio cities were also hard hit, led by Toledo (one in 92 households), Akron (one in 93) and Cleveland (one in 108).
You can read the article at CNN here.
Posted in News, Off Topic, Personal Reflections |
