Metro's rate of foreclosure dips
The Detroit News
There's a glimmer of good news for Metro Detroit in RealtyTrac's February foreclosure report released today. Though Wayne County still ranks first in the nation for its foreclosure rate (one foreclosure filing for every 150 households), the number of filings dropped 17 percent from January to February. Wayne County's rate also dropped from January's one of every 124 households.
In February, 5,497 Wayne County homes went into foreclosure, according to RealtyTrac, down from 6,653 in January.
Foreclosure filings in February also declined in Oakland (down 40 percent), Macomb (down 11.5 percent) and Washtenaw (down 51 percent), but rose in Livingston County (up 25 percent).
There also was improvement statewide. The number of Michigan foreclosure filings in February (9,287) was down 20 percent from January and 10 percent from last February.
The state's national foreclosure ranking dropped from second to fifth.
The Detroit News
There's a glimmer of good news for Metro Detroit in RealtyTrac's February foreclosure report released today. Though Wayne County still ranks first in the nation for its foreclosure rate (one foreclosure filing for every 150 households), the number of filings dropped 17 percent from January to February. Wayne County's rate also dropped from January's one of every 124 households.
In February, 5,497 Wayne County homes went into foreclosure, according to RealtyTrac, down from 6,653 in January.
Foreclosure filings in February also declined in Oakland (down 40 percent), Macomb (down 11.5 percent) and Washtenaw (down 51 percent), but rose in Livingston County (up 25 percent).
There also was improvement statewide. The number of Michigan foreclosure filings in February (9,287) was down 20 percent from January and 10 percent from last February.
The state's national foreclosure ranking dropped from second to fifth.
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